Ontario is supporting the next phase of the transformation of the Ford Essex engine plant, which is expected to create and retain up to 757 new jobs over five years.
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Jeep dealers face a shortage of Wrangler hardtops in the next several months because of a and#8220;supplier constraint,and#8221; the company said in a memo to dealers yesterday. The memo advised dealers to order softtop Wranglers during the period.
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Stronger fourth-quarter sales and earlier cost-cutting efforts helped wheel supplier Superior Industries International Inc. cut its loss in the fourth quarter. The company reported today that its full-year 2009 net loss was $94.
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Internet lead generator Autobytel Inc., which hasn't turned an annual profit since 2004, continued its drought in 2009 after reporting a net loss in the fourth quarter.
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Toyota Motor Corp. and#8220;deliberately withheld relevant electronic recordsand#8221; that it was legally required to produce in lawsuits over SUV rollover accidents, the chairman of the House Oversight and Government Reform Committee said today. Rep.
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Supplier Visteon Corp. in 2009 posted full-year net profits for the first time in its history, boosted by a $195 million gain from terminated retiree benefits.
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General Motors Co.'s is extending the franchise agreement by 60 days for the remaining 153 U.S. Hummer dealers while the automaker continues to look for a buyer.
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Ford Motor Co. said today it is spending $155 million on its Cleveland Engine Plant No. 1 to build the upgraded V-6 engine for the 2011 Mustang. The investment creates 60 jobs at the plant. With this investment, Ford said, the company has spent $1.
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In News Brake: The Lexus CT 200h will break cover at the Geneva auto show, U.S. F1 eyes a merger, and the BMW Concept 5-series ActiveHybrid is also on tap for Geneva . . . But Wait, There's More!
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An antitrust investigation into automotive wiring harnesses has spread across three continents and involves at least seven international auto suppliers.Investigators from the FBI this week raided the U.S. headquarters of Denso Corp.
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Ford is spending US$155m - $121m on manufacturing investment and $34m for launch and engineering - and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V6 engine for the 2011 Mustang.
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Russian automakers AvtoVAZ and Sollers have signed a cooperation agreement to develop a suppliers' auto components base, according to a statement issued by AvtoVAZ.
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Visteon, which is reorganising under Chapter 11, reported a profit of USD128m in 2009, marking the company's first full-year profit since it was spun off of Ford in 2000.
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A wide range of television entertainment was on offer to the discerning viewer this week. Including, for the sports fan, downhill skiing and other delights from the winter Olympics in Canada. For the auto industry and US politics buff, how about live congressional coverage - politicians v Toyota, rounds one and two?
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Used-car sales helped Lithia Motors Inc. post improved earnings and revenue during the fourth quarter. The dealership group said yesterday that it posted net income of $2.8 million, compared with a net loss of $1.5 million in the same period in 2008.
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Edmunds.com is forecasting that Toyota's share of the US light vehicle market in February will be its lowest since July 2005.
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City car gets Lotus-developed hybrid power, showcases look of brand’s all-new Savvy
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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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