NEWS

GE Unveils More Efficient Traction Motor for EVs, Hybrids

7/30/2012

General Electric Co. says its prototype 55-kW permanent-magnet traction motor costs less to make, tolerates high operating temperatures and has almost twice the power density of conventional traction motors.

Allison Transmission Posts Profit Despite Flat Sales

7/30/2012

Allison Transmission Holdings Inc. swung to net earnings of $413 million in April-June 2012 from a $17 million loss in the same period a year earlier.

Lotus Expansion Slashed to One Model

7/30/2012

Malaysia's DRB-Hicom Bhd, owner of Group Lotus, has scrapped the sports car brand's "Five-Year, Five-Car" program as unfeasible, according to Automotive News Europe.

Lotus Expansion Plan Slashed to One Model

7/30/2012

Malaysia's DRB-Hicom Bhd, owner of Group Lotus, has scrapped the sports car brand's "Five-Year, Five-Car" program as unfeasible, according to Automotive News Europe.

Owner Slashes Lotus Expansion Plan to One Model

7/30/2012

Malaysia's DRB-Hicom Bhd, owner of Group Lotus, has scrapped the sports car brand's "Five-Year, Five-Car" program as unfeasible, according to Automotive News Europe.

TRW’s German Unit Settles U.S. Price-Fixing Charges

7/30/2012

TRW Automotive Holdings Corp.'s German unit has agreed to pay a $5 million (€4 million) criminal fine to the U.S. government and plead guilty to fixing the prices of airbags, seat belts and steering wheels in 2008-2011.

TRW Settles U.S. Price-Fixing Charges

7/30/2012

TRW Automotive Holdings Corp.'s German unit has agreed to pay a $5 million criminal fine to the U.S. government and plead guilty to fixing the prices of airbags, seat belts and steering wheels in 2008-2011.

NADA President Steps Down

7/30/2012

Phil Brady, president of the National Automobile Dealers Assn., is leaving the trade group to become senior vice president of government affairs for Phillips 66 Co.

Chrysler Reports Profit

7/30/2012

Chrysler Group LLC netted $436 million (€357 million) in the second quarter of this year compared with a $370 million (€303 million) loss a year earlier.

Chrysler Swings to a Quarterly Profit

7/30/2012

Chrysler Group LLC netted $436 million in the second quarter of this year compared with a $370 million loss a year earlier.