Beijing Benz-DaimlerChrysler Automotive (BBD), a joint venture between Daimler and Beijing Automotive Industry Holding, will receive RMB 6.7bn (US$982m) from Daimler as compensation for capital and operation losses caused by the splitting of Daimler and Chrysler, China Business News reported.
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The Department of Transportation of the National Highway Traffic Safety Administration (NHTSA) establishes CAFE (Corporate Average Fuel Economy) standards since the end of the 1970s. These standards regulate the average fuel consumption of automotive vehicles built in North America as well as the production of CO2 emissions.
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Asbury Automotive Group and Sonic Automotive Inc. are threatened by mounting debt. Sonic's troubles appear more dire.
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Here are profiles of six of the 25 finalists in the 2009 Automotive News PACE Awards -- i2 Technologies Inc., BorgWarner Morse TEC Inc., Robert Bosch LLC, Henkel Corp., TI Group and Hella KGaA Hueck and Co.
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Here's a machine that pulled off the same sort of stunt as the VW Beetle- dropping from sight decades earlier to re-emerge as a top-selling automotive fashion statement that combined the cartoony charm of the original with the reliability that today's customers expect.
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Automotive brakes maker Pacifica Group, controlled by Bosch, expects the crisis in the automotive industry to worsen in 2009, after a dreadful year in 2008.
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Fisker Automotive has chosen its first 27 retailers, including dealership groups led by John Bergstrom and Ron Tonkin, as part of the automakers effort to build a boutique of low-volume green cars with price tags approaching $100,000.
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Continental's supervisory board today elected lawyer Rolf Koerfer as its chairman. Koerfer, 51, is an adviser to the Schaeffler Group, which in January completed a hostile takeover of the tire and automotive components supplier.
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Fisker Automotive has chosen its first 27 retailers, including dealership groups led by John Bergstrom and Ron Tonkin, as part of the automaker's effort to build a boutique of low-volume green cars with price tags approaching $100,000.
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Fisker Automotive has chosen its first 27 retailers, including dealership groups led by John Bergstrom and Ron Tonkin, as part of the automaker's effort to build a boutique of low-volume green cars with price tags approaching $100,000.
Full story...
Fisker Automotive has chosen its first 27 retailers, including dealership groups led by John Bergstrom and Ron Tonkin, as part of the automaker's effort to build a boutique of low-volume green cars with price tags approaching $100,000.
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Auto-parts supplier Cooper-Standard Automotive Inc. is dismissing about 600 salaried employees while overhauling its global structure and reassigning top executives.
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Auto-parts supplier Cooper-Standard Automotive Inc. is dismissing about 600 salaried employees while overhauling its global structure and reassigning top executives.
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TRW Automotive has trimmed more jobs at its east Mesa airbag inflator plant in Arizona and put remaining workers on short work weeks to cope with decreased demand, a company official told a local paper.
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The European automobile manufacturers' association ACEA has welcomed a resolution adopted by the European Parliament on the future of the automotive industry in light of the current crisis.
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Shanghai Automotive Industry Corp. (SAIC) is developing new MG models for China and Europe on the platform of its Roewe 550 compact car, say sources at the company.
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Foamex International Inc., a bankrupt maker of polyurethane foam for bedding and automotive seat cushions, said Wednesday that it has reached a deal to sell most of its assets to a unit of debt investment firm MatlinPatterson.
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Moody's Investors Service lowered Penske Automotive Group Inc.'s debt ratings today, moving the second-largest U.S. auto retailer further into junk territory. The ratings changed from B1 to B2, five steps below investment grade.
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Premium green automaker Fisker Automotive has appointed its first group of North American retailers to market and service its luxury plug-in hybrid vehicles, beginning with the 100mpg Karma sedan later this year. Thirty-two award-winning retailers have confirmed their intent to carry the Fisker marquee.
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