NEWS

GM Will Halt Corvette Production for Six Months

10/18/2012

General Motors Co. will suspend output of Chevrolet Corvettes in February so it can retool its plant in Bowling Green, Ky., for the next-generation C7 version of the iconic American sports car.

Daimler Reaches Labor Deal to Trim S-Class Output

10/18/2012

Daimler AG has suspended one of two shifts at its car plant in Sindelfingen, Germany, until next summer, under a new agreement with its unions.

Chinese Supplier Still Wants to Buy A123

10/18/2012

China's Wanxiang Group Corp., which agreed in August to acquire most of A123 Systems Inc., says it remains interested in buying the maker of lithium-ion batteries, which filed for bankruptcy earlier this week.

Wanxiang Still Wants to Acquire A123 Systems

10/18/2012

China's Wanxiang Group Corp., which agreed in August to buy most of A123 Systems Inc., says it remains interested in acquiring the maker of lithium-ion batteries, which filed for bankruptcy earlier this week.

NADA Elects 2013 Chairman

10/18/2012

The National Automobile Dealers Assn. has appointed David Westcott as its 2013 chairman.

Toyota Details U.S. Plans for Scion iQ EV

10/18/2012

Toyota Motor Corp. says it intends to place about 90 electric versions of its iQ city car in U.S. fleets and car-sharing operations next year.

BMW Reroutes Car Shipments to U.S., Asia

10/18/2012

BMW AG says it has diverted "tens of thousands" of cars originally intended for the European market to the U.S. and Asia, where demand is stronger.

BMW Diverts Car Shipments from Europe to Asia, U.S.

10/18/2012

BMW AG says it has rerouted "tens of thousands" of cars originally intended for the European market to the U.S. and Asia, where demand is stronger.

Tata to Shrink Lineup, Boost Quality Image

10/18/2012

Karl Slym, new managing director of Tata Motors Ltd., tells Bloomberg News he intends to kill unspecified models and add variants of the company's most popular SUVs.

China’s Economic Growth Decelerates

10/17/2012

China's gross domestic product, which expanded 7.6% in the second quarter of 2012, grew 7.4% in the July-September period the smallest increase since the first quarter of 2009, the National Bureau of Statistics reports.