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- Ford may cut lineup to as few as 20 nameplates, Mulally says
Ford Motor Co. may reduce its product lineup to as few as 20 nameplates, CEO Alan Mulally said.
Переслать - VW to cover maintenance costs for sludge-damaged engines under proposed settlement
Volkswagen has agreed to pay maintenance costs under a proposed settlement in a class-action lawsuit over sludge-damaged engines in 479,768 VW and Audi models.Переслать - GM-UAW 'squabble' over Cruze repairs is over, union boss says
A UAW-management détente at the Chevrolet Cruze assembly plant in Ohio has been restored following allegations that GM used outside workers to make factory repairs on the cars, union Local 1112 President Jim Graham said.Переслать - Chrysler fires 13 factory workers caught drinking on lunch break
Chrysler Group fired 13 workers at a Detroit assembly plant after a local television station report showed some of them drinking on their lunch breaks. Two other workers were also suspended for a month without pay, the automaker said.Переслать - Obama signs bill to lift limits to $5 million on U.S.-backed dealer loans
President Obama today signed legislation that will raise limits to $5 million on federally guaranteed loans available to thousands of small auto dealers as the administration attempts to loosen credit in a sputtering economy.Переслать - Dollar Thrifty rebuffs Avis offer again
Dollar Thrifty Automotive Group rejected Avis Budget Group's revised offer again saying it was not sure if Avis could close the deal, and urged its shareholders to vote for the lower Hertz Global Holdings offer.Переслать - VW's Winterkorn says overtaking Toyota will be tough
VW CEO Martin Winterkorn said his target for the company to overtake Toyota as the world's biggest automaker by 2018 will be tough and he aims to remain in his job to ensure continuity to reach the goal.Переслать - Buffett affirms support for China's BYD after stock fall
Billionaire Warren Buffett affirmed his support for BYD Co., saying the Chinese automaker part-owned by his Berkshire Hathaway Inc. holding company will be a leader in selling electric cars.Переслать - Europe grapples with capacity glut as U.S. carmakers slim down
Not a single European automobile plant closed during the recession, while 18 assembly factories have been shuttered in the U.S. since 2008. European governments prevented the biggest automakers from firing workers and used subsidies to prop up sales.Переслать - Hyundai to recall Sonata sedans in U.S. over steering
Hyundai Motor Co. will recall about 139,500 cars in the U.S. because of steering issues that could result in a loss of or reduction in maneuvering capability, the U.S. National Highway Traffic Safety Administration said.Переслать
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