NEWS

CR Condemns the Jeep Cherokee as “Half-Baked”

2/12/2014

Consumer Reports has panned Chrysler Group's fast-selling 2014 Jeep Cherokee SUV for what it describes as a choppy ride, poor handling, unrefined 9-speed transmission and lackluster fuel economy.

BMW Sales Grew 8% in January

2/12/2014

BMW AG's group sales last month reached 132,900 units, up from 123,300 in January 2013, according to the company.

Opel to Expand Diesel Plant in Poland

2/12/2014

General Motors Co.'s Opel unit says it will invest €250 million to increase diesel engine capacity at its factory in Tychy, Poland.

Fiat Adds New Engines for 500L Minicar

2/11/2014

Fiat SpA is adding two 120-hp engines a gasoline and diesel unit for its 500L stretched minicar.

Mercedes Debuts All-New S-Class Coupe

2/11/2014

Daimler AG's Mercedes-Benz S-Class coupe will be publicly introduced next month at the Geneva auto show and go on sale in Europe in the second half of the year.

Canada Offers $500 Million to Lure Auto Investment

2/11/2014

Canada is adding C$500 million ($454 million) to an innovation fund intended to coax carmakers to invest in major R&D projects in the country, Bloomberg News reports.

U.S. Job Growth Disappoints

2/11/2014

The American economy added 113,000 jobs in January 19% of them in the manufacturing sector, according to the U.S.

GM Eases Terms for Future Purchasing Contracts

2/11/2014

General Motors Co. has clarified major changes in its contract template that suppliers say gave the company extraordinary authority to monitor their financial data, use their inventions and bill them indefinitely for recalls.

Michelin Earnings Drop 28%

2/11/2014

Michelin & Cie.'s net profit last year fell to €1.1 billion from nearly €1.6 billion in 2012 as revenue declined 6% to €20.2 billion.

GM Reports Record January Sales in China

2/11/2014

General Motors Co. and its partners sold a record 348,100 vehicles in China in January, up 12% from a year earlier.