Automobile industry
Rising costs of vehicle components and raw materials due to a weakening Indian rupee are likely to lead to price increases for cars in the country. The rupee plunged to an all-time low of Rs 52.50 against the US dollar on November 22, 2011, putting pressure on companies that
Automobile industry
The patent WO/2011/142112 published on November 17 describes a diesel engine control device and method for an automobile. The invention, developed by Mazda Motor Corporation and its inventors, aims to improve fuel efficiency by controlling the geometric compression ratio in the engine main body. The abstract outlines the
Automobile industry
Toshiba Corporation, a renowned Japanese electronics company, has announced that its innovative SCiB rechargeable battery has been chosen by Honda Motor Co., Ltd. to power its new electric car, the Fit EV. The SCiB TM battery module was developed in collaboration with Honda and has been selected after a comprehensive
Automobile industry
General Motors, Thor Industries, and Winnebago Industries ranked lowest in the automobile manufacturers industry with the lowest price to book ratios, indicating potential value to investors. While Tesla Motors Inc has seen a significant rise in its stock price since it was recommended as a potential investment by SmarTrend, it
Automobile industry
The presidents of major Japanese automakers, including Toyota, Nissan, and Honda, gathered in Tokyo to plead with the government to end what they call exorbitant taxes on cars. The taxes, which are estimated to be around twice or triple those in Great Britain and Germany, and 49 times those in
Automobile industry
General Motors announced today that sales in China rose approximately 10% in October compared to last year, with its head of China operations anticipating sales to double by 2015. In related news, the automaker is recalling over 38,000 2008 and 2009 Pontiac G8s due to an airbag issue. Meanwhile,
Automobile industry
A recent ruling by the National Labor Relations Board (NLRB) has highlighted the importance for dealerships to be aware of the law regarding social media posts and employee conduct. The case involved a BMW dealership that took disciplinary action against an employee for posting pictures and comments on Facebook about
Automobile industry
US manufacturing growth slowed in October due to weaker demand for exports and slower production at factories. However, companies ordered more goods, factories slashed their stockpiles, and auto sales rose, suggesting that manufacturing activity could rebound in the coming months. The Institute for Supply Management's manufacturing index dropped
Automobile industry
Ford Motor Company's Alan Mullaly has proven his commitment to long-term sustainability, as evident in his recent earnings announcement and the success of the Boeing 787 Dreamliner. Mullaly emphasizes the importance of understanding the business fundamentals and focusing on value creation. In an interview with Tom Keene, he
Automobile industry
Mayor Rahm Emanuel announced on [the date of the release is not specified] that 1,200 manufacturing jobs will be created in Chicago's Ford Motor Company plant on Torrence Avenue, resulting from the favorable national vote from the United Auto Workers union that approved a new labor contract.
Automobile industry
Mazda, aiming to offer American customers more potent and fuel-efficient engines, has announced plans to introduce new immediate-injection gasoline and diesel engines. Starting with the 2011 model year, Mazda will upgrade its lineup with the Sky engine, showcasing the first Sky gasoline engine in 2011 and a direct-injection Sky diesel
Automobile industry
Mayor Rahm Emanuel today announced a major boost to the city's economy, with Ford Motor Company set to create 1,200 manufacturing jobs at its plant on Torrence Avenue. The jobs, which will contribute to the city's growing economy and competitiveness, are a direct result of
