Chrysler said it prevailed in 70 percent of its 105 cases in releasing its final arbitration figures with dealerships.
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In today's News Brake: General Motors puts a price tag on the Chevrolet Volt, Automotive X Prize enters the final stage, and Audi unveils the A7 . . . But Wait, There's More!
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Chevrolet today said its Volt range extender hybrid would be priced from US$41,000 ($33,500 after the full federal income tax credit which ranges from $0 to $7,500)and would also be offered on 36 month lease from $350 a month with an initial $2,500 payment.
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Audi has introduced a second, larger, five-door 'Sportback' model called A7 to supplement the A5 launched about a year ago. The car, which shares many parts with the A6 and A8, will make its public debut in Russia, a prime target market, at the Moscow motor show.
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Toyota on Tuesday said global sales rose 16.9% in the first half of the year despite worldwide safety recalls.
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GAZ Group has stopped production at its principal site following an almost unprecedented heatwave this month.
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TI Automotive on Tuesday said it had won its largest single source contract ever after being named global supplier of fuel tank systems for several unspecified "high-volume" Mercedes-Benz model lines.
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Magna International is expected to start producing car parts in St. Petersburg - home to many western automakers' plants - some time in September-November, the city's deputy governor Yury Molchanov said.
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JFE Holdings, the world's fifth largest steelmaker, will spend about US$1bn for a 14.9% stake in India's JSW Steel, just short of a mandatory takeover trigger level, in its bid to gain a foothold in the fast-growing Indian market.
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Though the rapid rise of labour costs in China is "inevitable", Toyota Motor has no immediate plans to review its supply chain there, its vice president said.
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The Automotive X Prize is nearing the finish line.
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Saab says it is "loading boats" in Sweden with the new 9-5 model as it prepares for a US launch in August.
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General Motors plans to sell its Chevrolet Volt electric car for about $40,000, according to several news reports.
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EDITOR WES RAYNAL: This is a nice people mover but, man, $46,000 is a lot of loot. I kept wondering whilst I drove it: Since the Flex walks and talks pretty much like a minivan, why don't I just save the coin and get a Dodge Grand Caravan?
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EDITOR WES RAYNAL: This is a nice people mover but, man, $46,000 is a lot of loot. I kept wondering whilst I drove it: Since the Flex walks and talks pretty much like a minivan, why don't I just save the coin and get a Dodge Grand Caravan?
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With Ram pickups no longer part of its lineup, Dodge is repositioning itself as a sporty brand for all ages.
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Company executives say a number of factors - including changes in the U.S. tax code for 2011 - are converging to motivate sellers in the second half of the year.
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Honda's Indian car unit Honda Siel Cars India will spend INR2.5bn (US$53.3m) on its engine and transmission facility in the western state of Rajasthan.
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