Automotive
Magna, CAW To Outline 'Framework Of Fairness'
October 15, 2007 8:00 am | News | CommentsCompany founder Frank Stronach has said Magna and unions need to work together to save North American auto industry jobs and create new employment.
TRW Joins ArvinMeritor For Shock Absorber Business
October 15, 2007 6:25 am | News | CommentsCompanies will distribute shock absorbers in Europe; venture expected to begin in January.
GM-UAW Contract Transfers $46.7B In Health Care Costs
October 15, 2007 6:02 am | by Dee-Ann Durbin, AP Auto Writer | News | CommentsAgreement includes a company-funded, union-run trust called Voluntary Employees Beneficiary Association and must be approved by federal courts.
Collins & Aikman To Close
October 15, 2007 5:03 am | by David N. Goodman, Associated Press Writer | News | CommentsAuto supplier closing after completing the sale of its last major operations to private equity group amid downturn in the U.S. auto industry.
Mulally: UAW Deal Will Help Ford Compete
October 12, 2007 11:10 am | by Tom Krisher, AP Auto Writer | News | CommentsFord's chief executive says the main planks of the United Auto Workers union's deals with General Motors and Chrysler will help Ford Motor Co. become more competitive.
States Pondering Truck-Only Lanes
October 12, 2007 11:07 am | News | CommentsThe $3 million study could determine the cost and feasibility of adding two truck lanes in each direction of I-70 from Kansas City, Mo., to the Ohio-West Virginia border.
Chrysler Exec Predicts Big Jump In China Sales
October 12, 2007 11:05 am | by Victoria Ruan, Dow Jones Newswires | News | CommentsAutomaker hopes foray into China's small-car market will more than double sales to around 20,000 vehicles this year from fewer than 8,000 units last year.
Scania Wins Singapore Bus Order
October 12, 2007 11:02 am | News | CommentsSwedish truckmaker won its largest bus and coach order to date in Asia, selling 500 city buses to public transport company SBS Transit in Singapore for an undisclosed price.
Auto Demand Spurs Retail Sales Gain
October 12, 2007 6:15 am | by Martin Crutsinger, AP Economics Writer | News | CommentsStrong car sales offset weak demand for clothing; retail sales increase of 0.6 percent was double what economists were expecting.
Collins & Aikman Sells Two Units
October 12, 2007 6:00 am | News | CommentsInternational Automotive Components bought the company's soft trim division and its former interior parts plant, which generate $600 million in annual sales.
Chrysler Workers Wary Of New Labor Contract
October 12, 2007 5:20 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | News | CommentsLabor experts are already predicting that the UAW will have a tough time selling its tentative agreement to Chrysler workers.
GM Enjoys Robust Sales In India
October 12, 2007 5:14 am | by Rajesh Mahapatra, AP Business Writer | News | CommentsIn the past six months the U.S. automaker sold 21,000 cars — nearly 2 1/2 times the number it sold in India for the same period last year.
Hyundai Considering Russian Factory
October 12, 2007 5:03 am | News | CommentsSouth Korean automaker studying whether to build a factory in Russia; plant would have a capacity of 100,000 vehicles a year.
Toyota Exec To Become Ford Marketing Chief
October 11, 2007 11:13 am | by Dee-Ann Durbin, AP Auto Writer | News | CommentsJim Farley will join Ford in mid-November after nearly two decades at Toyota Motor Corp, most recently as group vice president and general manager of its U.S. sales arm.
UAW Settles With Chrysler, Ratifies GM
October 11, 2007 5:24 am | by Tom Krisher and Dee-Ann Durbin, AP Auto Writers | News | CommentsUnited Auto Workers reaches tentative deals with two automakers; union now moves on to Ford, which could be toughest bargainer because of weakened financial state.
Quick Resolution Relieves Chrysler Workers
October 11, 2007 5:04 am | by Tom Murphy, AP Business Writer | News | CommentsAbout six hours after the 11 a.m. walkout Wednesday, the UAW and Chrysler agreed on a tentative four-year contract, easing anxiety for thousands of workers across the country.
Chrysler Workers Go On Strike
October 10, 2007 9:20 am | by Dee-Ann Durbin, Associated Press | News | CommentsThousands walk out Wednesday after automaker and UAW fail to reach a tentative contract agreement before a union-imposed deadline.
Hyundai To Temporarily Close Alabama Plant
October 10, 2007 6:45 am | News | CommentsAnalysts say sluggish demand for new cars in the U.S. following the subprime mortgage crisis has led carmakers to curtail production.
Indiana Workers Reject Proposed GM, UAW Contract
October 10, 2007 5:55 am | News | CommentsExpert says Marion plant workers' decision may have been influenced by General Motor's announcement it may close the plant after 2011.
EU To Probe Romania, Ford Car Plant Sale
October 10, 2007 5:26 am | by Aoife White, AP Business Writer | News | CommentsCommission looking to find out if Ford was planning to benefit from a debt write-off by the Romanian government not offered to other potential bidders.
GM Building Chevy Cars In Uzbekistan
October 9, 2007 7:30 am | News | CommentsJoint venture with Uzavtosanoat will initially assemble three Chevrolet models — the Captiva, Epica and Tacuma — with full-scale production slated to begin in the next three years.
Honda To Display Hybrid Sports Car At Motor Show
October 9, 2007 7:20 am | by Yuri Kageyama, AP Business Writer | News | CommentsTokyo-based Honda, which has sold about 220,000 hybrids worldwide so far, is eager to make its mark on hybrids by showing how its reputation for sporty cars will also work for hybrids.
Four More UAW Locals Vote In Favor Of GM Deal
October 9, 2007 7:10 am | News | CommentsUnion members with four locals across Ohio voted by wide margins to approve a tentative contract agreement with General Motors; a small local near Columbus rejected it.
UAW-Chrysler Talks Resume As Strike Looms
October 9, 2007 6:09 am | by Tom Krisher, AP Auto Writer | News | CommentsUnion's 11 a.m. Wednesday deadline may be a tactic to get Chrysler to give a little more.
Ford, Mazda To Invest In New Thai Auto Plant
October 9, 2007 6:02 am | by Thomas Hogue, AP Business Writer | News | CommentsAutomakers' $500 million commitment to a new small car production plant is the largest foreign investment in Thailand since last year's coup.
