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Detroit auto show signals a turnaround for the industry
Signs that the auto industry recovery is likely to continue this year are everywhere at the North American International Auto Show — massive two-story video screens, dozens of futuristic concept and previously unseen vehicles and thousands of car...Tags: Music, Passenger Cars, North American International Auto Show, Fiat, BMW
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GM loses $1 billion, will cut 25,000 jobs
Sun StaffGeneral Motors Corp., a symbol of American industrial might a half-century ago when it became the first U.S. company to make $1 billion in a year, announced plans yesterday to cut 25,000 jobs after losing more than $1 billion in the first quarter of...Tags: Medical Services, Stock Market, Economic Policy, General Electric Company, Employees
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War fears taking toll on U.S. economy
The Wall Street JournalNova Chemicals Inc. is spending about $5 million on the engineering drawings it needs to expand its petrochemical plant in Bayport, Texas. But Nova is waiting until summer before deciding if it will spend $40 million more to overhaul the plant. By then,...Tags: Saudi Arabia, Iraq War (2003-2011), Plant Openings, Stock Market, International Military Interventions
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Coal-fired profits ebb for railroads
More cars, less coal. That sums up the shipping trends at the biggest U.S. railroads so far in the second quarter. Three of the biggest freight railroads — Kansas City Southern,Norfolk Southern Corp.andCSX Corp.— reported strong growth in...
Tags: Coal, Alpha Natural Resources Incorporated, Inventories, Ford Motor Co., Auto Trends
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UPDATE 1-Nissan to make Infiniti at $315 mln China plant from 2014
ReutersBy Fang Yan and Ken Wills BEIJING, May 28 (Reuters) - Nissan Motor Co, Japan's No.2 automaker, will start making Infiniti cars at a 2-billion-yuan ($315 million) plant in China from 2014 as it moves to challenge the dominance of German rivals in the...Tags: Passenger Cars, Manufacturing and Engineering, Japan, PSA Peugeot Citroen, Infiniti
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UPDATE 2-Delphi offers $972 mln for FCI's motorized vehicles segment
Reuters* Co says acquisition to add about $0.24/shr to 2013 earnings * Sees total annual synergies of $80 million * Delphi shares up 3 percent May 24 (Reuters) - Auto-parts maker Delphi Automotive Plc made a binding offer to buy FCI Group's motorized vehicles...Tags: Goldman Sachs, Manufacturing and Engineering, Automotive Equipment, Stock Market, Toyota
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UPDATE 1-Toyota plans 8 compacts for emerging markets
Reuters* Toyota looks to lower dependence on mature markets * Aims to sell half of its vehicles in emerging mkts by 2015 TOKYO, May 25 (Reuters) - Toyota Motor Corp said on Friday it would roll out eight compact car models tailored for emerging markets by 2015...Tags: Passenger Cars, Manufacturing and Engineering, India, Japan, Automotive Equipment
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Toyota plans eight compacts for emerging markets
ReutersTOKYO (Reuters) - Toyota Motor Corp said on Friday it would roll out eight compact car models tailored for emerging markets by 2015 in an attempt to catch up to front-runners such as Volkswagen AG and General Motors Co . Toyota, which lost the crown as...Tags: Passenger Cars, India, Manufacturing and Engineering, Japan, Automotive Equipment
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VW labor to outline UAW stance to US plant workers
Reuters* Works council will not pressure US plant workers to join UAW * Organizing foreign-owned US plants critical for UAW * VW says US workers will decide whether UAW represents them By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany, May 24 (Reuters) -...Tags: Employees, Germany, Manufacturing and Engineering, Japan, Automotive Equipment
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Volkswagen labor to outline UAW stance to U.S. plant workers
ReutersWOLFSBURG, Germany (Reuters) - A top German union official will explain to hourly employees at Volkswagen's U.S. plant in early June that his group will not pressure them to join the United Auto Workers union, the automaker's top labor representative said...Tags: Employees, Germany, Manufacturing and Engineering, Japan, Automotive Equipment
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Nissan to recall 194,434 vehicles for parts defects
ReutersTokyo, May 24 (Reuters) - Nissan Motor Co is to recall 194,434 vehicles of the Caravan model and the Como, a van supplied to and sold by Isuzu Motors Ltd, because of defective parts, according to a filing with Japan's transport ministry on Thursday. Vans...Tags: Isuzu Motors Ltd., Japan, Product Recalls, Isuzu, Nissan
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Nikkei ticks down, investors wary of Greek exit
Reuters* Panasonic rises after investor relations day * Renesas up on TSMC microchip business tie-up TOKYO, May 24 (Reuters) - Japan's Nikkei average inched down on Thursday, extending the previous session's sharp fall a s investors remained skittish of a...Tags: Europe, Manufacturing and Engineering, Japan, Automotive Equipment, European Union
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