Posts Tagged ‘Automaker’

GM to boost Volt output 50 percent for 2012 on buyer demand

GM said buyer interest in the new Chevrolet Volt has prompted the automaker to boost 2012 production plans for the plug-in hybrid to 45,000 units from 30,000.

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Honda raises forecasts after profit is boosted by U.S., China

Honda posted its best quarterly operating profit in nearly 3 years today on brisk sales in the U.S., China and other Asian markets. The automaker also raised its forecasts despite a sharp rise in the yen.

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Porsche’s $650,000 Spyder supercar is a go

Porsche AG’s supervisory board approved production of the 918 Spyder hybrid sports car, a model that soars to 100 kilometers an hour in 3.2 seconds and may top the Carrera GT as the automaker’s costliest vehicle.

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BMW transfers Pitney to U.S. regional sales post, seeks marketing chief

BMW of North America has moved two top executives into new positions in a shift that leaves the automaker searching for a marketing chief. Jack Pitney, 47, becomes vice president for BMW’s eastern region, its largest sales zone.

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Ford’s F-150 pickup will get 3 replacement powertrains

In offering first V-6 since 2008 model year, automaker hopes to broaden appeal of top-selling pickup for 2011 by offering more fuel-efficient engines.

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GM’s Whitacre pushes banks to sell cars, not just shares in IPO

In seeking proposals to manage its initial public offering, the automaker asked banks to consider using some of the underwriting fees to subsidize the purchase of GM vehicles.

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Ford Focus electric battery packs to be built by LG Chem unit

Ford Motor Co. has selected LG Chem’s U.S. unit Compact Power Inc. to supply battery packs for an electric Focus compact car for U.S. production starting in 2011, the automaker said today.

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Ford’s Europe sales drop for 3rd straight month; forecast unchanged

After six months, the U.S. automaker’s registrations are down 3.9 percent to 716,900 vehicles in the company’s main 19 European markets.

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Toyota’s recalls fail to address extent of acceleration issue, study says

Toyota Motors Corp.’s U.S. recalls have addressed only a portion of the models tagged with unintended acceleration in consumer complaints, suggesting there may be causes of the problem other than those identified by the automaker, a new study says.

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Kelley Blue Book, NADA Guide trim used Toyota values

Publishers of two high profile used vehicle value guide books have trimmed the values of used Toyota models included in the automaker’s massive recall.

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Chrysler will unveil 3 fuel-saving engines

Chrysler Group is taking the first steps to retool its powertrain lineup and improve fuel economy 25 percent by 2014. The automaker — burdened by a reputation for building gas-guzzling vehicles and facing stiffer U.S.

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GM admits it’s selling steering business, but won’t say who’s buying

General Motors Co. acknowledged today that it is selling its steering business, although the automaker quietly has been negotiating the sale of the unit to a Chinese buyer for at least four months. Yubei (Xinxiang) Power Steering System Co. Ltd.

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GM, government backers show off first Volt battery

General Motors Co. today showed off the first battery pack for its electric Chevy Volt with a ceremony that highlighted the automaker’s dependence on U.S. government financing for its revival plans.

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Kia will launch competitor to Ford’s Sync technology

Next week, Kia Motors Corp. will become the first automaker to introduce a North American competitor to Ford Motor Co.’s voice-controlled Sync infotainment service. The Kia product will be called UVO.

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Ford to offer HD radio, iTunes tagging

Next year Ford Motor Co. will be the first automaker in North America to offer HD radio technology and the ability to tag songs on iTunes in the vehicle for later purchase. The technology initially will be available only on certain vehicles.

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GM pushes dealers to sell remaining Pontiacs, Saturns, paper reports

General Motors Co. is offering huge incentives to its dealers to speed up the sales of leftover inventory from its Saturn and Pontiac brands, that can push up the automaker’s December sales, The Wall Street Journal said.

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GM nears end of distracting trail of failed deals

General Motors Co. emerged from a 40-day bankruptcy in July with a newfound zeal that things at the top U.S. automaker would never be the same.

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GM nears end of distracting trail of failed deals

General Motors Co. emerged from a 40-day bankruptcy in July with a newfound zeal that things at the top U.S. automaker would never be the same.

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Hyundai supplier Hanwha expands Ala. plant

Auto supplier Hanwha LandC Corp. is about to start its second expansion in less than two years at its plant in Opelika, Ala. The company, which supplies automaker Hyundai Motor Co.’s Alabama plant and will supply Kia Motors Corp.

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Chrysler’s top negotiator in dealer talks to join Cerberus

John Bozzella, Chrysler Group’s chief negotiator in settlement talks with dealers who resigned this week, will take a job at the automaker’s former owner, Cerberus Capital Management LP.

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Chrysler bargainer in dealer talks to join Cerberus

John Bozzella, Chrysler Group’s chief negotiator in settlement talks with dealers, is taking a job at the automaker’s former owner Cerberus Capital Management LP following his resignation this week.

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GM seeking ‘motivating, inspirational’ CEO, Whitacre says

General Motors Co.’s board is looking inside and outside the automaker for and#8220;a motivating, inspirational leaderand#8221; to be its next chief executive, said Ed Whitacre, chairman and interim CEO.

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GM Treasurer Walter Borst to head Opel supervisory board

GM Treasurer Walter Borst is the new chairman at the automaker’s Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.

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GM Treasurer Borst to head Opel supervisory board

GM Treasurer Walter Borst is the new chairman at the automaker’s Opel/Vauxhall unit. Borst, 48, takes the post vacated by Carl-Peter Forster when he quit as GM Europe president and Opel chairman last month.

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Chrysler sale challenge dismissed by U.S. Supreme Court

The U.S. Supreme Court said today that it ordered dismissed as moot a legal challenge by three Indiana pension funds to the government-backed sale of the bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat S.p.A.

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