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- Brutal discount wars erupt across Europe as sales sag
European automakers are offering unprecedented discounts and incentives in a brutal price war to try to lure the few consumers still buying cars in a deepening five-year sales slump.
Переслать - A123 to supply lithium ion batteries to BAE
A123 Systems signed a deal with BAE Systems to supply lithium ion battery packs to be used in buses as well as other commercial applications.Переслать - JCI lowers earnings outlook after 3rd-quarter profit jumps 17%
Johnson Controls said net income in the quarter that ended June 30 rose 17 percent to $417 million from $357 million but the nation's largest automotive supplier lowered its forecast for earnings in the fourth quarter because of "softness" in...Переслать - Rebound in California, Florida fuels AutoNation profit growth
AutoNation posted a 9 percent gain in net income for the second quarter and cited in part the recovery in auto sales in states such as California, Florida and Texas.Переслать - GM to build Chevy Trax compact crossover, pickups in Mexico
GM said Thursday it will build the Chevrolet Trax compact crossover and a new generation of big pickups at plants in Mexico.Переслать - Ford recalls 11,500 new Escapes to address engine-fire risk
Ford is recalling 11,500 new Escape SUVs with 1.6-liter engines in North America because engine compartment fuel lines can split and leak fuel, causing fires.Переслать - UAW loses 'equality of sacrifice' grievance against Ford
An arbitrator today dismissed the UAW's long-standing 'equality of sacrifice' grievance against Ford, ruling the company was not contractually obligated to roll back concessions with hourly workers at the same time it restored bonuses...Переслать - Renault-Nissan export plan masks Korean retreat
Faced with collapsing domestic sales at Korea's Renault Samsung Motors, Renault-Nissan CEO Carlos Ghosn plans to use a factory in the southern coastal city of Busan, Korea, to build Nissan's Rogue model for U.S. consumers.Переслать - VW mulls renewed bid for Malaysia's Proton, sources say
Volkswagen is considering launching a new bid for Malaysia's Proton as Europe's largest automaker aims to tap growing southeast Asian markets in its quest for global dominance, sources familiar with the matter said on Thursday.Переслать - China swoops down on GM pension plan's assets, report says
GM's underfunded pension plan has found a buyer for some of its private equity assets -- the Chinese government, which is willing to pay between $1.5 billion and $2 billion, the Financial Times reported on its website.Переслать
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