Compass Automotive Group LLC has purchased the aluminum and magnesium die casting and machining operations of supplier Citation Corp., in Compass' most recent acquisition of an aluminum components company.
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State-run Life Insurance Corp of India (LIC) has raised its stake in engine maker Cummins India by 2.18% via open market purchases, the insurer said in a statement to the stock exchange.
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The Colombian government has confirmed a COP50bn bailout to help the local auto industry cope with a 20% sales decrease.
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Russian tyre producer Amtel-Povolzhye's output declined by 65% year-on-year to 308,700 tyres in the January-February period, according to data released Monday through Prime-Tass.
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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today.
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Chrysler LLC's alliance with Fiat S.p.A. will eventually exceed the value of all loans Chrysler gets from the U.S. government, Chrysler CEO Bob Nardelli told employees in an e-mail message today.
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Muscle car’s nose has been grafted on to Japanese-market Stagea.
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South Africa's biggest auto industry union has urged the government to rescue any group facing collapse. It also said that companies which benefit from bailouts must agree to protect jobs.
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The Chevrolet Camaro, which started production this morning in Canada, carries a best-in-class fuel economy rating of 29 mpg on the highway -- two miles per gallon higher than General Motors estimated.
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United Auto Worker (UAW) union members at Magna International's New Process Gear unit in Syracuse, New York state, are on Monday and Tuesday voting on accepting a new contract which would eventually reduce their pay and the number of workers employed there.
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Plastic injection moulded parts manufacturer AKT Altmarker Kunststoff-Technik GmbH of Gardelegen, Germany, has signed a contract with The Offshore Group of Tucson, Arizona for the provision of outsourced manufacturing support, or "shelter" services in Saltillo, Mexico
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Our friends at Acura are bringing a new car to the New York auto show next month.
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Changes at Hitachi will see its auto parts unit spun off into a separate unit by 1 July.
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Volkswagen of America, Inc., Major League Soccer and Soccer United Marketing, MLS's marketing arm, today announced a new multi-year partnership. The agreement renews Volkswagen's status as the Official Automotive partner of Major League Soccer. Volkswagen has been an MLS partner since 2008
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Dana Holding has posted 2008 full year net income of $18m - versus a net loss of $551m in 2007 - on sales of $8.01bn, down $626m year on year.
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The modern pony-car wars are heating up, and the 2010 Chevrolet Camaro has notched its first victory.
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Supplier Dana Holding Corp., facing more red ink and sales declines, said today that it would cut its global work force this year by more than 5,800 people, up from 5,000 announced last November.
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Supplier Dana Holding Corp., facing more red ink and sales declines, said today that it would cut its global work force this year by more than 5,800 people, up from 5,000 announced last November.
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Slovenia has a reputation for being a quietly affluent corner of the Balkans and its domestic vehicle manufacturing plant - a part of Renault - appears to be performing relatively well.
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A $5bn low interest loan by the end of March should be all the federal funding Chrysler needs, according to media reports.
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