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JCI Names Molinari as CEO
7/24/2013Alex Molinari, vice chairman of Johnson Controls Inc., has been appointed as the company's president and CEO, effective Oct. 1.
Americans Drive Less, Own Fewer Vehicles
7/24/2013The number of cars and light trucks on the road in the U.S. and the average distance they travel has been shrinking for a decade, according to the University of Michigan Transportation Research Institute.
Ford Earnings Jump 19% in Second Quarter
7/24/2013Ford Motor Co.'s net profit climbed to $1.2 billion in the second quarter of 2013 from $1 billion a year earlier, propelled by record earnings in Asia Pacific and North America.
Ford Nets €910 Million As European Loss Shrinks
7/24/2013Ford Motor Co.'s net profit climbed 19% to $1.2 billion (€910 million) in the second quarter of 2013, propelled by record earnings in Asia Pacific and North America.
Ford Nets $1.2 Billion in Second Quarter
7/24/2013Ford Motor Co.'s net profit climbed 19% to $1.2 billion in the second quarter of 2013, propelled by record earnings in Asia Pacific and North America.
Vehicle Sales Growth Slows in S. Africa
7/24/2013Car and truck sales in South Africa will expand only 4.5% to 652,000 units this year half the growth rate of 2012, predicts the National Assn. of Automobile Manufacturers of South Africa.
Ford, Toyota Abandon Hybrid Co-Development Plan
7/24/2013Ford Motor Co. and Toyota Motor Corp. have canceled plans to collaborate on hybrid powertrain technology for light trucks and SUVs.
Hyundai Could Boost Capacity in Turkey, Again
7/24/2013Turkey's Hyundai Assan Otomotiv AS expects to complete a $600 million project by September that will expand capacity at its factory in Izmit, Turkey, by 60% to 200,000 units.
Toyota, Ford Abandon Hybrid Co-Development
7/24/2013Ford Motor Co. and Toyota Motor Corp. have canceled plans to collaborate on hybrid powertrain technology for light trucks and SUVs.
Fiat-Chrysler Might Base Company in Netherlands
7/24/2013Fiat-Chrysler CEO Sergio Marchionne tells Reuters it is "possible" the Italian and American carmakers would make their headquarters in the Netherlands after they complete their merger.