Three months after generating the first quarterly profit in its 10-year history, Tesla Motors posted a $30.5 million net loss for the second quarter, while adjusted earnings topped analysts' expectations.
After 30 years of building autos in the United States, Nissan is turning up the pressure on its suppliers to locate their operations closer to Nissan's assembly lines in Tennessee and Mississippi.
Demographic trends unfolding in China will ultimately lead Africa to replace the world's most populous country as a global center of low-cost manufacturing, according to Ford's official futurist.
More than 100 former GM executives who sued the automaker for cutting their retirement benefits during the company's 2009 bankruptcy had their appeal rejected today by a federal appeals court.
Automakers, enjoying the best U.S. sales since 2007, so far this week have disclosed plans to spend $434 million to boost their capacity to make vehicles and engines.
Chrysler Group is investing $52 million in two Michigan plants to boost Tigershark four-cylinder engine capacity. The investment will create 298 jobs at plants in Trenton and Dundee, the company said today.
To meet rising production orders, North American suppliers are hiring employees and purchasing more capital equipment, but they are less willing to finance plant expansions, a new industry survey shows.
Chrysler Group said it would spend $52m at its engine plants in Trenton and Dundee, Michigan, to increase capacity of the 'Tigershark' engine, adding 298 new jobs at Trenton.
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