NEWS

Schaeffler Might Go Public Next Year

4/26/2013

Germany's Schaeffler AG is exploring the possibility of holding an initial public offering next year, Bloomberg News reports.

Fiat Unlikely to Get Chrysler Stake at Low Price

4/26/2013

A Delaware state judge says he is "leaning" toward the claim of a union-run retiree healthcare trust that its Chrysler Group LLC shares are worth considerably more than Fiat SpA is offering for them.

Geely, Detroit Electric to Develop EV Sedan

4/26/2013

Geely Automobile Holdings Ltd. and Detroit Electric Inc. have agreed to develop an electric version of Geely's Emgrand EC7 sedan and introduce it in China a year from now.

Geely, Detroit Electric to Develop EV for China

4/26/2013

Geely Automobile Holdings Ltd. and Detroit Electric Holdings Ltd. have agreed to develop an electric version of Geely's Emgrand EC7 sedan and introduce it in China a year from now.

Study: Many Teens Think Smoking Pot Improves Their Driving

4/26/2013

A poll of teenage drivers in the U.S. finds that one-third of those who drive under the influence of marijuana believe the drug improves their skills.

Lear Earnings Slid 19% Despite 8% Sales Gain

4/26/2013

Lear Corp. net profit dropped to $109 million in the first quarter of this year from $134 million in the same period of 2012.

Hyundai Boosts Performance of Sonata Hybrid Powertrain

4/26/2013

The hybrid drive offered in Hyundai Motor Co.'s 2013 Sonata sedan is equipped with a 35-kW motor that is 17% more powerful than last year's unit.

Volvo Flywheel System Cuts Fuel Consumption 25%

4/25/2013

Volvo Car Group says its kinetic flywheel system gives a turbocharged four-cylinder engine the acceleration of a six-cylinder turbo but with 25% better fuel economy.

India’s Apollo Tyres to Build Plant in Thailand

4/25/2013

Gurgaon, India-based Apollo Tyres Ltd. says it will invest $500 million to erect a radial tire factory in Thailand to expand the company's presence in southeast Asia.

Germany Probes VW Corruption Allegations

4/25/2013

Prosecutors in Stuttgart are investigating whether Volkswagen AG and purchasing chief Francisco Javier Garcia Sanz failed to prevent an alleged bribery scheme involving German soccer club VfL Wolfsburg.