The Obama administration is considering whether to allow dealers to sell cars under the cash-for-clunkers program that are ordered from manufacturers rather than just those already in dealers' stock. U.S. Reps.
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In today's News Brake: Nissan says the Leaf will get 367 mpg, GM presses to sell Opel, and seatbelts reach a milestone . . . But Wait, There's More!
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In today's News Brake: Nissan says the Leaf will get 367 mpg, GM presses to sell Opel, and seat belts reach a milestone . . . But Wait, There's More!
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As expected, the infighting on the Continental board has led to the chief executive agreeing to step down immediately with the chairman stepping down later.
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Ford Motor Co. is cranking up production of the Ford Focus after strong cash-for-clunkers demand put the compact in short supply. The automaker has added weekday and Saturday overtime at its Wayne, Mich., plant, said Anderson Robinson Jr.
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Allison Transmission Inc. has said it has been notified that it will be awarded a US$62.8m US Department of Energy (DOE) American Recovery and Reinvestment Act of 2009 Grant to continue its efforts to design, develop and manufacture a cost-competitive commercial hybrid truck drive system.
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Halla Climate Control Corp.has said Wednesday that it has won a deal valued at 170 billion won (US$136 million) to provide auto air conditioner parts to Volkswagen AG.
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Hyundai Motor Co., buoyed by market-share gains during this year's sales crash, confirmed plans to launch its Equus luxury sedan in the United States in late 2010.
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Volkswagen and Porsche have broadly agreed on details for a deal to combine their businesses, two VW supervisory board members said. The combined entity could eventually be called "Auto Union" and may be led by VW CEO Martin Winterkorn.
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Volkswagen and Porsche have broadly agreed on details for a deal to combine their businesses, two VW supervisory board members said. The combined entity could eventually be called "Auto Union" and may be led by VW CEO Martin Winterkorn.
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Financially challenged AvtoVAZ has said it has spent nearly all the 33 billion roubles (US$1bn) in bailout loans it has received from the Russian government.
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Kia Motors' second quarter earnings nearly quadrupled as government tax incentives and rising overseas demand for small cars boosted sales.
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Dealers' rebate claims on cash-for-clunkers transactions have continued a steady climb so far this week. Dealers have submitted 316,189 claims totaling $1.33 billion as of this morning, Aug. 12, the U.S. Department of Transportation said.
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American Axle and Manufacturing Holdings Inc., beleaguered by low production levels this year at its largest customer General Motors, made an interest payment of just over $6.
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The Korea Export Insurance Corporation (KEIC) reportedly plans to provide US$255m of loan guarantees to Hyundai for the construction of a car assembly plant in the St Petersburg area.
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TRW Automotive Holdings Corp. expects to collect about $234 million from its issuance of at least 14 million new shares of common stock announced Monday.
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The green car mileage race is now under way, and Nissan Motor Co. isn't impressed by the Chevrolet Volt's 230-mpg claim.
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The green car mileage race is now under way, and Nissan Motor Co. isn't impressed by the Chevrolet Volt's 230-mpg claim.
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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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