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Michelin's next CEO, Jean-Dominique Senard, said at last Friday’s shareholders' meeting that because of high and volatile raw materials prices, the company faces “incredible pressure." Senard said that despite this,...
by - May 12, 2011
Ford CEO Alan Mulally told shareholders that the tone of contract negotiations between Ford Motor Co. and the UAW will be different from years ago as it will be focused...
by - May 12, 2011
As a result of the earthquake, Chrysler Group LLC had to conserve parts from suppliers and so it has canceled overtime at a Mexican plant and it has decided to...
by - May 12, 2011
Toyota Motor Sales U.S.A. will offer a new set of regional cash, interest-rate, and lease incentives on many of its models. Another carmaker that is set to launch new incentives...
by - May 12, 2011
Hyundai will only offer all-wheel drive on the second generation of the Genesis luxury sedan that arrives for the 2014 model year. Previously, Hyundai’s CEO John Krafcik has said that...
by - May 12, 2011
Lamborghini held an exhibit called La Forza Del Toro from April 26 to May 8 at the Chiostro del Bramante museum in Rome. The show, whose name is Italian for...
by - May 12, 2011
At a news conference, Nissan Motor Co. CEO Carlos Ghosn said that its global production will go back to normal this October. The Japan earthquake on March 11 had led...
by - May 12, 2011
Auto supplier Visteon Corp. stated in a regulatory filing that William Redmond Jr. will resign from the board, effective May 20, since he disagreed with how the nominations for new...
by - May 12, 2011
It’s unfortunate that developing the latest For Explorer took many years and a huge amount of money but Consumer Reports could only give it the No. 17 rank out of...
by - May 12, 2011
The Insurance Institute for Highway Safety (IIHS) conducted a new series of crash tests and determined that Ford’s 2011 F-150 SuperCrew deserves the Top Safety Pick rating. This would be...
by - May 12, 2011
Audi revealed that the brand’s first ever all-electric offering is going to be manufactured at its Neckarsulm facility. In addition, the brand will also be conducting a small production run...
by - May 12, 2011
Mercedes-Benz doesn’t rely on its excellent reputation; it actually does work to enhance its models year after year. It aims to present a new generation of powerplants that provide improved...
by - May 12, 2011
Sweden-based Volvo achieved operating earnings of 640 million Swedish crowns ($103 million) in the first three months of 2011, reflecting an increase of 280 million crowns from the same period...
by - May 12, 2011
Audi, the luxury brand of Volkswagen AG, is planning to generate 10,000 jobs worldwide through 2020, Chief Executive Officer Rupert Stadler revealed in a speech prepared for the company’s shareholder...
by - May 12, 2011
BMW AG is studying potential sites in emerging markets, which the company now refers to as BRIKT, for its two new plants. At the company’s annual shareholders meeting in Munich,...
by - May 12, 2011
Renault will display two versions of Twizy at the auto show in Barcelona. These are Technic and Urban, which are both powered by a 17hp motor. With prices in the...
by - May 12, 2011
The Alliance of Automobile Manufacturers asked the U.S. government to wait until studies are completed before it even considers the campaign initiated by 18 U.S. senators' for a 62 mpg...
by - May 11, 2011
Nissan Motor Co. reported a net income of 30.8 billion yen ($380 million) for the first quarter ended March 31, 2011, compared to a net loss of 11.6 billion yen...
by - May 11, 2011
By the end of June, Toyota Motor Corp.’s North American production will be restored to approximately 70% of the normal levels – two months ahead of schedule. The output of...
by - May 11, 2011
Subaru forecasts that through summer, its U.S. auto production will be at 80% of normal levels. It expects its output to normalize by November. According to Ikuo Mori, CEO of...
by - May 11, 2011
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