Latest news on ‘Automotive’
-
GM Generates $1 Billion in Cash After Bankruptcy Exit
(Bloomberg) — General Motors Co. generated $1 billion in cash last year after leaving bankruptcy in July as Chief Executive Officer Ed Whitacre cut half of the U.S. brands and [...]
-
Toyota faces civil penalty of $16 million
Business Journal – The National Highway Traffic Safety Administration will seek a civil penalty of nearly $16.4 million against Toyota Motor Corp. for failing to notify the agency of a [...]
-
Renault/Nissan to partner with Daimler
DETROIT – Renault SA and Nissan Motor Co. are expected to announce a parts-sharing and research alliance with German automaker Daimler AG as early as this week, according to a [...]
-
GM’s March Sales Rose 43%
General Motors Co. on Thursday said March sales rose 43%.
GM said sales of Chevrolet, Cadillac and GMC rose 41%, 42% and 45%, respectively. Buick sales increased 76%. Part of the [...] -
Nissan’s electric car to cost less than $32K in US
NEW YORK (AP) — Nissan Motor Co. says its Leaf electric car will cost $32,780 when it goes on sale in the U.S. at the end of the year, an [...]
-
With Geely Automobiles in the driver’s seat, what’s ahead for Volvo?
By David Pierson
Reporting from Beijing – For a carmaker whose success is owed to its cheap compact vehicles, China’s Geely Automobiles always seemed to operate with outsized ambitions.
Its plucky chairman, [...] -
Nissan, McLaren, Ford Plan 2 Billion Pounds in U.K. Investments
(Bloomberg) — Britain’s auto industry won investment pledges of 2 billion pounds ($3.1 billion) as Nissan Motor Co. and McLaren Automotive Ltd. announced plans for new cars and the government [...]
-
Brake concern prompts Honda to recall 400,000 vehicles
Honda Motor Co. Ltd. is recalling more than 400,000 Odyssey and Element vehicles after complaints about a potential problem with the brake pedals.
The Japanese automaker’s American Honda Motor Co. subsidiary [...] -
Watchdog: GMAC bailout could cost taxpayers $6.3B
WASHINGTON (AP) — The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost [...]
-
Toyota Reviewing U.S. Report of Prius With Stuck Gas Pedal
By Jeff Plungis and Alan Ohnsman (Bloomberg) – Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced millions of vehicle recalls, will investigate a report [...]
