Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
General Motors is expanding a recall of some 2011 trucks and SUVs to fix a problem that could cause the vehicles’ rear axles to lock.
The recall, originally announced in December, now covers 26,751 Cadillac, Chevrolet and GMC trucks and SUVs. The models affected are: Cadillac Escalade, Escalade ESV and Escalade EXT; Chevrolet Avalanche, Colorado, Silverado, Suburban and Tahoe; and GMC Canyon, Sierra, Yukon and Yukon XL. Get the full story »
AM General plans to lay off 300 workers from the northern Indiana factory that makes Humvees for the military. Get the full story »
General Motors Co. has completed the contribution of 60.6 million shares of its stock to its U.S. hourly and salaried pension plans, wrapping up the last part of its planned $6 billion in payment. Get the full story »
A manufacturer of fully electric vehicles has increased production sooner than expected and will add 70 more jobs this year, welcome news in a region battered by layoffs at recreational vehicle plants.
Think North America, with 27 workers currently, will add the new jobs in hopes of producing 2,500 cars this year at its Elkhart operations in a former RV plant, WNDU-TV reported Thursday. The company began production in October. Get the full story »
Fiat has made fast progress toward clearing a second benchmark in restructuring Chrysler that could take its ownership in the U.S. automaker to 30 percent. Get the full story »
General Motors Co. wants pay for union-represented workers be tied to employees’ work performance and the company’s financial health — much like the way its salaried workers are paid — in what would be a major shift in how generations of auto workers have been compensated.
“They are trying to give hourly workers the same metrics as salaried workers,” GM Vice Chairman Stephen Girsky said Tuesday at the Detroit auto show. “There is a big pay-for-performance element going through the company and there is going to be more of it.” Get the full story »
A big cut in product development spending while General Motors was in bankruptcy protection set the company’s product development plans back by about a year, its top executive told reporters Tuesday.
Chairman and CEO Daniel Akerson said the company is working to accelerate vehicle plans that were postponed when research and development spending was cut to $5 billion per year as the company was trying to save money during its 2009 stay in bankruptcy protection. The spending has since been restored to $7 billion.
General Motors Co. is looking to apply the technology of its Chevrolet Volt to a wide array of vehicles, potentially including a Cadillac SRX plug-in, Chief Executive Daniel Akerson said Tuesday.
The automaker is developing a hatchback and a crossover that could use the Volt technology, Akerson said during a speech at the Automotive News World Congress. Get the full story »
Maserati will get its own SUV model next year, built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the companies announced Tuesday.
Sergio Marchionne, the CEO of Jeep parent Chrysler Group and Maserati parent Fiat, said that the new vehicle will debut in 2012 and that it will contain an engine designed by another Fiat unit, Ferrari. Get the full story »
Italy’s Fiat lifted its stake in Chrysler to 25 percent Monday as Chief Executive Sergio Marchionne prepares for an upcoming round of meetings with bankers to refinance Chrysler’s debt and to ready an initial public offering of shares. Get the full story »
Ford Motor Co. says it will add more than 7,000 workers in the U.S. over the next two years as it begins producing several new vehicles. Get the full story »
BYD Co Ltd., a Chinese car and battery maker backed by Warren Buffett, expects to enter the mass U.S. auto market in the first quarter of 2012, starting with its e6 electric car model, its chairman said on Monday. Get the full story »
The Chevrolet Volt plug-in electric car, the centerpiece of General Motors’ comeback, was named North American Car of the Year Monday. Ford Motor Co.’s latest incarnation of its Explorer sport utility vehicle was named 2011 Truck of the Year, edging out the Jeep Grand Cherokee and the Dodge Durango. Get the full story »
Ford unveiled the Focus Electric at the Consumer Electronics Show in Las Vegas Friday, promising an electric car that’s fun to drive.
Ford’s electric will have a top speed of 84 miles per hour and the suspension, steering and brakes will be shared with the gasoline-powered car. Get the full story »
