Articles
One of China's top automakers expects to open an assembly plant in Mexico in the next three years. Officials from Grupo Elektra S.A. de C.V., a leading specialty retailer, consumer finance, and banking company in Latin America, said they plan to introduce FAW automobiles designed in China into the...Read More»
Despite deep cuts in production numbers and plans to trim between 8500 and 10,000 blue-collar jobs through the first half of 2008, Chrysler LLC is still looking for more cost savings. The automaker is prepared to push its suppliers for new concessions as it moves forward with efforts to reduce...Read More»
The new alliance between Chery and Chrysler LLC is up and running, but it be a while before the cars spawned by the collaboration will reach showrooms in theU.S. and Europe, a Chery executive says. Lin Zhang, general manager of Chery's International operations, said the work on the alliance is just...Read More»
Ford is shelving plans to build a new assembly plant in northernMexico. Instead, Ford has promised the United Auto Workers in its new labor pact to build a small car in the U.S. Pushing both Ford and GM to build small and alternate fuel vehicles in plants staffed by union members was one of the top...Read More»
Honda plans to lease a fuel-cell-powered vehicle directly to consumers inSouthern California for around $600 per month, beginning in the summer of 2008. The leasing of the FCX Clarity will test both Honda’s fuel-cell platform and as well as the ability of dealers to handle the futuristic...Read More»
Members of the United Auto Workers have ratified the last of three labor contracts that include a dramatic reduction in wages for new employees of General Motors, Ford, and Chrysler, and shifts the burden for retiree healthcare to a new, independent fund, the union said Wednesday. The union...Read More»
Last week's stunning announcement by General Motors that it had lost $39 billion in the third quarter put a halt to a lot of chatter about GM's ostensible comeback. With the economy and new vehicle sales slowing, skepticism about GM's future was the order of day on Friday, despite the company's new...Read More»
American voters now consider the nation's dependence on foreign oil, the nation's top national security issue and favor tougher fuel economy standards by an overwhelming margin, according to a new poll released by the Pew Campaign for Fuel Efficiency and the National Environmental Trust. The new...Read More»
Ford Motor Co. has decided not to sell Volvo after all. Alan Mulally, Ford chief executive officer, told reporters and analysts Thursday that Volvo is no longer for sale. Instead Ford now plans to concentrate on repairing the Swedish company’s cost base. “The plan right now is to fix...Read More»
Concern is growing inside the Ford Motor Co. about the current state of the economy and its impact on the automotive industry, a top company executive has acknowledged. Mark Fields, president of Ford of the Americas , said the company is looking at a number of "variables" and will consider amending...Read More»
