Gestamp North America invests $100 million for West Virginia factory
Gestamp North America will make at least a $100 million investment into its South Charleston, West Virginia stamping plant to prepare the site, which will soon make parts for Honda Motor... Read more
Ford and PSA decide to end partnership on large diesel engines
Ford Motor Co. and PSA/Peugeot Citroen are terminating their alliance on the joint development of large diesel engines. The companies said the termination was not because of PSA's new... Read more
Ford names Gaetano Thorel as VP of marketing at European headquarters
Ford Motor has appointed Gaetano Thorel as vice president of marketing at Ford of Europe, effective July 1. Thorel currently sits as currently managing director of Ford of Italy, where he... Read more
China vetoes Changan’s consolidation plan after worker strike
China’s central government has vetoed plans to consolidate the operations of Chongqing Changan Automobile Co., following a series of strikes by workers of its Jiangxi Changhe Automobile... Read more
Ford of Europe commits to reduce water use, landfill waste by 2016
Ford Motor Co. has confirmed its commitment to drastically decrease its landfill waste and water uses at its European plants. The company’s commitment entails significantly increasing the... Read more
$14 billion tax gain to push Ford’s 2011 profit to $20 billion, its biggest since 1998
Ford Motor Co.’s profit performance in 2011 will be the best since 1998, all thanks to a big one-time tax gain. The carmaker is expected to post a net income of around $20 billion in... Read more
Chevrolet on track to reach all-time global sales record in 2011
In 2011, Chevrolet is set to end its 100th year by attaining an all-time global sale record. The carmaker has sold 4.8 million units from January to November, and has started December on... Read more
Ford and GM plan to ratchet up first-quarter production
Working under the belief that the worst of the auto industry's economic downturn has passed, Ford Motor Co. and General Motors Co. plan to step up first-quarter production to more normal... Read more
GM says that half of its vehicle production will be flex-fuel capable by 2012
Flex-fuel pledges is a hot topic in the US as both General Motors Co. and Ford Motor Co. issued press releases related to this topic. GM claims that it leads in the production of... Read more
Ford tops GM in car sales for the first time in 12 years
Ford Motor Co.'s 13% sales gain in February gives it the lead in the US industry. This marks the first time in 12 years that Ford has overtaken General Motors Co.'s monthly sales figure.... Read more
U.S. Treasury to exit its investment in GMAC Financial Services this year
Later this year, the U.S. Treasury Department is expected to exit its investment in GMAC Financial Services. According to two senior Treasury officials, there will be a gradual sale of... Read more
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