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Tesla Confirms Model X Production in Early 2015
6/17/2014Tesla Motors Inc. confirms it will begin making prototypes of its Model X electric crossover vehicle this autumn and launch production early next year.
Report: China-Built Volvos Heading for the U.S.
6/17/2014Volvo Car Corp. is preparing to ship Chinese-made sport sedans to the U.S. as soon as the end of next year, Automotive News China reports.
Volvo to Export Chinese-made Vehicles to U.S., Russia
6/17/2014Volvo Car Corp. and owner Zhejiang Geely Holding Group Co. plan to export Chinese-made vehicles to the U.S. and Russia as soon as the end of 2015, according to Automotive News China, which cites an unidentified Volvo executive.
Confidence in Germany’s Growth Slips Again
6/17/2014Expectations for economic growth in Germany dropped again in June, marking the sixth consecutive monthly decline, according to the ZEW Indicator of Economic Sentiment.
Europe’s Car Sales Rise 4% in May
6/17/2014Europeans bought 1.13 million vehicles last month compared with 1.09 million in May 2013, industry group ACEA reports.
Foreign Investment in China Drops to 16-Month Low
6/17/2014China reports a gain of $8.6 billion in foreign direct investment in May, down from $9.2 billion a year earlier.
Opel, Union Reach Accord on Bochum Plant Closure
6/17/2014Adam Opel AG says it has reached "binding and reliable" agreements with labor union IG Metall about severance payments to workers at its factory in Bochum, Germany.
GM Recall Tally: 43 Campaigns and 20 Million Vehicles So Far
6/17/2014General Motors Co. has announced 43 recalls involving more than 20 million vehicles since the beginning of 2014.
IMF Trims U.S. Growth Forecast
6/17/2014The International Monetary Fund, which predicted in April that the American economy would expand 2.8% this year, now expects growth of only 2%. The IMF notes that an unusually harsh winter weakened first-quarter results.
Report: Mazda, Nissan Likely to Expand Takata Airbag Recalls
6/16/2014Mazda and Nissan have been urged by Japanese safety officials to quickly determine whether they should expand last year's recall of vehicles equipped with airbag systems that could explode, Reuters reports.