Tesla Motors has announced a $121,000 sticker price for its Model S electric sedan in China, and called it a "big risk" because the company could charge twice as much. The fledgling U.S. automaker said Thursday it will add only unavoidable taxes and shipping charges to its U.S. price of $81,000.
Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013, and set an ambitious target to sell more than 10 million vehicles this year. That would mark a milestone as no automaker has ever topped annual worldwide sales of 10 million.
Ford isn’t resting on its laurels after unveiling the Ford Fusion Hybrid research vehicle last month — earlier today it announced new projects with the Massachusetts Institute of Technology and Stanford University to do some R&D on the biggest concerns and challenges surrounding autonomous driving.
Sales totaled almost 656,000 vehicles in 2013, buoyed by a robust economy, launches of new car models and a slight reduction in prices, said the Malaysian Automotive Association. This year, the association forecast growth to slow to 2.2 percent to reach 670,000 vehicles.
A General Motors supplier that manufactures acoustic insulation plans to open a new plant in Warrensburg. Michigan-based Janesville Acoustics announced Tuesday that the plant will supply the Chevrolet Malibu model built at GM's Fairfax plant in Kansas City, Kan. The plant is expected to create 164 jobs in the next two years.
The National Highway Traffic Safety Administration seeks to upgrade standards for child seats for children weighing up to 40 pounds to include a new test that simulates a side crash. The agency estimates the standards will prevent the deaths of about five children and injuries to 64 others each year.
None of the 12 minicars tested got the highest rating of "good" from the Insurance Institute for Highway Safety. The Chevrolet Spark was the only car that earned the second-highest rating of "acceptable." Six of the cars — including the segment's best-seller, the Nissan Versa — got the lowest rating of "poor."
Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.
Brazil is launching Latin America's first government-run auto crash test center, and experts say it's an important step forward for car safety in a country where inferior production standards mean motorists die at far higher rates than in the U.S.
Europe's largest car maker Volkswagen says it won't use the ranking of its "Golf" model as Germany's favorite car in its advertising, after it came to light the country's main automobile club fudged figures in its poll.
Pacific Gas & Electric Co. expects 800,000 electric vehicles to be on state roads by 2020 — there are only 20,000 now — creating a high demand for charging stations. Currently, there are about 5,000 public and workplace charging stations in California and 20,000 nationwide.
Trade Minister Mustapa Mohamad said new manufacturing licenses will be issued for carmakers producing green vehicles. It is a significant change in policy as the government previously only issued new manufacturing licenses for vehicles with engine size of 1.8 liters and above to protect national car makers Proton and Perodua.
Out with General Motors Co., in with China's No. 2 automaker: PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor.Spokeswoman Antonia Krpina at the capital-hungry French automaker said Monday its supervisory board has reached "cohesion" in talks announced last month involving Dongfeng.
General Motors Co. says new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker. GM said in a filing on Friday that Barra will also be eligible for $2.8 million in short-term incentives. Her pay would climb further if GM shareholders approve a new long-term incentive plan at their next annual meeting.
The government is closing its investigation into older-model Jeeps with fuel tanks that could rupture and cause fires.The National Highway Traffic Safety Administration said Friday it has "no reservations" with Chrysler Group's plans to recall the vehicles.
Ford's aluminum-clad F-150 shows us that automakers are figuring out how to improve fuel economy and still give Americans the big vehicles they want. Porsche's 911 Targa and pocket rockets from Volkswagen and Subaru demonstrate that buyers still love performance cars, no matter what their budget.
The vice president says "just like the automobile industry came back, Detroit is going to come back." He met Wednesday for dinner with Detroit Mayor Mike Duggan. The city is undergoing the nation's largest municipal bankruptcy, four years after General Motors and Chrysler emerged from their own restructurings.
For the second consecutive year, Smalley is pleased to have received General Motor’s prestigious GM Suppler Quality Excellence award. The company develops and manufactures retaining rins, constant section rings, snap rings and more, in standard configurations and non-standard sizes at no additional charge.
Ford Motor Co. is recalling 27,933 Edge crossovers in the U.S. because a damper in the fuel line could crack and cause fuel leaks. The recall involves Edges from the 2012 and 2013 model years with 2.0-liter engines. All of the vehicles were produced between September 2010 and April 2013.
The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.
Officials say National Instruments has joined the Commonwealth Center for Advanced Manufacturing as its 17th industry member. The Texas company helps engineers and scientists develop innovations and solutions for energy, aerospace, automotive and other industries. It serves 35,000 companies worldwide.
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.
A Michigan automobile parts company plans to build a new manufacturing facility in west-central Missouri. Janesville Acoustics plans to build a $13.4 million, 155,000-square-foot facility in Warrensburg to supply parts to a General Motors assembly plant in the Kansas City area.
A recovery in discretionary income is giving consumers reason to spend more on cars. And despite occasional spikes, gas prices have averaged around $3.50 to $3.60 nationwide for the past three years, a level more and more drivers have grown accustomed to.
Stueken, LLC, which provides precision deep draw and metal stamping to the automotive, electronics and consumer goods markets, will expand its Fountain Inn location to address growing customer demand. The $3.2 million investment will add at least 27 new positions in the near future.