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Akerson Hopes Next GM CEO Comes from Within
4/24/2012CEO Dan Akerson says he has no plans to retire soon from General Motors Co.
BMW Cautious on Expanding Output in China
4/24/2012BMW AG plans to increase its production in China by year-end to an annual rate of 200,000 vehicles.
Protean Electric to Open Prototype Facility in China
4/24/2012CEO Robert Purcell tells AutoTech Daily that in-wheel electric motor developer Protean Electric Inc. will open a small plant at an undisclosed location in China to make demonstration prototypes.
Gasoline Prices Fall in U.S.
4/24/2012Americans are paying an average of $3.85 per gallon for regular gasoline, according to the AAA Daily Fuel Gauge Report.
GM: Opel Recovery Plan Isn't Ready Yet
4/24/2012CEO Dan Akerson says General Motors Co. needs more time to finalize a plan to restructure its ailing Adam Opel unit in Europe.
Allison Transmission Boosts Profit 57%
4/24/2012Allison Transmission Holdings Inc. netted $58 million in the first quarter of this year compared to $37 million in the same period of 2011.
ANSI Outlines Guidelines for EV Market Development
4/24/2012The American National Standards Institute has released its first effort to describe a unified body of standards, regulations and practices needed to make electric vehicles a viable industry in the U.S.
Another Guilty Plea on Wiring Harness Price Fixing
4/24/2012Tokyo-based Fujikura Ltd. has agreed to plead guilty in U.S. federal court to a felony charge of conspiring to fix prices of automotive wiring harnesses from 2006 to 2010.
Dongfeng Agrees to Joint Venture With Renault
4/24/2012Renault SA confirms it has signed a memorandum of understanding with Dongfeng Motor Group Co. to form a joint venture in China with capacity to produce 200,000-300,000 vehicles per year.
Volvo to Expand Vehicle Lineup in China
4/24/2012Zhejiang Geely Holding Group Co.'s Volvo Automobile unit will introduce 10 new models in China by 2017, says CEO Stefan Jacoby.