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- China's BYD to put U.S. electric car headquarters in Los Angeles
BYD Co., the Chinese maker of autos and batteries that's backed by billionaire Warren Buffett, is locating its North American headquarters in downtown Los Angeles as the company prepares to sell electric cars in the United States.
Переслать - Chrysler wins first arbitration case against a rejected dealer
In results from the first arbitration case among hundreds to come, Chrysler Group prevailed today over an Ohio dealership that was seeking reinstatement without legal representation.
Переслать - American Axle posts Q1 profit on cost cuts, sales gains
American Axle and Manufacturing Holdings Inc. posted a quarterly profit today, aided by cost cuts, higher auto production and increased growth in Asia. American Axle reported net income of $16.3 million, compared with a year-earlier loss of $32.
Переслать - Lawmakers seek tougher auto safety standards
U.S. auto regulators would be required to establish minimum standards to prevent unintended acceleration and carmakers would pay substantially higher fines for withholding safety information from the government, according to draft legislation.
Переслать - Visteon seeks to block competing reorganization plans
Bankrupt auto-parts maker Visteon Corp. asked a court to prevent competing plans of reorganization from being proposed during what it says may be final talks with creditors, according to a court filing.
Переслать - Visteon reports Q1 net income up sharply at $233 million
Visteon Corp., which has been mired in Chapter 11 bankruptcy proceedings since last June, said today it posted a $233 million during the first quarter compared with $2 million gain during the same quarter last year.
Переслать - GM scraps plan to sell seven-seat Chevrolet Orlando in the U.S.
General Motors Co. said it dropped a plan to sell the seven-seat Chevrolet Orlando crossover in the U.S. and will concentrate on existing models at its biggest division.
Переслать - Hyundai-Kia finance unit names new U.S. president
Michael Buckingham has stepped down as president of Hyundai Capital America, the captive finance company for Hyundai Motor America and Kia Motors America. Buckingham, 53, had been in the job since 2002.
Переслать - Penske Q1 profits rise 25% to $20.4 million
Penske Automotive Group Inc. today reported a 25.1 percent rise in first-quarter net income based on higher vehicle sales as part of a slowly rebounding auto industry. Penske, the No. 2 U.S.-based auto dealership group, said net income rose to $20.
Переслать - U.S. has 'reasonable chance' of recouping aid to GM, Chrysler, Geithner says
U.S. Treasury Secretary Timothy Geithner said taxpayers were still at risk of losses on investments in General Motors Co. and Chrysler Group, but there was a "reasonable chance" that aid to the companies may be recouped.
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