Chinese Carmakers Agree to Buy Saab, Pulling It Back From the Brink
Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade have agreed to pay €100 million, or $140 million, for Saab and its British unit, said Swedish Automobile, the parent company. The deal...
View ArticleChrysler to Add 1,100 Jobs in Toledo, Ohio
The new jobs, to be filled in 2013, amount to more than half of the 2,100 that Chrysler committed to creating under the four-year labor agreement that its unionized workers ratified in October. “We are...
View ArticleWorking For Less: U.S. Manufacturing Gains Jobs as Wages Retreat
That is particularly true of global manufacturers like General Electric. With labor costs moving down at its appliance factories here, the company is bringing home the production of water heaters as...
View ArticleThe Caucus: Chrysler Chief: Jeep Production Isn’t Moving to China
Chrysler’s chief executive on Tuesday strongly refuted claims that production of Jeeps would shift to China, an insistence that cast further doubt on the Romney campaign’s recent efforts to undercut...
View ArticleFord Names an Operating Officer Who Is Seen as a Possible New Chief
The management changes solidified a closely watched succession race at Ford, the nation’s second-largest automaker, and reassured investors concerned about a premature departure by Mr. Mulally. The...
View ArticleDealBook: Ally to Sell International Operations to G.M. for $4.2 Billion
Chris Keane/ReutersAn Ally Financial building in Charlotte, N.C. Ally Financial‘s international operations are about to find a new home — with the lender’s former parent, General Motors. Ally agreed on...
View ArticleFrench Automakers’ Biggest Problem Is the French Consumer
Two of the workers were busy refining their already considerable skills at an auto-racing video game. Down the avenue at the Renault showroom, business was hardly brisker. Only at the nearby...
View ArticleG.M. to Invest $5.2 Billion in Opel Through 2016
GM is aiming for a slight improvement in its European business this year, but not enough to avoid a 14th straight annual loss as car sales on the continent plunge to their lowest in almost two decades....
View ArticleVoice-Activated In-Car Systems Are Called Risky
These systems let drivers use voice commands to dictate a text, send an e-mail and even update a Facebook page. Automakers say the systems not only address safety concerns, but also cater to consumers...
View ArticleEuropean Automakers Hope Technology Can Lure Younger Buyers
With sales at their lowest level in two decades, auto industry managers gathering for the Frankfurt auto show next week will be doing their best to focus on shiny new technologies rather than on the...
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