NEWS

EU Delays Carbon Dioxide Standard Again

10/7/2013

The European Union has agreed to postpone a plan to require the region's new-vehicle fleet to cut carbon dioxide emissions to 95 g/km by 2020 from about 132 g/km in 2012.

Labor Deal Ends Latest Auto Strike in South Africa

10/7/2013

A month-old strike among auto parts suppliers in South Africa is over.

Schaeffler Replaces CEO Geissinger

10/7/2013

Bearings maker Schaeffler Group has replaced CEO Juergen Geissinger on an interim basis with its chief financial officer, Klaus Rosenfeld, who also will continue as CFO.

EPA: Many 2013 Cars Meet 2016 Fuel Economy Rules

10/7/2013

About one in four 2013 new cars surpass 2016 emissions and fuel economy standards, the U.S.

Renault to Add Assembly Plant in Algeria Next Year

10/7/2013

Renault SA is building a €50 million factory in Algeria that will begin assembling the New Symbol, a variant of the Clio small sedan, from kits in November 2014.

Callaway Plans Wagon Based on 2014 Corvette

10/7/2013

Connecticut-based tuner Callaway says it will begin production in January of a shooting brake version of the new Corvette Stingray dubbed the Callaway AeroWagon.

Renault Switches EV Gears, Goes Hybrid

10/7/2013

Renault says it will launch its first hybrid-electric model by 2020, thus changing course from an earlier strategy that focused exclusively on electric cars.

U.K. Car Sales Zoom to 66-Month High

10/4/2013

Registrations of new cars in the U.K. soared 12% year on year to 403,100 units in September, according to the Society of Motor Manufacturers and Traders.

Severstal Replaces U.S. Management Team

10/4/2013

Russian steelmaker OAO Severstal has replaced most of its North American senior management group over the past four weeks, Crain's Detroit Business reports.

VW to Build New Golf Plant in Brazil

10/4/2013

Volkswagen AG plans to open a €173 million plant in Parana, Brazil, in 2015 to build its seventh-generation Golf for the local market.