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- Public dealer groups seen posting higher Q2 sales, profits
The outlook is good for strong sales and earnings for the publicly traded dealership groups when they report second-quarter results later this month, a Wells Fargo analyst said Tuesday.
Переслать - Recall repairs on 2002-2004 Ford Escapes questioned by safety advocate
The Center for Auto Safety has filed a petition with the National Highway Traffic Safety Administration asking the agency to investigate nearly 320,000 Ford Escapes that could have damaged cruise control cables stemming from recall repairs for an...Переслать - IAC opens joint venture carpet plant in China
International Automotive Components Group, a global supplier of automotive interior components, says it has opened a plant in Shenyang, China.Переслать - GM, Ally exit plan needed for U.S. Treasury, says government watchdog
Market conditions have slowed the Treasury's progress in selling stakes in General Motors and Ally Financial, its one-time consumer financing arm, but the Obama administration should develop a solid plan for doing so, a government watchdog told a...Переслать - Protean Electric gets $84M infusion to open first in-wheel motor plant
Protean Electric Inc., a suburban Detroit maker of in-wheel electric motors, said today that it has received an $84 million investment to open its first plant and begin producing the motors in China even though it has no customers.Переслать - Former dealer Martin Swig, thought to be auto mall inventor, dies at age 78
Former auto dealer and vintage car enthusiast Martin Swig -- thought to be the inventor of the modern auto mall -- died July 3 of a stroke at age 78 in his Sausalito, Calif., home.Переслать - Supplier CTS reports new business worth a possible $25 million
Supplier CTS said its automotive unit picked up three new production programs that could generate total revenue of $25 million. Two are for its electronic throttle control accelerator pedal modules, and one is for its pedal position sensors.Переслать - Chevy offers 60-day returns, sets no-haggle prices on 2012s
General Motors, in a move to appeal to new buyers, said today that it will allow consumers to return any new 2012 or 2013 model year Chevrolet for a full refund within 60 days, if they're unhappy with their purchase.Переслать - BMW will continue hybrid research venture after PSA exit
BMW says it intends to continue hybrid-vehicle research on its own as it holds talks with PSA about breaking up a joint venture.Переслать - Hyundai sued over Elantra fuel economy ad claims
Hyundai Motor has been sued for allegedly misleading consumers sensitive to high gas prices that its popular 2011 and 2012 Elantra model is more fuel efficient than it actually is.Переслать
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