NEWS

BMW, Mercedes Mull Adding Car Plants in Mexico

8/30/2012

BMW AG and Daimler AG's Mercedes-Benz are separately considering the possibility of erecting luxury car factories in Mexico, Bloomberg News reports.

Janesville Remarks Spark Firestorm

8/30/2012

Republican vice presidential nominee Paul Ryan suggested at the party's national convention on Wednesday that President Barack Obama was to blame for closing a General Motors Co. assembly plant in Janesville, Wis., in December 2008 while George W.

China’s Chery Widens Asbestos Recall to Six Countries

8/30/2012

Chery Automobile Co. says it will expand a recall of cars with exhaust and engine gaskets that contain asbestos by 18,900 cars in Argentina, Brazil, Chile, Singapore and Uruguay, where the carcinogen is banned.

Korean Group May Try to Buy Visteon’s Halla Holding

8/30/2012

South Korea's Mando Corp., which earlier this month bought as much as 8.1% of Halla Climate Control Corp., says it may pursue the acquisition of Visteon Corp.'s 70% stake in Halla.

Hyundai, Union Reach Tentative Contract in Korea

8/30/2012

Hyundai Motor Co. has a tentative labor agreement with its South Korean union after six weeks of mini-strikes that cost the company 76,700 units of lost production valued at 1.6 trillion won ($1.4 billion). Workers are scheduled to vole on the pact on Monday.

Fiat, Volvo Curb Output in Europe

8/30/2012

Fiat SpA will idle an assembly plant in Pomigliano, Italy, for two weeks in late September and early October because of waning demand.

Brazil Extends Auto Tax Break Through October

8/30/2012

The Brazilian government has unveiled an array of measures to spur domestic consumption and investment, include a two-month extension of an industrial tax break for automakers that was scheduled to expire on Friday.

Qualcomm Hires GM Advanced-Vehicles Director

8/30/2012

Qualcomm Inc. has hired Chris Borroni-Bird from General Motors Co., where he was director of advanced technology vehicle concepts, Bloomberg News reports.

Qualcomm Hires GM’s Futurist

8/29/2012

Qualcomm Inc. has hired Chris Borroni-Bird from General Motors Co., where he was director of advanced technology vehicle concepts, Bloomberg News reports.

Dodge Dart Stalled by Too Many Manual Transmissions?

8/29/2012

The Dodge Dart, Chrysler Group LLC's first small car in seven years, is off to a slow sales start in part because dealers don't have enough models with automatic transmissions, according to The Wall Street Journal.