Valeo has inaugurated the extension to its plant in Veszprém, Hungary, which produces comfort and driving assistance systems, with the addition increasing the site's capacity by 50% in the next few years.
Nexteer says current president and CEO, Robert Remenar, is to step down from his roles with immediate effect, although he will remain on the board of directors.
Jonathan Browning, CEO of Volkswagen Group of America, has been on the job only two years, but the German automaker's U.S. sales have made tremendous progress, climbing 23 percent last year to 443,840 vehicles. But there is more work to do.
Carmakers are giving Chinese dealers no relief in their effort to reduce a glut of unsold automobiles in a slowing economy, as factories pump passenger vehicles into showrooms faster than distributors can sell them.
Stop-start technology has been a mainstay of hybrids and in Asia and Europe. Now it's going mainstream in Detroit. The 2013 Ford Fusion and the 2013 Chevrolet Malibu have stop-start systems.
Jonathan Browning, CEO of Volkswagen Group of America, has been on the job only two years, but the German automaker's U.S. sales have made tremendous progress, climbing 23 percent last year to 443,840 vehicles. But there is more work to do.
After three decades of heavier vehicles and little improvement in mpg, automakers are in a breathless sprint to bring out models that dramatically move the needle on fuel economy.
Global suppliers, attracted by stunning growth prospects, are shrugging off this year's slowdown in auto sales in China and investing heavily in the world's largest auto market.
Honda Motor Co. is carefully allocating shipments of cars to the United States because its exports there from Japan are "losing money," CFO Fumihiko Ike said.
Four years after gasoline prices spiked and carmakers threw themselves into developing models with vastly improved fuel economy, those new vehicles are arriving -- and cleaning up against older, less fuel-stingy competition.
Automakers may be obsessed with cutting vehicle weight, but they are happily packing on pounds in one place. Giant sunroofs and skylights dominate many new-vehicle cabins.
Former championship favourite Jenson Button is being swallowed up by F1's fascinating 2012 season.
The first winner this year, Briton Button's form has been sliding recently and it hit rock bottom in Canada, where he finished sixteenth whilst Lewis Hamilton won in the sister McLaren.
He admitted afterwards that he leaves Montreal "confused and very lost".
He has qualified tenth or lower throughout May and June, and has only half of championship leader Hamilton's points tally, and is just eighth in the title standings.
"There was nothing there," Button told reporters after Sunday's race. "It has been the same at the last couple of races. I don't know why that is."
Button, the 2011 championship runner-up, also admitted he is at a loss to explain how his celebrated skill of looking after his tyres is proving no benefit this season.
Compounding the mystery is that Hamilton, actually the more aggressive driver, is making the heavily-degrading Pirellis work for him.
"I haven't got a clue at the moment," Button said when asked what he and his engineers will do to rectify the situation between now and Valencia in two weeks.
"Driving around one and half seconds slower than the leaders, one of whom is my teammate ... I don't know why because I can't push the car any quicker. It is not the tyres. I cannot be the only person who can't drive the tyres. It's impossible. That felt like the limit of the car. I am leaving here confused and very lost," he said.
The Jeep Wrangler is considered by many as the ultimate off-road vehicle. This affordable yet capable SUV is synonymous with freedom, adventure, nature and open skies.
This year, the 2012 Jeep Wrangler gets a new engine. Chrysler's 3.6L V6, called the Pentastar, provides the iconic off-road with 285 hp and 260 lb-ft of torque. The Wrangler is more refined than ever, but has lost nothing of its unbeaten-path capability.
Ron Dennis has hinted the hold-up regarding a new contract for Lewis Hamilton is a disagreement about money.
The Montreal winner and new championship leader's existing long-term deal runs out this year, but so far the two sides have been coy about the likelihood of a new contract for 2013 and beyond.
McLaren, however, has hinted it definitely wants to keep the 2008 world champion, while 27-year-old Hamilton has hinted he wants to stay, triggering speculation the dispute is over the details of the new contract.
Will Lewis Hamilton stay with McLaren? (Photo: WRi2)
Dennis, McLaren's executive chairman who was in Montreal on Sunday, suggested to Sky Sports that money is indeed a factor.
"He's on the end of a contract which was signed at a time when the economy was somewhat different and now there has to be a balance," he said.
Asked if that means a pay-cut for Hamilton, Dennis answered: "He's very highly paid. He's certainly paid more than I am!"
Lewis Hamilton has been linked with moves to Red Bull and Mercedes, and Ron Dennis confirmed that McLaren also needs to look at its options on the driver market.
"You're obviously going to look at what's available; where can he go - he's going to look at that - (and) we're going to look at who's available," he said.
"At the end of the day, hopefully, the fact that he's been part of this team from the beginning of his career will pay a significant role in whatever decisions both sides make."
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up van, insurance you can rely on is a must.
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