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Fiat Unions Demand Clarification on No-Investment Plan
8/3/2012Italian politicians and union officials are asking the Italian government to press Fiat SpA for clarification about its suspension of all new investment in the country, Bloomberg News reports.
Study Warns of Asian Air Pollution “Hot Spots”
8/3/2012Without stronger efforts to curb emissions, the average air quality worldwide in 2050 will be no better than that of eastern Asia in 2005, according to an analysis by the Max Planck Institute for Chemistry.
Conti Boosts Net 65%, Hikes Full-Year Outlook
8/3/2012Continental AG posted net earnings of €520 million ($639 million) in the quarter ended June 30 compared with €315 million ($387 million) million) a year earlier.
Ford Ramps Up Hybrid Transmission Capacity
8/2/2012Ford Motor Co. and its suppliers have spent $220 million to prepare to build an array of more fuel-efficient transmissions that includes the carmaker's new HF35 front-wheel-drive hybrid transaxle.
SEC Probes Navistar Finances
8/2/2012Navistar International Corp. says the SEC wants data about its accounting dating back to November 2010.
Europe’s Slump Dents Lear Earnings
8/2/2012Lear Corp. net income slid 18% year over year to $145 million (€118 million) in the second quarter of this year.
Europe’s Slump Dents Lear Earnings
8/2/2012Lear Corp. net income slid 18% year over year to $145 million in the second quarter of this year.
GM Won’t Change Marketing Strategy
8/2/2012General Motors Co. declares it will forge ahead with the marketing and advertising strategy engineered by former Chief Marketing Officer Joel Ewanick over the past two years.
Tesla Builds Its First 50 Model S Hybrids
8/2/2012Tesla Motors Inc. says it has assembled 50 of its new Model S electric sedans and tells Bloomberg News it expects to reach 100 units by mid-August.
Rolls-Royce Customers Just Say “No” to Diesels
8/2/2012Rolls-Royce Motor Cars Ltd. customers are not impressed with diesel engines and say they would "absolutely not" consider buying one in a Rolls, according to Autocar, which cites an unnamed source within the company. "They wouldn't entertain the idea," the source says, claiming that customers asked about diesels declared, "We won't buy it." The source also tells Autocar that Rolls-Royce, a unit of BMW AG, "can't imagine" following other ultra-luxury-car makers in offering an SUV model. "We don't chase volume," the source sniffs, "so we're not looking for a volume creator."