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Germany Wins Delay on EU CO2 Targets
10/15/2013Germany appears to have convinced Europe's 28 environment ministers to give carmakers more time to comply with a plan to limit carbon dioxide emissions to 95 g/km by 2020 from 130 g/km currently.
Trust Values Its Stake in Chrysler at €2.7 Billion
10/15/2013The union retiree healthcare trust that owns 41.5% of Chrysler Group LLC estimates that its stake surged in value by one-third to $3.6 billion (€2.7 billion) between the beginning of 2011 and end of 2012, Reuters reports.
Ford to Add Edge Production in Russia
10/15/2013Ford Motor Co. and its Moscow-based partner OJSC Sollers will begin producing the Ford Edge crossover at their factory in Tatarstan, Russia, early next year.
Mazda Employs CNC Machines to Cut Engine Production Cost
10/14/2013Mazda Motor Corp. is saving time, money and complexity by using relatively simple computer numeric control machining to mill blocks for its new line of Skyactiv engines, WardsAuto.com reports.
Trust Values Its 41.5% Stake in Chrysler at $3.6 Billion
10/14/2013The union retiree healthcare trust that owns 41.5% of Chrysler Group LLC estimates that its stake surged in value by one-third to $3.6 billion (€2.7 billion) from 2011 to 2012, Reuters reports.
Hankook Plans $800 Million Tire Plant in U.S.
10/14/2013South Korea's Hankook Tire Co. plans to open an $800 million plant in Tennessee that will have capacity to make 11 million passenger vehicle tires per year when it opens in 2016.
U.S. Sells Another $570 Million of GM Stock
10/14/2013The U.S. Dept. of the Treasury says it reduced its holding in General Motors Co. by $570 million in September.
Toyota Touts Next-Generation Safety Features
10/14/2013Toyota Motor Corp. is preparing to catch up with its competitors with an array of electronic safety systems intended to help prevent crashes, Automotive News reports.
Honda Accord Hybrid Eschews the Transmission
10/14/2013The 2014 Honda Accord Hybrid forgoes a transmission in favor of a direct linkage to the wheels, Green Car Reports notes.
Dongfeng, French Government to Take Stakes in PSA?
10/14/2013PSA Peugeot Citroen aims to finalize a plan this year to raise €3 billion ($4.1 billion) by selling equal 20%-30% stakes in itself to the Chinese partner Dongfeng Motor Group Co. and the French government, Reuters says.