Automobile industry
A letter from US lawmakers, including California Rep. Laura Richardson, has prompted Japan to revise its guidelines for the "eco-cars" program, a stimulus initiative similar to the US "Cash for Clunkers" program. The revision includes imported vehicles that were previously ineligible, such as those under the
Automobile industry
Asian automakers sold 47.4% of all cars and trucks in the US market in 2009, surpassing Detroit's three players for the first time, according to Autodata Corp. But with rivals in Detroit offering efficient and small cars, Asian manufacturers face a challenging year ahead. The market share
Automobile industry
The Dow Chemical Company is strengthening its connection to the automotive industry through a significant sponsorship of the "Electric Avenue" exhibit at the North American International Auto Show in Detroit. This marks the first time a non-automotive manufacturer occupies the main floor of the show. Dow's
Automobile industry
General Motors (GM) has begun manufacturing advanced lithium-ion batteries for its new electric vehicle, the Chevrolet Volt. The batteries will be produced at GM's Brownstown, Michigan battery pack assembly plant, which was converted from an empty facility in just five months. The Volt's battery pack is
Automobile industry
Michigan Governor Jennifer Granholm believes that the state's manufacturing sector is undergoing a transformation, driven by the transition to electric vehicles and alternative energy. The Governor stated that the production of lithium-ion battery packs for the Chevrolet Volt at General Motors' new battery plant in Brownstown Township
Automobile industry
The 68th edition of the Washington Auto Show will kick off on January 26, 2010, with a keynote address by Alan Mulally, president and CEO of Ford Motor Company. Mulally will speak on the theme of "Change Happens Here," highlighting the industry's shift towards sustainability and
Automobile industry
As the clock ticks down to midnight on December 31, new car buyers have a limited incentive to finalize their purchases. A law allowing buyers to write off or deduct the sales tax on their purchase is set to expire, courtesy of the American Recovery and Reinvestment Act. This tax
Automobile industry
The South Korean Ministry of Knowledge Economy released a report highlighting the most fuel-efficient cars sold on the local market in 2009. Hyundai Motor Co.'s Verna and Kia Motors Corp.'s Pride emerged as the top two subcompact cars, followed by Kia's Morning model in
Automobile industry
The European Commission has announced plans to revise regulations governing the motor vehicle industry, effective from June 1, 2013. The new rules will fall under the same EU rules that apply to vertical agreements between companies, and will not renew the block exemption regulation for the motor vehicle industry. However,
Automobile industry
Congressional hearings on government ownership and dominant shareholder influence highlighted significant concerns regarding transparency, accountability, and the lack of meaningful say on pay for shareholders. The December 2009 hearing, chaired by Representative Dennis Kucinich, brought forth expert opinions from various fields, shedding light on the complexities of government intervention in
Automobile industry
Toyota, the world's largest automaker, is increasing its pace to introduce plug-in hybrid vehicles, bucking its earlier reluctance to market lower-emission cars. The company's decision comes as its rivals, including General Motors and Nissan, are surging ahead with their own plug-in models. Toyota's executive
Automobile industry
Toyota's Melbourne production line is set to roll out the country's first locally-built hybrid-powered car, a cleaner and greener version of the Camry, on Friday morning. The car, developed for Australia under the federal government's $A500 million green car fund, will be built alongside
