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- Renesas sees full recovery by Oct., starts shipping chips in Aug.
Renesas Electronics, the world's biggest maker of automotive microcontrollers and a key bottleneck in Japan's parts shortage, aims to restore pre-earthquake output levels by October, with the first chips shipping to customers in August.
Переслать - Subaru Tribeca, Mazda6 on the chopping block, report says
Two U.S.-built Japan-brand vehicles may soon get the ax. The Subaru Tribeca SUV and Mazda6 mid-sized sedan will be discontinued as their manufacturers seek to improve the efficiency of U.S. assembly plants, a Japan newspaper says.Переслать - Dealers, execs remember a gentleman and a 'square shooter'
Dealers and industry leaders today remembered Robert Stempel as a true 'car guy' and a gentleman who took charge of General Motors during a tumultuous period in the early 1990s.Переслать - Former GM execs sue to recoup retirement benefits cut during bankruptcy
More than 100 former GM executives have sued the automaker in federal court to recover pension benefits reduced during the automaker's 2009 bankruptcy.Переслать - GM to invest $2 billion in 17 plants
GM said today that it will invest about $2 billion in 17 plants across eight states in the United States. 'We are doing this because we are confident about demand for our vehicles and the economy,' GM CEO Dan Akerson said in a statement.Переслать - Suzuki's 4th-quarter profit falls 81% after earthquake
Suzuki Motor reported an 81 percent decline in fourth-quarter profit following Japan's record earthquake.Переслать - Energy Conversion Devices CEO Morelli resigns
Mark Morelli announced his resignation today as CEO of Energy Conversion Devices Inc. as the alternative energy company's earnings continued in a tailspin.Переслать - VW picks Kaili as name for China JV brand with FAW
FAW-Volkswagen will build an electric vehicle for the partnership's newly created Kaili brand, according to the production plan submitted to China's Ministry of Industry and Information Technology.Переслать - Magna names new chairman to replace founder Stronach
Canadian auto supplier Magna International Inc. has named Mike Harris as its new chairman, replacing Frank Stronach, the founder of the Canadian auto parts company, who stepped down last week, a company spokeswoman said.Переслать - Chrysler's April global sales advance 20% amid gains outside U.S.
Chrysler Group said global automobile sales in April rose 20 percent from a year earlier as deliveries outside North America increased at a faster rate than in March. Sales outside of North America rose 8.7 percent to 13,053 in April.Переслать
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