by Paul A. Eisenstein | Nov 8, 2010
BMW is making good on its commitment to building an electric car for the urban environment. The German automaker has announced that it plans to invest $744 million to move ahead with production of the all-electric Megacity at its assembly plant in Leipzig in old East...
by Joseph Szczesny | Nov 8, 2010
Magna Seating, an operating group of Magna International, one of the world’s largest automotive suppliers, is expanding its presence in South America with the acquisition of automotive seating supplier Resil Minas. The new entity will operate under the name Magna...
by Paul A. Eisenstein | Nov 8, 2010
Chrysler Group LLC reported an $84 million net loss for the third quarter of 2010, the only one of the domestic makers to go into the red during the July-September period. But the maker’s results nonetheless exceeded expectations announced a year ago, in the months...
by Bryan Laviolette | Nov 8, 2010
For the last four years, there didn’t seem to be much happening on Planet Chrysler. There was a dearth of new product and the ones that it did introduce were largely panned as poorly designed, engineered and styled. In that time, three masters ruled the company...
by Paul A. Eisenstein | Nov 8, 2010
Its stock price at a 6-year high, Ford Motor Co. hopes to maintain its momentum – and how it fares in the days and weeks ahead could have an impact on rival General Motors’ own return to public trading. Ford shares will open at $16.21 today, having risen by 2.2% on...
by Paul A. Eisenstein | Nov 5, 2010
A four-seat sports car that is also environmentally friendly? That seeming contradiction in terms was the idea behind BMW’s Vision Efficient Dynamics Concept, which quickly became one of the hits at the Frankfurt Motor Show, little more than a year ago. Making a...
by Paul A. Eisenstein | Nov 5, 2010
General Motors could turn a profit of as much as $13 billion a year, the maker is touting, as it begins the nonetheless challenging task of selling investors on its upcoming IPO. Though the maker has yet to set a final date for the initial public offering, it is...
by Paul A. Eisenstein | Nov 5, 2010
Ford Motor Co. is firing a series of broadsides at South Korea, accusing the Asian nation of keeping its market closed to foreign cars, even as it uses a free trade deal negotiated with the United States to expand auto sales here to record levels. Korean...
by Paul A. Eisenstein | Nov 5, 2010
Toyota Motor Co. did markedly better during the first half of its fiscal year, a senior company official disclosed Friday, but while strong sales in key markets, such as Asia will help it deliver better earnings than expected for the current year, the rising value of...
by Paul A. Eisenstein | Nov 5, 2010
The California battery-car start-up, Tesla Motors, is hoping a new deal with the electronics giant, Panasonic, will help quell lingering concerns about its long-term viability. The market seems to agree, Tesla shares jumping 14% after word of the deal, which makes the...
by Paul A. Eisenstein | Nov 4, 2010
Just how much money will the U.S. Treasury lose when General Motors holds its long-awaited IPO later this month? That depends on who you ask and how you count, it seems. By one accounting, taxpayers could get all their cash back – or at least all the cash committed...
by Paul A. Eisenstein | Nov 4, 2010
Normally found behind their desks at GM headquarters at ungodly early hours, the folks from Buick will be hitting the party scene, this evening, down in Miami. It’s not for the mojitos. Buick will be unveiling the latest in its fast-growing line-up, using the hot...
