Honda Recalls 11,000 Vehicles to Fix Loose Suspension Parts
Honda Recalls 11,000 Vehicles to Fix Loose Suspension Parts
Who makes the safest cars? Hyundai Motor and its sister make, Kia Motors, along with Volkswagen and its luxury brand, Audi, garnered the most awards in the recent vehicle crash tests conducted by an insurance industry testing group.
Ford will reenter the U.S. minivan market when it debuts the new Ford C-Max at next month's Detroit auto show. Though new to North America, the C-Max is familiar to European drivers looking for a compact people mover.
Volkswagen and Chrysler are recalling 600,000 cars in separate actions to fix problems related to passenger side air bags and possible fuel leaks, according to federal safety officials.
Nissan and Mitsubishi plan to work together to bring some new vehicles to market. The Japanese automakers will establish a joint venture to produce a minicar for the home market by 2012, while Nissan will produce a small van for Mitsubishi, which in turn will make an SUV for Nissan.
In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker's payroll by March.
Now that General Motors is on better financial footing and the automaker's initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
Ford plans to invest $600 million in a Kentucky plant to build the next-generation Escape SUV, creating an 1,800 additional jobs, the automaker said Thursday. The new jobs will be added incrementally after the Louisville Assembly plant is rehabbed and reopened late next year.
Temporary workers at a Hyundai Motor manufacturing plant in South Korea reportedly have agreed to end a near-monthlong strike that was inhibiting domestic production of subcompact cars, such as the Hyundai Accent.
BMW Global Sales Gain Tops German Competitors in November
GM is taking a big step toward making hydrogen-fueled cars and trucks a reality for consumers by partnering with a dozen companies to build more than two dozen fueling stations in Hawaii.
Mazda Motor is not seeking a new alliance with another auto manufacturer following Ford's recent decision to reduce its stake in the Japanese automaker.
It's traditionally one of the slowest months of the year for vehicle sales, but most automakers reported higher U.S. sales in November compared to a year ago, despite continued consumer caution about the slow economic recovery.
Sales at Ford Motor rose 24% in November compared to a year ago as demand surged for a wide range of the company's products, the automaker said Wednesday. For the month, Ford said it moved 147,338 vehicles off dealers' lots, up from 118,536 in November 2009.
General Motors Sales Climb xx% in November
Will the Chevy Volt -- General Motor's new plug-in hybrid, which was unveiled today -- be a game changer, as CEO Daniel Akerson hopes? We'll soon find out as the car is scheduled to begin shipping to dealers next month.
Rising confidence among U.S. consumers is expected to translate into healthier numbers for the nation's automakers when they report November sales figures Wednesday. Domestic automakers fared better than their foreign counterparts as sales rebounded further from last year's anemic levels, according to analysts.
Toyota is asking a federal court in California to dismiss lawsuits claiming that electronics -- not floor mats or sticky gas pedals -- are the cause of unintended acceleration in its vehicles, saying plaintiffs have not proved there's a design defect in the vehicles' electronic systems.
Following General Motors' historic return as a publicly traded company Thursday, President Obama said the U.S. government, despite the many critics, is on track to more than recoup the nearly $50 billion it invested in the Detroit automaker.
Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.
General Motors may raise its price range and offer more shares than previously expected in its initial public offering Thursday.
The automaker plans to roll out its first all-electric passenger car in 20 U.S. cities late next year.
Goldman Sachs Group won't stop taking orders for General Motor's initial public offering at noon Friday, the investment banker now says, despite an email sent by the bank to clients on Thursday that said it would, Dow Jones Newswires reports.
General Electric plans to purchase 25,000 battery-powered vehicles during the next five years for its own use and to lease to commercial customers.
General Motors reported Wednesday that it earned $2 billion in the third quarter, marking its most profitable quarter yet since emerging from bankruptcy last year.
After reporting a $4.3 billion loss during the last half of 2009, General Motors saw two positive quarters during the first half of the the year and is expected to report a third profitable quarter Wednesday.
Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading on Wall Street.
Buoyed by consumers' increased confidence in the U.S. economy, automakers with few exceptions reported higher sales of cars and trucks in the U.S. during October compared to a year ago.
GM said Wednesday its overall sales in October rose modestly on higher demand for pickup trucks and crossover vehicles.
=Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.