The United States Bankruptcy Court in Delaware has granted A123 Systems' request for so called 'first day' enabling it to operate pending the recently announced sale of automotive assets to Johnson Controls.
Mitsubishi's Indian importer Hindustan Motors has reduced the price of the Pajero Sport SUV to INR2,256,000 (US$41,750) after local assembly began at the automaker's plant in Tiruvallur near Chennai. The price cut was INR187,000.
Nissan Americas vice chairman Bill Krueger has announced the addition of 810 new manufacturing jobs in Tennessee. The new jobs 'support' a recently added third shift at the Smyrna vehicle assembly plant: the first time the plant has had a third shift in its nearly 30-year history - it was the automaker's first US 'transplant'.
Federal-Mogul third quarter 2012 sales fell 2% year on year to US$1.6bn.
General Motors and PSA Peugeot Citroen will announce their joint purchasing agreement soon, though they have no immediate plans to build cars together in Brazil, GM executives said on the eve of the Sao Paulo motor show which opened for today (22 October).
News
22 Oct, 2012
Honda exec confirms that the production version of the NSX supercar will be unveiled at Detroit
European supplier body, CLEPA, is calling on politicians to confirm a Brussels plan to allocoate EUR80bn (US$105bn) for its Horizon 2020 innovation programme.
Volkswagen has revealed its intention to join the burgeoning compact SUV ranks with the Taigun concept revealed at the Sao Paulo motor show in Brazil.
News
22 Oct, 2012
Renault has unveiled a Duster-based, off-roader concept at the Sao Paulo Motor Show
Infiniti has ended a feasibility study of third party manufacturing (by Magna Steyr) of a "a new compact premium vehicle" and said it was "moving ahead with plans" for a scheduled launch in 2015 of a model it would make "in-house" in an as yet unnamed European factory.
Ford called an emergency meeting with unions at its car plant in Genk, Belgium, amid mounting expectations that the automaker is preparing to close the factory.
Toyota will nearly double diesel engine production capacity at its Thai plant in Chonburi Province.
Fiat is dismissing reports it may increase production at its Melfi plant to cope with two unidentified mini-SUVs as "entirely without foundation."
India has become a vital hub in the One Ford strategy, providing an important export base for small cars and engines, the local unit's head said.
News
22 Oct, 2012
The stunning Nissan Extrem Concept has made its world debut at the Sao Paulo Motor Show in Brazil