The auto industry's stepped-up hiring will help sustain the nation's job growth and help fuel consumer spending. On Friday, the government said U.S. employers added 175,000 jobs in May, roughly the monthly average for the past year and a sign of the economy's resilience.
The company made $624 million last year, the best annual profit since 2008. It also boosted profit by 30 percent in this year's first quarter, compared to the same period in 2012. With lower costs and more efficient production, analysts say Harley is in a good position to grow as the global economy improves.
Developed through global consensus, International Organization for Standardization standards help to break down barriers to international trade. It just so happens that the revision cycle has fallen on some of the world’s most popular standards, with both ISO 9001 (quality) and ISO 14001 (environmental) among those currently being revised.
General Motors is laying off 560 workers while it retools an engine plant near Detroit to build a new motor. GM says layoffs at the Romulus, Mich., factory will start in August and run to late 2015. The company is rebuilding the inside of the factory to make a new, more efficient V-6 engine.
In today’s business climate, in particular for many industries that serve consumers directly operate under the assumption that they’ll be subjected to a recall incident at some point. But what about the manufacturers who still think, ‘I’ve never had a recall. It’s not going to happen to me.’?
General Motors CEO Dan Akerson says the company's finances are sound enough to consider paying a dividend or even buying more of its stock from the U.S. government. The CEO, in comments after GM's annual meeting Thursday, also said the company first has to keep investing in new vehicles and equipment.
The Toyota Corolla, an aging, stodgy but reliable economy car, is getting a radical new look. The world's largest automaker was rolling out a new version of the compact Thursday night at a splashy event in Santa Monica, Calif., hoping to shed the old version's low-cost image and attract new, younger buyers to its brand.
General Motors says it will offer free oil changes, tire rotations and inspections for two years on most of its 2014 models in an effort to boost customer loyalty. The company announced the offer at its annual stockholders meeting in Detroit on Thursday.
The automaker will recall more than 409,000 Jeep Patriot and Compass small SUVs across the globe from the 2010 and 2012 model years to fix air bag and seat-belt problems. It's also recalling 221,000 Jeep Wranglers worldwide from 2012 and 2013 to fix transmission fluid leaks.
Toyota will also consider bearing part of the cost of hiring babysitters for those employees working at its factories not equipped with nurseries, the sources said Wednesday. The automaker is planning for babysitters to cover early morning hours for its workers until kindergartens open.
Mini officials debuted the Paceman as a crossover sport utility vehicle. But no one — Mini fan or not — considered the Paceman an SUV during the test drive. They mostly thought it was intriguingly different. You have to see it in person to understand, because pictures don't communicate the dimensions.
The Treasury Department says it will sell an additional 30 million shares of General Motors stock this month in its on-going effort to dispose of all of its remaining shares of the giant automaker acquired as part of the government's bailout of GM.
A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income. The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.
Chrysler is refusing a request by U.S. safety regulators to recall about 2.7 million vehicles to fix fuel tanks that could leak and cause fires in rear-end collisions. The company says it's been asked by the government to recall Jeep Grand Cherokees from 1993 through 2004 and Jeep Libertys from 2002 through 2007.
U.S. safety regulators are checking to see if more General Motors cars should be recalled because the air bags won't inflate. The probe covers about 400,000 Chevrolet Cruze and Sonic small cars, the Chevrolet Camaro muscle car and the Buick Verano small car from the 2012 model year.
Porsche's ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car marker's failed 2009 attempt to take over Volkswagen AG. Former Porsche CFO Holger Haerter was fined an unspecified amount after being found guilty Tuesday by a Stuttgart state court, the dpa news agency reported.
General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.
Ford is recalling about 465,000 cars and SUVs because the fuel tanks can leak and cause fires. The global recall affects the Ford brand's Fusion, Explorer, Taurus, Flex, Police Utility and Police Interceptor. Also covered are the Lincoln MKS, MKT and MKZ. All the vehicles are from the 2013 model year.
The 2014 version of the car, which goes on sale this fall, gets a new engine in the base model that boosts gas mileage, more back-seat legroom, a restyled front end, an updated interior, and suspension changes that will improve the car's handling, GM said Friday.
The company said Thursday that by the end of next month, it will triple the number of charging stations it runs from the current eight, and the number will go to around 100 in the coming year, putting stations within reach of almost the entire populations of both countries.
Auto companies in the U.S. are lowering lease prices for electric cars as they try to jump-start slow sales in a competitive market. Honda announced Thursday that it's slashing the monthly lease cost of its tiny Fit EV by one-third to $259 a month. Honda also is throwing in other goodies such as a free home charging station and unlimited mileage.
Attorneys for failed electric car maker CODA Holdings have withdrawn a request asking a bankruptcy judge in Delaware to approve up to $425,000 in bonuses for 16 top managers and directors. The company withdrew the request prior to a hearing Wednesday after it drew objections from creditors and a U.S. bankruptcy trustee.
The expansion will require an additional 290,000-square-foot facility adjacent to its current two buildings, Gov. Nathan Deal said in a written statement. The company's current facility, formerly Unisia of Georgia Corp., was established in Monroe —about 45 miles east of downtown Atlanta — in 1996.
Toyota is using live-time traffic information from 700,000 Toyota vehicles on Japanese roads to offer what it calls a "big data" service to local governments and businesses that helps drivers during disasters. Toyota Motor Corp. said Wednesday the 200,000 yen ($2,000) a month service will start June 3 in Japan.
It was an audacious idea that came to symbolize Israel's self-described status as "Start-Up Nation," a company that believed it could replace most gasoline-powered cars with electric vehicles and reduce the world's reliance on oil — and all within a few years. But it all came crashing down.