U.S. Hires Adviser to Monitor Fisker’s Fundraising
4/23/2012Restructuring firm to review efforts to raise fresh capital.
GM May Not Unveil Opel Plan Until Summer
4/23/2012CEO Dan Akerson says General Motors Co. still needs more time to hammer out the details of a plan to restructure its Adam Opel unit.
Renault Agrees to Joint Venture With Dongfeng
4/23/2012Renault 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.
GM to Boost Design, Engineering Capacity in Asia
4/23/2012CEO Dan Akerson tells Automotive News that General Motors Co. expects to develop 100 additional vehicles for markets outside North America by 2016.
Ford Ponders a China-Specific Brand
4/23/2012Ford Motor Co. and its partners in China may create a new brand for the Chinese market, according to Joe Hinrichs, president of Ford's Asia Pacific and Africa unit.
Fujikura Pleads Guilty to Price Fixing
4/23/2012Fujikura Ltd. has agreed to plead guilty in U.S. federal court to a felony charge of conspiring to fix prices of automotive wiring harnesses in 2006-2010.
Carmakers Agree to Fast-Track Tests of Resin Substitutes
4/23/2012A group of 26 carmakers and suppliers have tentatively agreed to an accelerated validation process for alternatives to PA-12, a nylon resin used in fuel and brake systems.
Jaguar Land Rover in Talks About Brazil Factory
4/23/2012Tata Motors Ltd.'s Jaguar Land Rover unit is holding discussions with several unidentified parties in Brazil about establishing production there, Dow Jones Newswires reports.
Carmakers Agree on Plan to Accelerate Tests for Resin Substitutes
4/23/2012A group of 26 carmakers and suppliers have tentatively agreed to an accelerated validation process for alternatives to PA-12, a nylon resin used in fuel and brake systems.