by Paul A. Eisenstein | Mar 10, 2011
This is an updated report on the original story posted by TheDetroitBureau.com earlier this morning. There’s another management shake-up at General Motors, this morning, with Chris Liddell stepping down as the Detroit maker’s chief financial officer. He will be...
by Paul A. Eisenstein | Mar 9, 2011
Daimler AG and Rolls-Royce plc, the maker of aircraft and other engines, have organized a new joint venture company aimed at a takeover of Tognum AG, a maker of heavy-duty engines. The goal of the new venture, which is offering to pay Tognum shareholders a 30% premium...
by Paul A. Eisenstein | Mar 9, 2011
When Toyota President Akio Toyoda outlined his company’s new “Global Vision,” which calls for sales to grow 20%, to 10 million annually, China was expected to play a key role, eventually accounting for 15% of the maker’s worldwide volume. (Click Here for more.) And...
by Paul A. Eisenstein | Mar 9, 2011
It wouldn’t take much to get Audi to build a new plant in the U.S., says the maker’s U.S. chief executive, just better sales. After years of debating whether it needs to put a plant in North America, the Volkswagen subsidiary has finally concluded it’s a good idea,...
by Paul A. Eisenstein | Mar 9, 2011
Toyota is aiming to be the first automaker ever to hit the 10 million sales mark by 2015 – which would be a 20% jump from 2010 – by focusing on China and other emerging markets. That aggressive goal was outlined by President Akio Toyoda as he laid out the maker’s...
by Paul A. Eisenstein | Mar 8, 2011
Long identified with the latest in safety technology, Sweden’s Volvo is putting an increasing emphasis on battery power. By the end of the decade, in fact, the majority of its products will be driven by hybrid-electric, plug-in or pure battery-electric powertrains,...
by Paul A. Eisenstein | Mar 8, 2011
If you want anything faster you might have to hitch a ride off an aircraft carrier. The new Lamborghini Aventador’s 700-horsepower V12 can propel the supercar from 0 to 100 kmh (62.5 mph) in just 2.9 seconds, about as fast as a skydiver accelerates during freefall....
by Paul A. Eisenstein | Mar 8, 2011
Ford Motor Co. has awarded nearly $100 million in stock to its top two executives, CEO Alan Mulally and Chairman Bill Ford, as a reward for the company’s strong performance. The maker turned in a $6.6 billion profit, last year, its best earnings report since 1999, and...
by Paul A. Eisenstein | Mar 8, 2011
When General Motors went into bankruptcy, two years ago, the maker was pressed to eliminate its weakest North American brands. There were few surprises when it decided to drop Saab, Hummer and even Saturn, but the choice of Pontiac came as a shock, as most observers...
by Bryan Laviolette | Mar 8, 2011
Ford may have given up on small and mid-size trucks for the U.S. market, but GM isn’t ready throw in the towel yet. During its 2008 restructuring, GM said it would kill its mid-size Chevrolet Colorado and GMC Canyon pickups, but it would appear the automaker has...
by Paul A. Eisenstein | Mar 7, 2011
The first Tesla Model S sedan will roll off the maker’s new assembly line in mid-2012 and carry a base price of $57,400, which would drop to $49,900 after federal tax incentives of $7,500. Tesla will offer a wide-range of options – including a choice of three battery...
by Paul A. Eisenstein | Mar 7, 2011
America is facing a “deadly epidemic,” as more and more young people text or use cellphones while driving, warns Transportation Secretary Ray LaHood. A new study, conducted by the Department of Transportation and Consumer Reports magazine, reveals that 30% of those...
