Oct. 6, 2010 at 4:43 p.m.
Filed under:
Autos
By Reuters
A sketch of the Nissan-built hatchback that Smart USA will start selling late next year.
Penske Automotive Group subsidiary Smart USA said Wednesday that it will begin selling a subcompact car in the United States in late 2011, the first vehicle for the U.S. market under an expanded Daimler AG and Nissan Motor Co. partnership.
Penske, in a filing with U.S. regulators, said development, engineering and tooling costs to bring the four-door hatchback to Smart’s U.S. dealers will cost $25 million. About $1.5 million of that will be in the just-completed third quarter’s expenses. Get the full story »
Oct. 4, 2010 at 10:19 a.m.
Filed under:
Autos,
Green,
Recalls,
Technology
By Reuters
(AP)
Tesla Motors is recalling more than 400 of its battery-powered Roadsters because of the risk that a power cable in the vehicle could short and catch fire.
Palo Alto, Calif.-based Tesla said it had received one report of a 12-volt cable in the vehicle chafing against a panel, causing the cable to short. Get the full story »
July 29, 2010 at 5:43 a.m.
Filed under:
Autos,
Earnings
By Associated Press
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded, while its smaller rival Mitsubishi Motors Corp. narrowed its quarterly loss.
July 26, 2010 at 12:47 p.m.
Filed under:
Autos,
Recalls
By Reuters
2010 Nissan Cube
Nissan Motor Co. is recalling 51,100 Cube compacts in North America after U.S. safety regulators said a fuel leak could cause fire after a crash, the regulator and the automaker said Monday.
The chance that 2009 and 2010 Cubes could leak fuel if struck from the rear at 50 miles per hour led to the recall, documents from the National Highway Traffic Safety Administration show. Get the full story »
July 13, 2010 at 10:51 a.m.
Filed under:
Autos,
Manufacturing
By Reuters
Nissan Motor Co. said Tuesday that a delay in the supply of electronic control units from Hitachi Ltd. that is disrupting production in Japan could also affect its U.S. and Mexico factories.
Japan’s No.3 automaker said Monday it would halt part of its domestic production for three days starting Wednesday after Hitachi said delivery of engine control units was running behind schedule. Production would return to normal next week, it said. Get the full story »
June 29, 2010 at 11:03 a.m.
Filed under:
Autos,
IPOs
By Associated Press
Shares of Tesla Motors Inc. climbed in their trading debut after the electric car maker’s expanded initial public offering raised more money than expected.
Tesla’s performance was a feat in a sour market that has forced many companies looking to raise funds through IPOs to accept lower prices to get deals done. Get the full story »
