NEWS

European Brands Lose Market Share in U.S.

11/1/2013

America's car and light-truck market grew 11% to 1.21 million units in October, according to Autodata Corp.

U.S. Car Sales Up 11% as Domestics Gain Share

11/1/2013

The U.S. light-vehicle market grew to 1.21 million units in October from 1.09 million a year earlier, pushed by double-digit hikes in sales by the Detroit Big Three carmakers.

Nissan Trims Outlook, Restructures Top Management

11/1/2013

Nissan Motor Co. has reduced its profit forecast 15% to 355 billion yen ($3.6 billion) for the current fiscal year ending next March 31, citing weak demand in Europe, Indonesia and Thailand.

Network Operator Touts “Smart” EV Charging Stations

11/1/2013

Miami-based CarCharging Group Inc., which describes itself as America's largest operator of electric vehicle charging stations, says it will seek a patent for a system that can manage multiple EV hookups to a single power source.

Daimler Ponders More Models for Alabama Plant

11/1/2013

Daimler AG might add a third model at its factory in Tuscaloosa, Ala., to help bolster sales and profitability in North America.

Daimler Could Add a Second Car Model at U.S. Factory

11/1/2013

Chief Financial Officer Bodo Uebber says Daimler AG might expand operations at its SUV factory in the U.S. to include more models.

Marchionne Vows New 5-Year Plan for Fiat

11/1/2013

Fiat-Chrysler CEO Sergio Marchionne says he is working on a new five-year strategy for Fiat SpA that includes another effort to revive the company's ailing Alfa Romeo brand.

Europe’s Jobless Level Hits Record High

11/1/2013

The number of unemployed workers in the eurozone rose by 60,000 to a record 19.45 million in September, according to Eurostat.

N. American Auto Industry Faces Tooling Shortage

11/1/2013

By 2018 the capacity of so-called vendor tooling suppliers in North American will be 64% short of local demand, according to Harbour Results Inc.

Nissan to Recall 256,600 Minivans in Japan

11/1/2013

Nissan Motor Corp. plans to recall its Serena minivan and Suzuki Landy variant in Japan to fix a problem that can cause the engine to stall in cold weather.