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- Tesla's fourth-quarter loss widens to $81.5 million
Tesla Motors said its fourth-quarter net loss widened to $81.5 million as electric Roadster sales end ahead of the release of Model S sedans.
Переслать - GM to phase out salaried pensions, shift workers to 401(k) plan
GM said it will phase out its pension plan for salaried workers as a way to reduce the risk to its balance sheet. About 70 percent of GM's 26,000 salaried U.S. workers are enrolled in a defined-benefit, or traditional, pension plan.Переслать - Lexus reclaims U.S. dependability title as industry builds better vehicles
Lexus reclaimed its title as the most-dependable brand in the United States as the industry continued to build better vehicles. Lexus owners reported the fewest problems of any brand after three years -- 86 per 100, according to J.D.Переслать - Penske earnings rise 67% in Q4 as sales grow
Penske Automotive Group today said it posted a 67 percent gain in fourth-quarter net income on an 11 percent sales rise.Переслать - Ford F-150 pickup clone to be unveiled by China's JAC
China's Jianghuai Automobile plans to unveil a pickup at the Beijing auto show in April that adopts many of the exterior design details of the Ford F-150, The Detroit News reports.Переслать - Opel losses hurt GM's U.S. profit, upset investors
GM CEO Dan Akerson, having decided to keep the company's German Opel unit, will come under greater pressure to cut production and employees in Europe as losses continue to pile up.Переслать - Romney says Obama bailout hurt auto industry more than helped
President Barack Obama used the federal bailout of GM and Chrysler to enrich union supporters, and that action marred the industry's recovery, Republican presidential candidate Mitt Romney said today in an op-ed column in The Detroit News.Переслать - KBB taps AutoTrader exec as new president
Jared Rowe, vice president of product management for AutoTrader.com, has been named president of Kelley Blue Book, succeeding Paul Johnson, who resigned Tuesday.Переслать - BASF buys Ovonic Battery for $58M as parent files for Ch. 11
German chemical company BASF has acquired Ovonic Battery Co., a wholly owned subsidiary of EV battery maker Energy Conversion Devices.Переслать - Ford says hybrid-system gains give Fusion edge over Toyota Camry
Ford said its pace of technology is accelerating to allow its new Fusion to top Toyota's Camry hybrid when it goes on sale later this year.Переслать
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