NEWS

Chrysler Names Harlow to Head NAFTA Manufacturing

10/8/2014

Brian Harlow (right) Chrysler Group LLC has appointed Brian Harlow vice president and head of NAFTA manufacturing.

Used-Car Prices Fall in U.S. as Supplies Grow

10/8/2014

A flood of cars and trucks with expiring leases are pouring into the American used-car market, pushing down prices and hiking inventories, The Detroit News reports.

Tesla Developing Used-Car Plan for Its Electric Vehicles

10/8/2014

Tesla Motors Inc. is preparing a certified used-car program for its $72,000 Model S electric sedans that could generate more profit per sale than the company makes on new models, Automotive News reports.

Chengshan to Buy Out Cooper Tire Venture in China

10/8/2014

China's Chengshan Group Co. Ltd. will pay $285 million to buy out partner Cooper Tire & Rubber Co. and take control of their tiremaking venture in Shandong, the Financial Times reports.

Johnson Matthey Buys A123’s Cathode Material Production Plant

10/8/2014

London-based Johnson Matthey plc has taken over production of the nanophosphate cathode material developed by bankrupt A123 Systems Inc.

Mercedes-Benz Posts Best Sales Month Ever

10/8/2014

Daimler AG's Mercedes-Benz unit sold 162,700 vehicles last month, up 14% from September 2013.

Tesla PR Chief Moves to Aston Martin

10/8/2014

Simon Sproule, who took over as communications chief at American electric car maker Tesla Motors Inc. in April, has been hired as global marketing and communications head at Aston Martin Lagonda Ltd.

Used-Car Prices Fall in U.S. as Supplies Grow

10/7/2014

A flood of cars and trucks with expiring leases are pouring into the American used-car market, pushing down prices and hiking inventories, The Detroit News reports.

Mahindra Takes Majority Stake in PSA Scooter Unit

10/7/2014

India's Mahindra & Mahindra Ltd. has invested $35 million to acquire 51% of PSA Peugeot Citroen's scooter division.

Chrysler Recalls Vans to Fix Airbag Deployment Problem

10/7/2014

Chrysler Group LLC is calling back 22,100 Ram C/V Tradesman commercial vans whose side airbags may be triggered when the vehicle hits a pothole.