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Automaker News
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Friday, 27 November 2009 23:35 |
Chrysler said recently that its in-house team of electric car development engineers had been disbanded and will be folded into the company's organizational chart. The announcement comes three months after Chrysler took $70 million in grants from the U.S. Department of Energy to develop a test fleet of 220 hybrid pickup trucks and minivans. It comes less than a year after Chrysler built its case for federal aid -- it received $12.5 billion -- by showing flashy designs of electric sports cars, trucks and vans, and promising 500,000 battery-powered vehicles on the road by 2013.
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Read more... [Detroit automakers differ over electric car future]
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Automaker News
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Tuesday, 02 June 2009 22:27 |
June 2 (Bloomberg) -- General Motors Corp. and Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd., a Chinese equipment maker, confirmed details of their proposed transaction for Tengzhong to acquire the Hummer sport-utility vehicle brand.
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Read more... [Tengzhong in Advanced Talks to Buy Hummer From General Motors]
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Automaker News
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Wednesday, 04 February 2009 00:00 |
Hyundai’s U.S. sales gained 14 percent after it began a program to let customers who lose jobs return cars. Toyota Motor Corp., the world’s biggest automaker, posted a 32 percent decline, Honda Motor Co. fell 28 percent and Nissan Motor Co. fell 30 percent.
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Read more... [Hyundai Carries Asian Car Manufacturers]
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Automaker News
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Sunday, 30 November 2008 07:35 |
Honda is set to hike car prices across models by Rs 10,000 to Rs 1.5 lakh from January next year to factor in increased production cost due to depreciation of the rupee and expensive raw materials.
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Read more... [Honda to Raise Auto Prices]
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Automaker News
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Saturday, 22 November 2008 02:09 |
``Falling export demand is having a big impact on production in Japan,'' said Hirofumi Yokoi, a Tokyo-based analyst at automotive consulting company CSM Worldwide. ``It's unlikely plants will get shut down, but if things get worse, lines, shifts will have to be stopped and plans for new factories will be delayed.''
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Read more... [Toyota to Cut 3000 Jobs Amidst Falling Auto Sales]
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