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- E.U. may lose lead in clean vehicle race to U.S. and Asia, advocates warn
The European Union risks losing its climate leadership in the auto sector to aggressive U.S. and Asian manufacturers unless it sets ambitious targets for cutting vehicle emissions in 2020 and beyond, governments and environmentalists have warned.
Переслать - Electric-car revolution faces increasing headwinds
A string of setbacks and unfavorable news has led to questions about the readiness of electric cars and raises fresh doubts about a technology that has been around since the late 1890s but is still struggling to win over the public.Переслать - Chrysler turnaround was a gamble no other CEO would touch, Marchionne tells '60 Minutes'
Turning Chrysler around was a long shot that other CEOs wouldn't 'have touched with a 10-foot pole,' Fiat-Chrysler chief Sergio Marchionne declares in a '60 Minutes' interview airing Sunday on CBS television.Переслать - Dealership profits hit record, average $785,855 in 2011, NADA says
Average dealership profits in 2011 were the highest since the National Automobile Dealers Association began tracking the data in 1970. The average dealership made a record $785,855 in net pretax profit in 2011.Переслать - Ranks of coveted franchises grow as blue sky values climb
In the dealership acquisition market, the list of coveted franchises is expanding, and blue sky values are rising for the brands most in demand.Переслать - AutoNation Direct launches half-price promotion with eBay
AutoNation Direct, the online unit of the nation's largest dealership group, is selling new cars at half price through eBay Motors as part of its nationwide promotional launch.Переслать - Mazda to exit commercial vehicle market, report says
Mazda has decided to stop development and production of commercial vehicles in the second half of the decade as it faces dwindling domestic demand, the Nikkei reported.Переслать - Fisker aims to raise $100M in new funds, resume work on Delaware factory
Fisker Automotive is working to finish at least $100 million of fundraising for a total of about $1 billion of private money by the end of March, according to two people familiar with the matter.Переслать - Opel, Peugeot labor leaders forge alliance to protect jobs
Labor leaders from GM's European unit Opel-Vauxhall and France's PSA Peugeot will forge a strategic alliance aimed as a counterweight to the two companies' new partnership and ward off job cuts.Переслать - GM may close plants in UK and Germany, reports say
Opel managers will present a business plan next Wednesday to the unit's board that likely will involve closing two plants in Europe to reduce manufacturing capacity.Переслать
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