The 2015 Chevrolet Corvette will have a new system that lets owners record their drives and share the video with friends. The system uses a windshield-mounted camera, a microphone, and a recorder to track data. Drivers can edit the videos to include their speed, location, lap times and other stats.
Factory orders rose 1.8 percent in November, the Commerce Department said Monday. That follows a 0.5 percent decrease in October. Orders received by manufacturers totaled a seasonally adjusted $497.8 billion in November, the highest level on records dating to 1992
GM says it will start outfitting most Chevrolet vehicles with 4G cellular capabilities in partnership with AT&T. The technology will let drivers make phone calls and allow passengers to surf the Web without burning through the voice and data limits on their phone plans.
A black-and-tan sign in Ron Lanning's office says it all: Simplify. The plant manager said the strategy has helped Autoline Industries Indiana's Butler factory increase sales by 400 percent and jobs by 300 percent since 2008. For comparison, manufacturing jobs decreased in Indiana by 9 percent during the same six-year period, according to the most recent data available from the Bureau of Labor Statistics.
Porsche Cars North America, Inc., the exclusive U.S. importer of Porsche sports cars including the Macan and Cayenne SUVs and the Panamera sports sedan, announced it has once again set an all-time U.S. sales record, with 42,323 cars sold in 2013 (plus 21 percent over 2012).
GM says it sold more than 230,000 cars and last month, down from nearly 246,000 a year ago. Sales of the Chevrolet Silverado pickup, GM's top-selling vehicle, fell 16 percent in a month that traditionally has strong pickup sales.
Most analysts are predicting that Americans bought around 1.4 million new cars and trucks last month, the fourth-best month of the year. That means the industry will finish 2013 with sales of about 15.6 million cars and trucks, roughly 8 percent better than the 14.5 million vehicles sold in 2012.
Chrysler finished 2013 with a 9 percent sales increase, posting its best annual numbers in six years as the auto industry's recovery hit full stride. The company said Friday that it sold just over 1.8 million cars and trucks last year, up from 1.65 million a year earlier.
Hybrid Technology LLC, owned by Hong Kong billionaire Richard Li, is seeking to buy Fisker's remaining assets in bankruptcy after paying $25 million for DOE's outstanding loan, resulting in a loss to U.S. taxpayers of $139 million, but would then sell the former General Motors plant meant for production.
Fiat already owns 58.5 percent of Chrysler's shares, with the remaining 41.5 percent held by a United Auto Workers union trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal.
A company has filed a proposal to buy the assets of Fisker Automotive, days before a hearing planned in the electric vehicle maker's bankruptcy. The proposed agreement between Fisker and Wanxiang America Corp. was filed Monday in bankruptcy court. A hearing on a possible sale of Fisker's assets is scheduled for Friday in Wilmington.
The C-MAX Solar Energi Concept car uses a gasoline engine combined with a gizmo that acts like a magnifying glass to concentrate the sun's rays on the vehicle's roof-mounted solar panels. The automaker says the vehicle's estimated combined city-highway mileage is 100 miles (160 kilometers) per gallon.
The automaker says it expects to sell at least 2.4 million Ford-brand vehicles this year, enough to make it North America's top-selling brand. It says it expects December sales to "grow substantially" compared to last December. The automaker says the strongest growth this year was in the West and Southeast.
Fort Lee resident Vincent Ip co-founded Mission Motorcycles of San Francisco. The company makes high-end, electric-powered motorcycles that Time magazine calls one of the top inventions of 2013. Ip was terminated in November for what the company's lawsuit calls unprofessional behavior including physical threats.
The recall affects 1.2 million Buick Excelles made from 2006 through part of 2012 and 250,000 Chevrolet Sails produced between April 2009 and October 2011 and some made last year. The bracket to be replaced might crack and in extreme cases cause a fuel leak.
Towing equipment maker Miller Industries is reporting mounting losses from a new product line in Greeneville. The Chattanooga Times Free Press reports that the company has also made a leadership change in naming William Miller II as the co-chief executive officer alongside the existing CEO, Jeff Badgley.
In 33 years at GM, Barra has worked in engineering, communications and human resources. She's gained in-depth knowledge of a company whose complexity contributed to its losing ground to rivals and, four years ago, a trip through bankruptcy court. In each stop, Barra analyzed the situation and simplified things. For instance, she streamlined designs by using the same parts in many different models.
Hyundai and its sister company Kia say they'll pay up to $395 million to consumers as part of a proposed settlement over overstated gas mileage. The automakers faced lawsuits after they acknowledged in November that they had overstated the fuel economy of some of its vehicles.
Global shifts in costs, processes and consumer purchasing habits put the U.S. in a position to revitalize its manufacturing sector and enhance businesses and industry at home. The only thing missing is enough skilled workers to maintain the momentum.
Fisker attorneys asked a Delaware judge in court papers this week to consider the demands of 157 former employees as general unsecured claims with zero value. The former employees, who filed a federal lawsuit in California alleging inadequate notice of the layoffs, claim they are owed about $3.8 million, with about half that amount entitled to priority over other creditors' claims.
The Michigan Economic Development Corp. this week announced that Circuit Controls Corp. and North American Lighting Inc. are getting incentives approved by the Michigan Strategic Fund. The state says the expansions could mean 112 new Michigan jobs.
For the first time, the vehicles need top crash test scores and a good front crash prevention system — such as warning systems or automatic braking — to get its highest designation. Vehicles are now ranked as either a "Top Safety Pick" or "Top Safety Pick +" if they meet the front crash protection criteria as well.
Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin. The companies said Thursday that Aston Martin and Daimler subsidiary Mercedes-AMG will develop V8 engines for a new generation of Aston Martin cars.
The automaker expects 10 percent revenue growth, improved market share in all regions except Europe and stronger cash flow than a year ago. The company released its forecast Wednesday ahead of a presentation to analysts by Chief Financial Officer Bob Shanks.
Novelis Inc. says it will invest $120 million to install a third aluminum automotive sheet finishing line and expand recycling of automotive scrap at its production plant near Oswego. The company says the expansion will create 90 jobs at its facility in the town of Scriba, and other upgrades to the plant also will be made.