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GM Finance Executive Joins Navistar as CFO
6/28/2013Navistar International Corp. has hired Walter Borst, General Motors Co.'s chief investment officer, to become its CFO on Aug. 1.
Alliance Synergies Boost Savings 54% at Renault-Nissan
6/28/2013Renault SA and Nissan Motor Co. report that cost savings from their alliance reached a record €2.7 billion ($3.5 billion) in 2012 compared with €1.8 billion ($2.3 billion) the previous year.
Heat Wave Forces Ford to Idle Russia Plant
6/28/2013Ford Motor Co. canceled the evening shift at its assembly plant in St.
Peugeot Family Urges GM to Boost Its PSA Stake
6/28/2013The Peugeot family, which owns a 38.1% voting stake in PSA Peugeot Citroen, has offered to give up control to alliance partner General Motors Co. in exchange for a capital infusion for PSA, according to news reports.
Peugeot Family Urges GM to Boost Its PSA Stake
6/28/2013The Peugeot family, which owns a 38.1% voting stake in PSA Peugeot Citroen, has offered to give up control to alliance partner General Motors Co. in exchange for a capital infusion for PSA, according to news reports.
Daimler Will Outsource Software for Driver Assist Systems
6/28/2013Daimler AG is turning over all software engineering for the company's driver assist features to Elektrobit Corp., the Finish company it has partnered with over the past four years.
Developer Claims Breakthrough in Hydrogen Storage
6/28/2013A Japanese research company says the liquid it is developing can store hydrogen at room temperature at 500 times the concentration of gaseous hydrogen, The Nikkei reports.
When Driving is Better Than Flying
6/28/2013European researchers say driving a long distance solo has the same environmental impact as making the trip by plane.
GM to Invest $691 Million in Mexico Operations
6/27/2013General Motors Co. says it is spending $691 million in Mexico to expand transmission and vehicle production capacity there part of a $900 million investment plan the company announced two years ago.
Ford Chairman Nearly Doubles Holding of Class B Stock
6/27/2013Chairman Bill Ford Jr. reports that last week he purchased 3.7 million of Ford Motor Co.'s Class B shares, the family-held stock that conveys 36 times the voting rights as the company's common stock.