Minneapolis-based Honeywell, which makes products ranging from aircraft systems to automotive parts and chemicals, said the acquisition will complement its existing business and expand its expertise and its geographic footprint, particularly in high-growth countries like China.
Isuzu Motors Ltd. said it will sell the remaining 40 percent stake in its plant-operating affiliate in Poland to General Motors by the end of April. The U.S. automobile giant will raise its stake in Isuzu Motors Polska Sp. z.o.o. (ISPOL) to 100 percent from the current 60 percent it acquired from the Japanese truck maker in 2002.
The Obama administration has seized $21 million from troubled automaker Fisker Automotive Inc. just weeks after the company laid off three-fourths of its workers amid continuing financial and production problems. Fisker had received $192 million in federal loans before a series of problems led U.S. officials to freeze the loan in 2011.
Mitsubishi Motors Corp. said Tuesday it will recall its Outlander plug-in hybrid vehicle due to control program defects only three months after its launch. Subject to the recall are 3,839 units produced for the Japanese market between January and March, the automaker said in a report to the government.
The price of oil is being driven lower by rising global supplies and lower-than-expected demand in the world's two largest economies, the United States and China. As oil and gasoline become more affordable, the economy benefits because goods become less expensive to transport.
China's vehicle sales rose 13 percent in March, blistering growth by Western standards but down from 45 percent in 2009. With sales weak elsewhere, global companies that see China as a key part of their future are pouring money and technology into fighting for market share.
The Supreme Court says it will hear an appeal from automaker Daimler AG that seeks to shut down a U.S. lawsuit over allegations that its unit in Argentina played a role in that country's 'dirty war" in the 1970s. The justices said Monday they will review a federal appeals court ruling that allowed a lawsuit filed by 22 Argentines in California to proceed.
Fiat Chairman John Elkann says the Italian carmaker's shift to premium models remains a valid strategy as European sales continue to plummet. Elkann said Friday that Fiat, which owns Chrysler, is proceeding with its plan to launch 17 higher-margin premium models for export by 2016 to revive stagnant Italian production lines.
Toyota will start building the Lexus ES 350 at its Georgetown, Ky. plant in 2015, producing the luxury brand for the first time in the United States. The Japanese car company said Friday that the Georgetown plant will build about 50,000 of the vehicles each year, creating 750 new jobs.
Nissan is recalling more than 19,000 Nissan and Infiniti SUVs because a brake part can fail and make it harder for the driver to stop the car. The recall affects Nissan Pathfinder and Infiniti JX SUVs from the 2013 model year. The automaker says an iron brake caliper part wasn't made properly and can crack or fail.
A new recreational vehicle manufacturer announced plans Thursday to create 500 jobs in Elkhart County by 2016 in the second major jobs announcement for the industry in northern Indiana in nine days.Gov. Mike Pence joined executives of Grand Design RV as the company announced plans to locate its headquarters and manufacturing operations in Middlebury.
Honda is recalling nearly 205,000 minivans and SUVs in the U.S. to fix a problem with the automatic shifters. The recall includes the Honda CR-V small SUV and Odyssey minivan from the 2012 and 2013 model years. Also covered is the 2013 Acura RDX SUV.
New car sales across Europe slid 10 percent in the first quarter of 2013 to 2.9 million, down from 3.3 million in 2012, the European automakers association ACEA reported from Brussels on Wednesday. Even in Germany, one of Europe's strongest economies, new car sales plunged 13 percent during the first three months of the year.
The company said the plant opened by creating a new product with new suppliers and a new workforce and extra workers were brought on through a staffing supplier temporarily. Volkswagen said increased efficiency is allowing the plant to return to two daily shifts in what the company calls a workforce adjustment.
Toyota Motor Manufacturing Kentucky is in the running to produce an unspecified new vehicle model and add 570 permanent full-time workers at its Georgetown plant, according to details the carmaker provided to state officials to qualify for tax incentives.
Nissan Motor Co. in a report to the government Thursday said it will recall a total of 85,220 minivans produced between November 2010 and February 2012 under its Serena and Suzuki Motor Corp.'s Landy brands. A component of an electricity generator attached to the engine could drop out due to a defective installment.
Their home market is the world's biggest and growing. But independent automakers such as Chery and Geely are being squeezed by bigger, richer global rivals including General Motors and Nissan that have moved into turf the Chinese makers considered their own: low-priced models for local tastes.
General Motors' loss-making Opel division has confirmed it plans to end production at a plant in Germany by the end of 2014. Adam Opel AG said Wednesday in a statement that the Bochum plant would wind down production as part of its plan to reduce costs and turn the division around. The plant's 3,200 workers make the Zafira compact.
Seems Dubai police have a thing for Italian speed: They're making preparations to have a nearly $250,000 Ferrari join an even pricier Lamborghini as the flagship flash of its fleet. Photos carried Wednesday by the Emirates 24/7 online newspaper show the car getting the green-and-white colors of Dubai's police force.
Officials with Elio Motors, located in the former General Motors plant in Shreveport, said the helmet requirement could harm sales by sending a signal to consumers that the vehicle was unsafe. The bill by Rep. Barbara Norton, D-Shreveport, would modify the definition of autocycle to include enclosed motorcycles with a roll cage.
Toyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism. The Japanese automaker, which said Wednesday it had sold 5.125 million hybrid vehicles as of the end of March, started selling the Prius, the world's first mass produced hybrid passenger car, in 1997.
Automaker Daimler AG says it is selling its remaining 7.5 percent stake in EADS, the parent company of aircraft manufacturer Airbus. Daimler helped found EADS but now is cashing out to focus on its core business of making cars. It sold a 7.5 percent stake last year.
Sales of midsize and small pickups slumped after the recession as businesses curtailed spending. Ford Motor Co. stopped selling its Ranger small pickup in the U.S. in December of 2011 to focus on sales of its full-size F-150. Now sales are recovering as parts of the U.S. economy, particularly the housing sector, recover.
The “Technology in Automotive Manufacturing: Driving the Industry’s Future” videocast will feature Center for Automotive Research (CAR) President and CEO Jay Baron, Ph.D. The industry thought leader will discuss extended supply chains, globalization of standards and the need to maximize operational efficiency.
General Motors edged out fast-growing Volkswagen in first-quarter sales as both companies try to close the gap with Toyota for the global world sales crown. Toyota, which is scheduled to release first-quarter numbers next week, dethroned GM to retake the top spot in 2012.