NEWS

Staying Cool When the A/C Stops

9/10/2012

Denso Corp. has developed an automotive air-conditioning evaporator unit with a special core that stores cold during normal operation and releases it when the A/C stops temporarily.

U.S. Job Growth Slows

9/9/2012

American employers created 96,000 jobs in August, down from 141,000 in July and this year's average of 139,000 jobs per month, according to the Dept. of Labor.

Japan Halves Estimate of Second-Quarter Growth

9/9/2012

Japan's economy expanded at a 0.7% annual rate in the April-June period, down from the previous estimate of 1.4%, according to the country's Cabinet Office.

GM Korea Faces Strike This Week

9/9/2012

Unionized employees at General Motors Co.'s South Korean unit say they will walk off the job for the first four days of this week to highlight their demand for a contract that end overnight shifts, the Financial Times reports.

VW Trims Outlook for its 2012 Sales

9/9/2012

Volkswagen AG says it has made "minimal" downward adjustments to its internal goal for sales this year because of the "tense" condition of western Europe's car market.

Volvo Cars Studies How to Ease Currency Pressures

9/9/2012

CEO Stefan Jacoby tells the Financial Times that Volvo Car is considering ways to temper the negative impact of the strong Swedish krona on the profitability of the cars the company sells in the U.S.

Anti-Japan Protests Hurt Nissan Sales in China

9/7/2012

Nissan Motor Co.'s sales in China are being dented by anti-Japanese sentiment stirred up by an intensifying dispute between Beijing and Tokyo over control of a group of islands in the East China Sea, COO Toshiyuki Shiga tells reporters.

Navistar Earnings Plunge

9/7/2012

Navistar International Corp. posted an $84 million net profit in the fiscal third quarter ended July 31 compared with $1.4 billion a year earlier.

Steel-Aluminum Stir Weld System Cuts Power Demand 50%

9/7/2012

Honda Motor Co. says its new friction stir welding system enables it to reduce the weight of front subframe by 25%. The company is using the technology to continuously weld aluminum and steel subframes for its redesigned 2013 Accord cars.

Has VW Cut 2012 Vehicle Sales Outlook?

9/7/2012

Volkswagen AG has slashed its forecast for full-year global sales by 300,000 units to 9.4 million vehicles because of Europe's weak economy, Handelsblatt reports.