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CAW Offers Concessions to Detroit Three
9/14/2012The Canadian Auto Workers union, which faces a Monday deadline in its contract talks with Chrysler, Ford and General Motors, has submitted a new proposal with concessions on wages and pensions for new hires.
France to PSA: Cut Jobs in Spain
9/14/2012French Industry Minister Arnaud Montebourg calls PSA Peugeot Citroen's plan to cut jobs and close a domestic plant "unacceptable." His remarks follow by a day the release of a government-commissioned study that concluded that those actions are "inevitable." Montebourg tells public radio service France Inter the PSA should narrow the scale of its restructuring.
Nissan May Build Murano Crossover in Tennessee
9/14/2012Nissan Motor Co. plans to shift production of its Murano midsize crossover vehicle to its Smyrna, Tenn., factory from Kyushu, Japan in 2014, according to Nikkan Kogyo Shimbun.
Ford Won’t Promise to Keep Belgium Plant Open
9/14/2012Ford Motor Co. is devising a restructuring plan for its money-losing European operations that will involve closing a factory possibly an assembly plant in Genk, Belgium, The Wall Street Journal reports, citing an unidentified source.
Oil, Gasoline Prices Keep Climbing
9/14/2012Crude oil futures jumped $1.30 per barrel yesterday on the New York Mercantile Exchange to settle at $98.31.
Fed Takes Strong Measures to Boost U.S. Economy
9/14/2012The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
Fed Takes Strong Measures to Boost U.S. Economy
9/14/2012The Federal Reserve has acted aggressively to stimulate the flagging American economy by expanding a bond purchase program and extending its promise to keep interest rates near zero by six months until at least mid-2015.
Fed Takes Strong Measures to Boost American Economy
9/14/2012The Federal Reserve has acted aggressively to stimulate the flagging U.S. economy by expanding a bond purchase program and extending its promise to keep interest rates extremely low by six months until at least mid-2015.
Lambo Recalls Gallardo Supercars
9/13/2012Volkswagen AG's Lamborghini unit is recalling nearly 1,500 of its Gallardo Spyder and Coupe supercars to fix a power steering leak that could cause a fire.
BMW Details “Efficient Dynamics” Engine Strategy
9/13/2012BMW AG says its new family of modular 3-, 4- and 6-cylinder gasoline and diesel engines will share as much as 60% common parts and 40% common structure, thus enabling all iterations to be produced on the same assembly line.