Toyota President Akio Toyoda apologized for safety problems that have left the Japanese carmaker “in crisis” as the group considered a second recall — this time over the brakes on some Prius hybrids.
Tags: Akio Toyoda, Brakes, Carmaker, Hybrids, Prius, Safety Problems, Toyota, Toyota Recall
U.S. lithium-ion battery maker A123 Systems Inc. is forming a joint venture with China’s top carmaker, SAIC Motor Corp., to sell battery systems for electric vehicles.
Tags: A123 Systems Inc, Battery Systems, Carmaker, China, Electric Vehicles, Joint Venture, Lithium, Lithium Battery, Lithium Ion Battery, lithium-ion battery maker, Saic, SAIC Motor Corp., SAIC U.S.
One of Omnicom Group’s last chunks of business with Chrysler is currently up for review. The carmaker has circulated request for proposals for long-term interactive-marketing duties as well as a social-media project to several agencies.
Tags: Carmaker, Chrysler, Chunks, Interactive Marketing, Interactive Media, Omnicom Group, Request For Proposals, social-media duties, social-media project
A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.
Tags: Carmaker, Ceo, Electric Vehicle, EV, Minicar, Nick, Nick Reilly, Opel Vauxhall, Top Priority
General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.
Tags: Berlin, Carmaker, General Motors, German government, Germany, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, Opel, Opel General Motors Co.
A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.
Tags: Carmaker, Ceo, Electric Vehicle, Minicar, Nick, Nick Reilly, Opel Vauxhall, Top Priority
A minicar for Opel/Vauxhall is a “top priority,” Nick Reilly, the carmaker’s new CEO, said on Saturday. Reilly also said the brand will consider launching an electric vehicle.
Tags: Carmaker, Ceo, Electric Vehicle, EV, Minicar, Nick, Nick Reilly, Opel Vauxhall, Top Priority
General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.
Tags: Berlin, Carmaker, General Motors, German government, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, Opel
General Motors Co. will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the carmaker said it remains confident that Berlin will soften its current tough stance.
Tags: Berlin, Carmaker, General Motors, German government, Germany, Gm, Gm Europe, Government Aid, Government State, Jobs Germany, Opel, Opel General Motors Co.
Swedish carmaker Saab has sold the production equipment for its old 9-5 models to Beijing Automotive Industry Holding Corp. (BAIC), a newspaper reported.
Tags: Automotive Industry, Baic, Beijing, Beijing Automotive Industry Holding Corp., Carmaker, Cars, China, Models, Saab
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.
Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.
Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo
Hyundai Motor Co. may be growing globally despite the recession, but business in Japan is so bad the carmaker has decided to pull out after just eight years in the country.
Tags: Business In Japan, Carmaker, Hyundai, Hyundai Motor, Hyundai Motor Co, Japan, Japan Hyundai Motor Co., Recession, Setback
Saab CEO Jan Ake Jonsson and officials from the Swedish government traveled to Detroit ahead of a GM board meeting on Tuesday to decide the brand’s fate. Bidders interested in Saab include Beijing Auto, Renco Group and Merbanco.
Tags: Ake, Beijing, Bidders, Board Meeting, Carmaker, Ceo, Detroit, Fate, Gm, Jan-Ake Jonsson, Merbanco, Plea, Renco Group, Saab, Swedish Government, Swedish Officials
General Motors Co. expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the fast-growing market, the head of the company’s China operations said on Monday.
Tags: 2010 General Motors Co., Carmaker, China, China Operations, General Motors, Gm, Stimulus
Silicon Valley electric sports car maker Tesla Motors is planning to go public soon, two people familiar with the situation said, outlining plans to sell stock and cash in on investor appetite for green technology and interest in battery-powered…
Tags: Appetite, Car Maker, Carmaker, Electric Car, Electric Sports Car, electric sports car maker, Green Technology, Investor, Ipo, Silicon Valley, Stock, Tesla Motors
Exide Technologies has landed a deal to sell 105,000 more batteries a year to Toyota Motor Corp., deepening its relationship with the world’s top carmaker and boosting the battery company’s shares.
Tags: Batteries Exide, Battery Company, Carmaker, Contracts, Exide, Exide Batteries, Exide Technologies, Highlander, Relationship, Toyota, Toyota Highlander, Toyota Motor, Toyota Motor Corp
Exide Technologies has landed a deal to sell 105,000 more batteries a year to Toyota Motor Corp., deepening its relationship with the world’s top carmaker and boosting the battery company’s shares.
Tags: Battery Company, Carmaker, Exide Batteries, Exide Technologies, Relationship, Toyota, Toyota Highlander, Toyota Motor, Toyota Motor Corp
Hyundai Motor Co. is planning to sell its stake in partsmaking affiliate Hyundai Mobis, worth 231 billion won ($200 million), to comply with anti-trust rules, the carmaker said today. Hyundai, South Korea’s top automaker, will unload its entire 1.
Tags: Affiliate, Automaker, Carmaker, Hyundai, Hyundai Korea, Hyundai Mobis, Hyundai Mobis Hyundai Motor Co., Hyundai Motor, Hyundai Motor Co, KRW, South Korea, Stake, Trust Rules, USD
General Motors is moving its U.S. digital production duties to MRM Worldwide’s MRM Supply from the Digitas-owned production shop Prodigious Worldwide, as part of a cost-savings effort by the carmaker.
Tags: Carmaker, General Motors, Gm, MRM Worldwide, Prodigious Worldwide, Production Duties, Production Shop, United States
Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
Tags: Aim, Carmaker, China, China Beijing, Gm, Koenigsegg, Minority Stake, Partner, Saab, Year End
Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
Tags: Aim, Beijing, Carmaker, Gm, Koenigsegg, Minority Stake, Partner, Saab, Year End
GM will return the money it was loaned by Germany to help Opel, German Economy Minister Rainer Bruederle said today after the U.S. carmaker decided to keep its European unit.
Tags: Carmaker, Economy Minister, European Unit, German Economy, Germany, Germany Economy, Gm, Money, Opel, Rainer, Rainer Bruederle, United States