NEWS

U.S. Jobless Rate Edges Up to 7.9%

11/4/2012

American employers added 171,000 jobs last month, according to the Dept. of Labor.

U.S. Catches Hyundai, Kia Overstating U.S. Mileage Claims

11/2/2012

The U.S. units of Hyundai Motor Co. and affiliate Kia Motors Corp. overstated fuel economy numbers on the new-car window stickers on 35% of the vehicles they sold over the past two years.

Hyundai, Kia Overstated Fuel Economy Claims

11/2/2012

The U.S. units of Hyundai Motor Co. and affiliate Kia Motors Corp. overstated fuel economy numbers on the new-car window stickers on 35% of the vehicles they sold over the past two years, The Detroit News reports.

Hyundai, Kia Overstated Fuel Economy Claims

11/2/2012

The U.S. units of Hyundai Motor Co. and affiliate Kia Motors Corp. overstated the fuel economy numbers on the new-car window stickers on 35% of the vehicles they sold over the past two years, The Detroit News reports.

Visteon Launches Restructuring After Profit Falls 63%

11/2/2012

Visteon Corp. posted net income of $15 million for July-September, down from $41 million in the same period last year.

VW Introduces Hybrid Jetta Sedan

11/2/2012

A hybrid version of the Volkswagen Jetta sedan makes its worldwide debut this month in the North American market.

Consumer Confidence Reaches Four-Year High

11/2/2012

Americans were more upbeat about the country's economy last month than they have been since February 2008, says the New York City-based Conference Board.

Growth in U.S. Factory Activity Accelerates

11/2/2012

Manufacturing activity in the U.S. expanded at a faster pace in October, according to the Tempe, Ariz.-based Institute for Supply Management.

VW Exec May Get Top Opel Job

11/2/2012

General Motors Co. is poised to hire Volkswagen AG executive Karl-Thomas Neumann as chief executive of its Opel unit, anonymous sources tell The Wall Street Journal.

Delphi Ekes Out 1% Earnings Gain

11/1/2012

Delphi Automotive plc netted $269 million in the third quarter of this year compared with $266 million in the same quarter of 2011, aided by a $3.3 billion reduction in overhead expenses.