NEWS

Nissan to Open Assembly Plant in Myanmar

9/16/2013

Nissan Motor Co. is set to open an assembly facility in Myanmar by year-end, The Nikkei reports.

Ford of Europe Names New COO

9/16/2013

Barb Samardzich, currently vice president of product development for Ford of Europe, will take over as the unit's chief operating officer on Nov. 1.

Ford Powertrain Chief to Head European Product Development

9/16/2013

Ford Motor Co. has appointed Robert Fascetti, who has headed the company's global engine engineering since April 2011, to become head of global powertrain engineering on Nov. 1.

Arbitrator Blocks Part of Cooper Tire Sale to Apollo

9/16/2013

An arbitrator has blocked Cooper Tire and Rubber Co. from including two U.S. factories in a planned $2.5 billion sale of the company to India's Apollo Tyres Ltd.

Marchionne: Chrysler IPO Would Delay Merger with Fiat

9/16/2013

An initial public offering by the retiree healthcare trust that owns 41.5% of Chrysler Group LLC would delay the company's planned merger with Fiat SpA, says Sergio Marchionne, the CEO of both companies.

Kia, Union Reach Agreement

9/13/2013

Union workers at Kia Motors Corp. have approved a new pay agreement, thus ending a three-week strike that cost the company 23,300 units of delayed output, Bloomberg News reports.

U.S. Rolls Out Fuel Economy Stickers for Used Cars

9/13/2013

Americans trying to sell a used car can now print out an official government fuel economy sticker for their vehicle.

Report: Fiat Must Pay Top Price to Buy Chrysler

9/13/2013

Fiat SpA must spend more than €3.8 billion to acquire the 41.5% of Chrysler Group LLC it doesn't already own, according to Reuters.

Researchers Tout Hybrid-Natural Gas Diesel

9/13/2013

Swiss scientists say their hybridized natural gas-fueled diesel system can reach efficiencies of nearly 40% and cut carbon dioxide emissions as low as 43 g/km.

Chrysler Buyout to Cost Fiat More than $5 Billion

9/12/2013

Fiat SpA is being forced to spend more than $5 billion to acquire the 41.5% of Chrysler Group LLC it doesn't already own, Reuters reports.