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U.S. Car Sales Rise 8%
5/1/2014A 13% jump in sales of light-duty trucks drove passenger vehicle volume in the U.S. to 1.39 million in April from 1.29 million a year ago, Autodata Corp. reports.
Ford Confirms Fields as President, Next CEO
5/1/2014Ford Motor Co. has chosen Mark Fields, currently its chief operating officer, to become president and to succeed Alan Mulally as CEO.
DOE Launches Hydrogen Fueling Station Program
5/1/2014The U.S. Dept. of Energy has announced its first project under the government-business initiative dubbed H2USA that was formed last year to speed the commercial adoption of fuel-cell-powered vehicles.
CLEPA Chief Quits
5/1/2014Jean-Marc Gales, who has served as CEO of European supplier group CLEPA for two years, has suddenly stepped down.
Fed Holds Rates,Trims Bond Purchases Again
5/1/2014The U.S. Federal Reserve has again reduced its monthly bond-buying stimulus program by $10 billion.
Google’s Self-Driving Car Moves to City Streets
5/1/2014Google Inc. says it has shifted tests of its autonomous car technology from relatively straightforward expressways to more complex city streets.
VW Extends Scania Stock Offer
5/1/2014Volkswagen AG failed to gain 90% of shares in truckmaker Scania AB by its April 25 deadline but is confident it will succeed by extending the takeover bid to May 16.
Former Visteon CEO to Head Superior Industries
4/30/2014Donald Stebbins, who was ousted as CEO of Visteon Corp. in 2012, has been named CEO of California-based wheelmaker Superior Industries International Inc.
U.S. Final Loss on GM Bailout: $11.2 Billion
4/30/2014A new analysis says the American government lost $11.2 billion on the $50 billion it invested to bail out General Motors Co. in 2009.
Bosch Expects 3%-5% Sales Growth This Year
4/30/2014Robert Bosch GmbH says gains in all business sectors resulted in sales growth of about 10% in January-March, including the effect of favorable exchange rates.