NEWS

China to Become Pininfarina’s Biggest Market

5/7/2012

China will surpass Germany as design firm Pininfarina SpA's largest national market by the end of 2012, Automotive News reports.

U.S. Highway Fatality Rate Drops to 62-Year Low

5/7/2012

Last year's highway fatality rate in America dropped 1.7% to 32,300 people the lowest number since the National Highway Traffic Safety Administration began tracking the data in 1949, according to the agency's preliminary assessment.

Toyota RAV4 Electric: $49,800

5/7/2012

Toyota Motor Corp. says the latest electric version of its RAV4 small crossover will retail for $49,800 when it debuts in California late this summer.

Opel Could End Astra Output in Germany

5/7/2012

General Motors Co.'s Adam Opel unit is considering a plan to cease production of the Astra compact car at its factory in Russelsheim, Germany, by 2015, according to Opel labor chief Wolfgang Schaefer-Klug.

U.S. Highway Deaths Fall to 62-Year Low

5/7/2012

About 32,300 people died in traffic accidents on American highways last year, down 1.7% from 2010, according to a preliminary estimate from the National Highway Traffic Safety Administration.

Carmakers Endorse All-Purpose EV Recharging Plug

5/7/2012

Eight major carmakers have agreed to support a single plug for electric vehicles that can be used for all four existing types slow and fast AC and DC recharging systems.

Chrysler to Recall Cars to Fix Fuse

5/7/2012

Chrysler Group LLC will recall 119,100 Chrysler 300 and Dodge Charger sedans in the U.S. to replace and relocate a control fuse for the antilock brakes and electronic stability control systems.

Crude Oil Prices Drop Below $100

5/6/2012

Crude oil futures plunged $4.05 per barrel on Friday on the New York Mercantile Exchange to settle at $98.49, the lowest close since early February.

UK Plant Prepares to Build Jaguar F-Type Sports Car

5/6/2012

Tata Motors Ltd.'s Jaguar Land Rover unit will invest 200 million ($324 million) to prepare its factory in Castle Bromwich, England, to build Jaguar's new F-Type convertible sports car, according to the Daily Telegraph.

BWI Opens Suspension Plant in Beijing

5/6/2012

Brake and suspension supplier Beijing West Industries Group has opened another plant in China, this one in Beijing's Fangshan district.