Latest news on ‘Automotive’
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GM’s Whitacre Says He Will Be Replaced as CEO by Dan Akerson
Bloomberg – General Motors Co. Chief Executive Officer Ed Whitacre said on a conference call he’s stepping down as CEO on Sept. 1 and will be replaced by director Dan [...]
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GM results to show gain over first quarter
NEW YORK/DETROIT (Reuters) – General Motors Co (GM.UL) is preparing to report second-quarter results that will show a substantial gain over the first quarter in a report it will use [...]
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Honda Recalls 383,000 Vehicles On Rollaway Concern
DETROIT—Honda Motor Co. is recalling 197,000 Accord and 117,000 Civic sedans as well as 69,000 Element sport-utility vehicles from the 2003 and 2004 model years in the U.S. to fix [...]
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Troubled Toyota starts world recall for engine fix
TOKYO (AP) — Toyota started a global recall over engine defects in its Lexus and Crown models, moving Monday to repair nearly 92,000 vehicles in Japan over the latest trouble [...]
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Japanese auto-maker shares track U.S. sales data
TOKYO (MarketWatch) – U.S. auto sales for June revealed the disappointing performances of some Japanese car makers, whose shares lagged the broader market in Friday’s trading.
According to figures from Autodata, [...] -
Tesla increases size of IPO by 20 percent
SAN FRANCISCO (Reuters) – Electric carmaker Tesla Motors (Nasdaq:TSLA – News) raised the number of shares it will sell in its initial public offering by 20 percent, an early sign [...]
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Chrysler to Recall More Than 683,000 Vehicles
By JEFF BENNETT
DETROIT—Chrysler Group LLC confirmed Monday it is voluntarily recalling more than 683,000 Jeep Wranglers and minivans world-wide over brake-line and sliding-power-door issues.
The auto maker said the recall affects [...] -
G.M. Auto Sales Rose 16.6% in May
DETROIT — May was another positive step for the auto industry, with all major carmakers expected to report that sales in the United States increased from a year earlier, but [...]
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Honda to Raise Wages for Striking Workers at Chinese Factory
(Bloomberg) – Honda Motor Co., Japan’s second- biggest automaker, will raise workers’ monthly wages after a parts factory strike shut down almost all Chinese production.
The workers will receive a 24 [...] -
Toyota’s investment to help Tesla IPO: analyst
NEW YORK (MarketWatch) – Toyota’s $50 million investment in electric car start-up Tesla Motors Inc. will help Tesla’s already-bright prospect for its initial public offering, an IPO analyst said Friday.
John [...]

