Fiat and Chrysler CEO Sergio Marchionne on Friday proposed a joint venture with Chrysler LLC to build Alfa Romeo and Jeep brand vehicles at Turin’s Mirafiori auto plant.
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EPA rates Chevy Volt at 93 mpg
General Motors Co. said Wednesday that its Chevy Volt will carry an overall fuel economy rating of 60 miles per gallon, topping the Toyota Prius, the long-time fuel economy leader.
GM has begun to build the long-awaited Volt at a Detroit-area factory, with initial sales expected for December. Get the full story »
GM, Isuzu recall 192K pickups over child-seat issue
General Motors and Isuzu are recalling more than 192,000 midsize pickups to fix a problem with child safety seat anchors. Get the full story »
Chrysler to invest $843M in Kokomo plants
Chrysler Group LLC said Tuesday it is looking to invest $843 million to improve its Kokomo, Indiana, plants to produce a new transmission and retain about 2,250 jobs.
Chrysler said the Kokomo improvements would push its total investment in U.S. facilities to nearly $3 billion since the automaker emerged from a government-funded bankruptcy under the management control of Italy’s Fiat SpA in June 2009. Get the full story »
Nissan Leaf to get equivalent of 99 mpg
The Nissan Leaf, a 100 percent electric car is test driven at the 2010 Los Angeles Auto Show. (AP/Damian Dovarganes, file)
Nissan’s new electric car, the Leaf, will get the equivalent of 99 miles per gallon in combined city and highway driving, based on government testing.
Nissan says the Environmental Protection Agency’s fuel efficiency window sticker will estimate that the electric car will get the equivalent of 106 mpg in city driving and 92 mpg on the highway. Get the full story »
NHTSA to look into Accord hybrid acceleration
The National Highway Traffic Safety Administration will decide whether to open a full-fledged investigation into possible acceleration problems with the Honda Accord gas-electric hybrid, according to documents posted on the federal agency’s website Monday.
A woman, who was not identified, filed a complaint seeking an investigation and recall of the 2005 Accord Hybrid after a crash in July 2005 that left her injured and a passenger dead. Several people in other cars were injured, the documents said.
One more hurdle for Volt: EPA mileage rating
General Motors has begun commercial production of the Chevrolet Volt, producing cars at the automaker’s Detroit plant intended for sale or lease to consumers.
But there’s one final problem, one that’s been dragging on for years, that needs to get cleared up. Get the full story »
Judge won’t toss Toyota acceleration suits
A federal judge in California says he won’t dismiss lawsuits against Toyota from car owners who claim sudden-acceleration defects caused the value of the vehicles to plummet. Get the full story »
Chevy to sell Volt in Chicago by mid-2012
Expect the Chevrolet Volt to be available in the Chicago area by mid-2012, when General Motors rolls out its extended range electric car across the country. Get the full story »
EPA delays ruling on E15 fuel for older cars
The U.S. Environmental Protection Agency will delay a decision that was expected in December on whether gasoline blended with up to 15 percent ethanol is safe for vehicles built for the 2001 to 2006 model years, a source familiar with the matter told Reuters on Friday. Get the full story »
GM’s Chevy Volt named green car of the year
(Bill Pugliano/Getty Images)
The Chevrolet Volt plug-in electric car, the centerpiece of a revitalized General Motors, was named 2011 Green Car of the Year on Thursday.
The highly anticipated Volt received the industry’s top environmental honor the same day GM shares began trading on the New York and Toronto stock exchanges.
The Volt edged out the Nissan Leaf, Ford’s Fiesta, the Hyundai Sonata Hybrid and the Lincoln MKZ Hybrid to win the award. Get the full story »
Former car czar Rattner settles with SEC
Former Obama car czar Steven Rattner has agreed to pay $6.2 million to settle federal charges over his role in a “pay-to-play” scandal, but says he won’t be “bullied” into accepting a harsher penalty from New York’s attorney general.
Allstate launches pay-per-flat roadside assistance
Allstate Corp. has launched a pay-per-use roadside assistance program that doesn’t require annual fees.
The Northbrook-based insurer cited studies showing that the average driver uses roadside assistance services just once every three years. Allstate said its Good Hands Roadside program meets the needs of 35 million households in the U.S. without such services, as well as 52 million households that pay annual fees for roadside assistance. Get the full story »
U.S. Treasury plans to reduce GM stake to 37%
The U.S. Treasury will raise gross proceeds of at least $11.8 billion in the General Motors Co. initial public offering, reducing its ownership stake in the bailed-out automaker to just under 37 percent. Get the full story »
