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UAW Trust Raises $171 Million from GM Warrant Sale
8/7/2013The United Auto Workers union's retiree health care has garnered $171 million from the previously announced sale of its entire holding of 45.4 million General Motors Co. stock warrants.
Fiat to Debut Nine Models in India Over Three Years
8/7/2013Fiat-Chrysler aims to double its market share in India which is currently less than 1% every year through 2016.
Honda May Build New Plant in Brazil
8/7/2013Honda Motor Co. plans to erect a 1 billion-real ($435 million) assembly facility in Brazil that would begin making compact cars in 2015, Estado de Sao Paulo reports.
Bosch Clutch Eliminates Stalling for Manual Gearbox
8/7/2013Robert Bosch GmbH says its new eClutch eliminates two familiar problems in cars equipped with manual transmissions: the possibility of stalling the engine during startup or when coming to a stop.
U.S. Trade Gap Narrows 22%
8/7/2013America's trade deficit shrank to $34.2 billion in June from $44.1 billion a year earlier, according to the Dept. of Commerce.
Carmaker Group Boost U.K. Sales Outlook
8/6/2013Car registrations in the U.K. will grow 8% to 2.22 million vehicles this year, the Society of Motor Manufacturers and Traders predicts.
Hyundai, Kia Labor Talks Stall
8/6/2013Union negotiators have walked out of contract talks with Hyundai Motor Co. and affiliate Kia Motors Corp., complaining that the companies aren't serious about reaching a new one-year agreement.
Fiat-Chrysler to Continue Shunning EVs
8/6/2013Fiat-Chrysler won't invest in hybrids or electric vehicles until consumer are willing to pay for the advanced technology, according to the alliance's global powertrain chief Bob Lee.
Fiat-Chrysler Will Continue to Shun EVs
8/6/2013Fiat-Chrysler won't invest in hybrids or electric vehicles until consumer are willing to pay for the advanced technology, according to the alliance's global powertrain chief Bob Lee.
U.S. Fleet Age Hits Record 11.4 Years
8/6/2013The average age of cars and light trucks on the road in America has inched up to a record 11.4 years, according to R.L.