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- Green price war breaks out to spark interest in electrics
As the auto industry struggled to recover from the recession, it swore off the deep discounting that destroyed profits and led to disaster. Now, a price war has erupted in the industry's smallest segment: electric cars.
Переслать - Detroit's devotion to the car paved way for its undoing
The auto industry, which by 1950 made Detroit the fourth-largest U.S. city, produced decades of prosperity but also enabled the city's gradual destruction and depopulation, leading to last month's historic bankruptcy.Переслать - Automakers refuse to give up on millennials who don't buy
Young people are buying cars at a slower rate than their parents, restrained by mounting student loan debt, a rising cost of driving and an increasing reliance on biking and public transportation.Переслать - Musk awarded $4.3 million in Tesla shares for advance Model X work
Elon Musk, the billionaire co-founder of Tesla Motors, received $4.3 million in stock-based pay in the second quarter for work on the company's Model X SUV that Tesla directors determined will be completed later.Переслать - Magna posts 19% gain in profit, raises sales forecast
Canadian auto parts maker Magna International reported a 19 percent rise in second-quarter profit and lifted its sales forecast for the year, buoyed by increased vehicle production in North America.Переслать - Ford's Russian joint venture plans production, job cuts as market dips
Ford's Russian carmaking partnership with OAO Sollers is cutting production and jobs in response to a decline in the country's vehicle market.Переслать - Fatter discounts drive China auto sales up 11% in July
China's passenger-vehicle sales rose 11 percent in July as automakers increased production and dealerships stepped up discounts to clear inventory.Переслать - Honda launches campaign to help save America's drive-ins
Honda wants to save a bit of history -- hundreds of drive-in theaters that are imperiled by the costly switch to digital projection, estimated at $75,000 or more per screen -- as Hollywood says good bye to filmПереслать - Edmunds.com's Anwyl leaves as family succession plan plays out
Jeremy Anwyl, vice chairman and former CEO of car-shopping Web site Edmunds.com, has retired from the company. The move completes a succession plan that returns management of Edmunds back to the founding Steinlauf family.Переслать - Opel says export strategy is on track despite Australia setback
Opel said it will continue to seek new markets outside Europe despite pulling out of Australia a year after launching sales in the country.Переслать
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