NEWS

American Housing Starts Climb 3.6%

11/20/2012

Contractors broke ground on new homes in the U.S. at an annual rate of 894,000 units in October compared with a revised 872,000 units the previous month, the Dept. of Commerce reports.

Nissan Cuts Price of Entry-Level Leaf EV in Japan

11/20/2012

Nissan Motor Co. has introduced an updated version of its Leaf electric sedan in Japan, including a new model priced $5,000 below the standard $45,900 car.

Saab Brand Could Return in 2013

11/20/2012

Saab Automobile AB's new owner says it is mulling plans to resume production of the brand's current-generation 9-3 sedan next summer.

Renault: Global Auto Market to Top 100 Million by 2020

11/20/2012

Renault SA expects worldwide vehicle sales to surpass 100 million units per year by 2020, COO Carlos Tavares tells reporters.

Wanxiang Vows to Keep U.S. Ties If it Buys A123

11/20/2012

China's Wanxiang Group has assured A123 Systems Inc. that it would keep the battery maker's American factories and 2,400 employees if it were to gain control, The Wall Street Journal reports.

Owner Eyes Relaunching Saab Next Year

11/20/2012

Saab Automobile's new owner is considering a switch in strategy that would bring the brand back to the market next year with a gasoline-powered version of the existing 9-3 compact car.

Saab Owner Eyes Relaunching Brand in 2013

11/20/2012

Saab Automobile's new owner is considering a switch in strategy that would bring the brand back to the market next year with a gasoline-powered version of the existing 9-3 compact car.

Fiat to Reduce Punto Output in Italy

11/20/2012

Fiat SpA will suspend production at its assembly plant in Melfi, Italy, for about 21 days in December and January because of shrinking demand, Reuters reports.

GM to Cut Salaried Jobs in Korea

11/20/2012

General Motors Co.'s South Korean unit is offering buyouts or early retirement to all 7,000 of its office workers.

GM Korea to Reduce Salaried Staff

11/20/2012

General Motors Co.'s South Korean unit is offering buyouts or early retirement to all 7,000 of its office workers, Reuters reports.