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- Volvo's operating profit slumps in 2012
Volvo aims to break even on an operating level this year without help from one-off gains that kept the carmaker in the black in 2012. Volvo's operating profit fell to $2.76 million in 2012.
Переслать - GM, PSA study alliance on vans outside Europe, report says
General Motors and PSA are studying an alliance to sell large commercial vans outside of Europe, a French newspaper said.Переслать - U.S. consumer watchdog expands probe into auto financing, report says
The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products such as extended warranties, the Wall Street Journal reported, citing people...Переслать - Audi's $1.3 billion Mexico SUV plant aimed at unseating BMW
Audi executives this weekend plan to break ground on a $1.3 billion factory in Mexico with a capacity of some 150,000 cars a year. The plant will be instrumental in Audi's push to topple BMW Group as the world's top-selling premium automaker.Переслать - ADESA parent KAR's Q1 profit rose 12% to $29 million
KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.Переслать - Flex-N-Gate workers in Texas vote to join UAW
Hourly workers at a Flex-N-Gate plant in Arlington, Texas, voted to join the UAW on Wednesday. Of the 73 employees eligible to vote, 51 voted in favor of union representation and 22 opposed, the National Labor Relations Board said today.Переслать - GM's Q1 net falls 14% on N.A. decline
General Motors' first quarter net profit dropped 14 percent, to $865 million, as profit in North America slipped and losses in Europe narrowed.Переслать - GM to buy historic Durant-Dort buildings in Flint, Mich.
General Motors has agreed to buy the original Durant-Dort Carriage Company factory in Flint, Mich., a site GM North America President Mark Reuss calls "the birthplace of GM."Переслать - Alcoa plans to expand Tenn. plant to meet automotive demand
Alcoa, the nation's largest aluminum producer, will expand a plant in Tennessee to meet increasing demand for the lightweight metal in cars and trucks.Переслать - Honda plans $470 million transmission plant in Mexico
Honda plans to build a $470 million factory in Celaya, Mexico, to assemble continuously variable transmissions.Переслать
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