NEWS

Fiat to Unveil Plans for Melfi Plant

12/13/2012

Fiat SpA says it will disclose details on Dec. 20 of its plan to produce Fiat and Jeep SUVs at its factory in Melfi, Italy.

Audi Mulls Resuming Production in Brazil

12/13/2012

Volkswagen AG's Audi unit says it will decide next year whether to return to manufacturing vehicles in Brazil possibly by adapting an existing VW facility, Reuters reports.

Volvo Gets €922 Million Loan from China

12/13/2012

The state-run China Development Bank has agreed to loan Volvo Car Corp. €922 million to shore up the company's balance sheet as it embarks on an ambitious expansion.

Volvo Gets $1.2 Billion Loan from China

12/13/2012

The state-run China Development Bank has agreed to loan Volvo Car Corp. €922 million ($1.2 billion) to shore up the company's balance sheet as it embarks on an ambitious expansion.

Renault-Nissan Takes Control of AvtoVAZ

12/13/2012

The Renault-Nissan alliance and Russian Technologies State Corp. are pooling their equity in AvtoVAZ to take control of the Russian carmaker by 2014.

Fed Steps Up Efforts to Stimulate Job Growth

12/13/2012

The Federal Reserve has decided to increase its bond-buying program to spur acceleration of the U.S. economy and job market.

Coda Cuts Staff as EV Sales Stall

12/13/2012

Electric vehicle maker Coda Automotive Inc., which has been struggling to attract customers, says it is shedding 50 jobs, or 15% of its staff.

Beiqi Foton to Erect Plant in India

12/13/2012

China's Beiqi Foton Motor Co. has signed a memorandum of understanding with Maharashtra state to build a 16.7 million-rupee ($308 million) commercial vehicle factory.

Finalists Announced for 2013 N. American Car/Truck of Year

12/12/2012

A panel of 49 automotive journalists has selected the six finalists for the 2013 North American Car and Truck of the Year awards.

Honda Rollaway Hazard Prompts Another Recall

12/12/2012

Honda Motor Co. plans to launch a global recall in February of 871,000 Acura and Honda models that could roll away after the ignition key is removed.