Automobile industry
Ford Motor Company, under the leadership of President and CEO Alan Mulally, is projecting a 50% increase in production by mid-decade. This growth is attributed to the expansion of the Asia-Pacific region, combined with a slower growth in more mature markets. Despite the economic challenges faced by the US, Ford
Automobile industry
Mazda Motor Corporation has announced that it will build its next midsize car for the North American market at its Hofu Plant in Yamaguchi prefecture, Japan, as part of efforts to increase global manufacturing efficiencies. The company will transfer production from its current location in Michigan, USA, to Japan, citing
Automobile industry
Dynamatic Technologies, a components manufacturer for major auto companies, has acquired German automotive component maker Eisenwerke Erla GmbH. The deal gives Dynamatic access to marquee customers in automotive and turbocharger markets, enhancing its design, development, and manufacturing capabilities. The acquisition also includes a 630-year-old foundry, which supplies to global automobile
Automobile industry
Automakers had a mixed performance in May, with some brands experiencing growth while others saw decline. General Motors Co. reported a 1 percent decrease in sales to 221,192 vehicles, while Ford Motor Co. saw its sales remain flat compared to May 2010 at 192,102 vehicles. Toyota Motor Sales
Automobile industry
Toyota Motor Corp., the world's top automobile seller, is introducing a social network for its cars, dubbed "Toyota Friend", that allows users to connect with Twitter and Facebook. The service, launched through an alliance with Salesforce.com Inc., aims to provide owners of future Toyota electric
Automobile industry
Ford's Team RS and SVT engineering teams are putting a fleet of around 60 pre-production prototypes of the new Focus ST through a punishing regime of testing and development to fine-tune the car's driving dynamics and performance. The new Focus ST will be powered by a
Automobile industry
As U.S. Secretary of Transportation Ray LaHood toured the construction site of Nissan's advanced lithium-ion battery plant, the company marked a significant milestone in its commitment to clean transportation. Situated in Franklin, Tennessee, the 475,000 sq.-ft. facility will be the largest in the country capable
Automobile industry
General Motors (GM) and DTE Energy are collaborating to install a large-scale photovoltaic (PV) solar array at the Detroit-Hamtramck assembly plant in Southeast Michigan. The solar array, valued at $3 million, is expected to be completed by the end of the summer and will significantly reduce the facility's
Automobile industry
The auto industry is grappling with the growing importance of social media in reaching consumers and selling cars. While some executives, such as AutoNation CEO Michael Jackson, question the effectiveness of social media, others see it as an essential tool for connecting with customers. According to Subaru of America'
Automobile industry
Magna International, the largest auto parts supplier in North America, has seen a significant boost in profits as the auto industry recovers. At a Bloomberg Link event in Toronto, Canada, Frank Stronach, the founder of Magna, discussed the industry's future and his company's approach to success.
Automobile industry
Diesel cars are putting pressure on hybrids, with some models matching or even surpassing their fuel efficiency claims. According to Which?, a sporty BMW 320ed achieves 64.2 miles per gallon, while a Toyota Prius manages 61.4mpg. This means that over a year of driving 12,000 miles, a
Automobile industry
Peter Honegg, the CEO of Mercedes-Benz in India, has acknowledged that the company was caught off guard in the country's rapidly growing automotive market. Despite entering the market about a decade earlier than German rival BMW, Mercedes-Benz found itself ceding pole position to its competitor in 2009. However,
