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- Smith Electric Vehicles sees IPO of 4.45 million shares at $16 to $18 apiece
Smith Electric Vehicles Corp., which makes emission-free electric vehicles, said it expected to sell 4.45 million shares at between $16 and $18 in its initial public offering. The company will sell 4.
Переслать - Average fuel economy of new models sold rose in August
The average fuel economy of new vehicles sold in the United States in August rose for the first time in five months, University of Michigan researchers say. Vehicles sold in August had an average fuel economy of 23.Переслать - Mulally: Automakers coming to grips with European plant surplus
Ford and other automakers in Europe are coming to grips with the need to reduce factory capacity as car sales collapse in the region, CEO Alan Mulally said.Переслать - Penske buys Hertz locations in Memphis; broader plan possible
Penske Automotive Group, the nation's second-largest dealership group, has signed an agreement with Hertz to become the sole franchise operator of Hertz rental locations in the Memphis, Tenn.Переслать - Ford sees 'Mondeo Men' comeback with help from Aston Martin
For decades, Ford's Mondeo was the company car of choice in Europe. Roomy, comfortable and conservative, it was the perfect set of wheels for mid-level executives, who became known as 'Mondeo Men.'Переслать - GM needs to dump Opel, Morgan Stanley says
Selling or otherwise divesting its money-losing Opel unit in Europe is General Motors' best option, a Wall Street analyst said today.Переслать - Mich. dealer gives employees 'thank you' checks after selling business
Longtime Michigan auto dealer Howard Cooper surprised his employees with $1,000 checks for each year of service after announcing his retirement and selling his dealership this month.Переслать - Renault, Ghosn give Pope a new green ride
Pope Benedict will be able to limit his impact on the environment as he travels around his summer residence at Castel Gandolfo thanks to a new custom-made electric vehicle donated by French car maker Renault.Переслать - Ford will add 2 SUVs, Mustang to Europe lineup; new Transit vans coming to U.S.
Ford will launch two new SUV/crossover models and the Mustang in Europe as part of a product offensive to counter slumping sales in the region.Переслать - Nissan executive says China sales hurt by tensions with Japan
Nissan, the biggest Japanese automaker by sales in China, said deliveries in the country have been affected as it cut back on marketing events in the wake of violent anti-Japan demonstrations last month.Переслать
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