The Teamsters union and BMW AG agreed on Thursday to extend the employment contract of workers at a California parts warehouse for six months, averting about 100 layoffs scheduled for late August, the union said.
PwC's automotive forecasting unit has warned that the European car market is seeing weakness as austerity measures start to bite amid worsening consumer confidence across the region.
Analysts, citing the cloudier outlook for economic growth in coming months, are trimming their forecasts for domestic light vehicle sales in 2011 and 2012. JD Power and Associates today trimmed its estimate for 2011 light vehicle sales to 12.
IHS Automotive reduced its estimate for U.S. auto sales in 2011 by 200,000 units to 12.5 million light vehicles, joining several analysts that have recently lowered their outlook for industry sales amid rising uncertainty about the economy.
The Chrysler Group is planning to expand its Toledo, Ohio, assembly complex, adding a second shift and more than 1,100 jobs to the operation that currently builds the
The Chrysler Group is planning to expand its Toledo, Ohio, assembly complex, adding a second shift and more than 1,100 jobs to the operation that currently builds the
With a big lift from its Fiat partner, Chrysler Group's Ram truck brand is moving beyond its core pickup truck business into commercial vans.
Chrysler Group's Ram truck brand plans on expanding its experiential advertising into Wal-Mart stores across the country this fall, executives said during a Web chat with journalists this morning.
Spanish toolmaker Matrici says it will travel to Sweden next week to discuss outstanding debts owed by Saab of EUR2m (US$2.8m).
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into an estimated 120,000 BMW 7-Series sedans for a potential issue with the car not shifting into park and then rolling away.
Also in today's show: a new Subaru concept, rumors of a Mexican Grand Prix and Saab eyes a relaunch. Plus, come back on Friday for our exclusive interview with Danica Patrick.
Nissan UK vice-president says the cost of a replacement battery could hit £19,392
Stunning Lexus LFA roadster planned for production in 2014
Tata Motors flat fiscal first quarter profit lagged estimates after higher costs squeezed margins and the automaker said rising interest rates was a matter of concern.
Europe's automotive suppliers association (CLEPA) is deploring suggestions Saab has made partial payments to some component makers.
Tata Motors owned Jaguar Land Rover fiscal first quarter operating profit (EBITDA) rose 16.9% to GBP408m on sales up 19.9% to GBP 2,712m.
Mercedes-Benz boss Dieter Zetsche has given approval for a second Shooting Brake model to accompany the brand's eagerly awaited CLS Shooting Brake due out in 2012, according to German media reports.
Mercedes-Benz boss Dieter Zetsche has given approval for a second Shooting Brake model to accompany the brand's eagerly awaited
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
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