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PSA, Dongfeng Plan Fourth Car Plant in China
7/7/2014PSA Peugeot Citroen and its 14% owner Dongfeng Motor Corp. intend to open a new auto plant in Chengdu, China, in late 2016 that eventually will produce as many as 300,000 vehicles per year.
Next-Generation Mazda Miata Debut Set for September
7/7/2014Mazda Motor Corp. says it will officially unveil the fourth-generation MX-5 Miata sports car on Sept. 3 during simultaneous events in Spain, Japan and the U.S.
Average License Plate Price in Shanghai: $11,900
7/7/2014The city of Shanghai allocated another 7,400 license plates for private owners in June at an average bid price of 73,900 yuan ($11,900) each, the Shanghai Daily reports.
Tata Motors Shareholders Reject Executive Pay Levels
7/7/2014Shareholders of struggling Tata Motors Ltd. have rejected salary levels for three top directors because of the company's pretax loss in the fiscal year ended March 31.
Brabus to Make Version of Mercedes S-Class LImo
7/7/2014Brabus GmbH, the German high-performance Mercedes-Benz tuner, will produce a special version of Daimler AG's top-of-the-line S-Class Pullman limousine, Automobilwoche reports.
Ford CEO Fields Eligible for 33% Raise
7/7/2014Mark Fields, who succeeded Alan Mulally as CEO at Ford Motor Co. on July 1, could receive nearly $5.3 million in direct compensation this year one-third more than he was eligible for as COO last year, according to a regulatory filing.
Chrysler’s Hellcat V-8 Rated at 707 hp
7/7/2014Chrysler Group LLC says the output of its new supercharged 6.2-liter Hemi V-8 Hellcat engine has been certified at 707 hp and 650 lb-ft of torque.
Car Sales in Turkey Fall 19%
7/7/2014Sales of passenger cars and light commercial vehicles in Turkey fell 19% to 60,200 units in June from 74,100 units a year earlier, reports the country's Automotive Distribution Assn.
Fiat Revises First-Quarter Loss
7/7/2014Fiat SpA says accounting changes related to its acquisition of Chrysler Group LLC have reduced its first-quarter net loss to €173 million from the €319 million it reported originally.
BMW, GM Suspend Production in South Africa
7/7/2014BMW AG and General Motors Co. say they have halted production in South Africa after protests by striking workers at parts suppliers turned violent.