Four battery manufacturers today announced plans to invest nearly $1.7 billion to launch advanced manufacturing operations in Michigan, aided by some $543.5 million in tax breaks.
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A partnership between Johnson Controls Inc. and France's Saft will build its first U.S. plant in Michigan to supply lithium-ion batteries for hybrids and electric vehicles, the companies announced on Tuesday.
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General Motors is facing a lawsuit in Canada from unsecured bondholders after it paid dividends from a small local unit even as it hovered on the brink of insolvency.
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Shares of Hyundai Motor and affiliate Kia Motors rose after the government offered tax breaks to stimulate domestic vehicle sales.
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Canada's automotive manufacturing industry has been uniquely and strongly profitable in recent decades, a new report from the Canadian Auto Workers (CAW) said.
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Diverse autoparts maker ArvinMeritor has achieved savings of about US$430m on an annual basis since last October.
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Take a look at what else was on offer at the New York Show, besides the headline cars...
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1. Mini Cooper Convertible Openometer
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Michelin North America will close its BF Goodrich tyre manufacturing plant in Opelika, Alabama by 31 October with the loss of about 1,000 jobs.
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Minicars made by Toyota, Honda and Daimler AG did poorly on frontal crash tests with mid-sized automobiles, prompting an influential safety organization to suggest consumers consider buying larger cars that have comparable fuel economy.
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Shares in British car dealer groups Pendragon, Lookers and Inchcape have risen by as much as 40% as it looks increasingly like the UK government will introduce an old car scrappage incentive scheme in its annual budget statement later this month.
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Mitsubishi Rayon has said its plans to acquire British chemical producer Lucite International Group in a friendly takeover to become a leading manufacturer of methyl methacrylate for car parts and electronics devices such as liquid crystal displays was being held up by Chinese regulators but that there would be no change to the deal.
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GM and Ford will maintain their investment plans in Brazil according to the local Estado newswire.
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Russian tyre producer Nizhnekamskshina has said that it produced 1.505m tyres in the first quarter of this year, a drop of 48.5% on the same period of last year.
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Volkswagen has said that it sold a record number of cars in mainland China and Hong Kong in the month of March, as demand for its products boomed amid official measures to encourage the new car market there.
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Skoda's first off-roader spied on test
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Mazda takes aim at Ford's Ka with a fresh new city car
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Hottest variant of Porsche's bestseller caught out
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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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