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UAW Wants Chrysler to Go Public
1/31/2013An initial public offering for Chrysler Group LLC would be the best way for its minority shareholder, a union-run retiree healthcare fund, to obtain the greatest value for its shares, United Auto Workers President Bob King tells The Detroit News.
Retired Admiral Joints GM Board
1/31/2013General Motors Co.'s board has elected retired Admiral Michael Mullen to become a director on Feb. 1.
UPDATE: Chrysler Shuffles Product Schedule
1/31/2013The revised 2013-2016 North American product schedule Chrysler Group LLC revealed this this week drops four models that were to be supplied by Fiat SpA for the Chrysler and Dodge brands.
BAIC Motor to Sell Stake to Daimler
1/31/2013Daimler AG will sign a deal to buy a 10%-20% stake in its Chinese joint venture partner BAIC Motor Co. on Friday in Germany, according to news reports.
Daimler to Buy Stake in Chinese Partner
1/31/2013Daimler AG will sign a deal to acquire a 10%-20% stake in its Chinese joint venture partner BAIC Motor Co. on Friday in Germany, according to news reports.
Three Honda Models to Get Apple’s Siri System
1/31/2013Honda Motor Co. is offering Apple Inc.'s Siri voice-activated telematics technology in three of its 2013 models sold in the U.S.
GM Budgets $200 Million for Powertrain Consolidation
1/31/2013General Motors Co. says it will move global powertrain engineering operations in Castleton, Ind., and Torrance, Calif., to the unit's headquarters in Pontiac, Mich., by mid-2015.
Meritor Loses Money on Declining Sales
1/30/2013Meritor Inc. recorded a $21 million net loss in the fiscal first quarter ended on Dec. 31 compared with a $22 million loss in the same period of 2011.
Daimler Trucks Plans to Shed 2,100 Jobs
1/30/2013Daimler AG's truck business intends to eliminate as many as 1,300 hourly jobs in North America and 800 non-production positions in Germany, Handelsblatt reports.
Ford Profit-Sharing Payouts Jump by $2,100
1/30/2013Ford Motor Co.'s 45,800 members of the United Auto Workers union will receive profit-sharing checks averaging $8,300 in March compared with about $6,200 last year.