Automobile industry
A report by Transport and Environment (T&E) reveals that only five of the twenty major car brands sold in Europe have met their commitments to reduce CO2 emissions. Fiat, Citroen, Renault, Ford, and Peugeot are the only ones to have achieved this goal, while Volkswagen lags behind. The
Automobile industry
Mass layoffs in the auto industry have led the U.S. Department of Labor to introduce an initiative providing up to $6,000 in federal retraining money over two years to displaced workers. Five states, including Minnesota, have been chosen to participate in the Career Advancement Accounts program, which aims
Automobile industry
Among the top 20 car brands in Europe, only Fiat, Citroen, Renault, Ford, and Peugeot are on track to meet voluntary targets to reduce greenhouse gas emissions. The study by Transport & Environment found that from 1997 to 2005, Nissan's carbon emissions fell by only a fifth of
Automobile industry
Andhra Pradesh Chief Minister Y S Rajasekhar Reddy has written to Volkswagen management, requesting that they stick to their original plan of setting up a manufacturing plant in the state. The move comes after reports emerged of the company considering an alternative location, Pune, instead of Visakhapatnam, the original destination
Automobile industry
Dozens of Amicus and T&G union workers gathered in Coventry city centre to express their outrage over Peugeot Citroen's surprise announcement to close the Ryton plant six months ahead of schedule. According to Tony Johnson, the Amicus convener for the plant, the closure is a result
Automobile industry
SAIC Motor, a Chinese automaker, has taken a significant step forward in the country's automotive industry with the introduction of its first own-brand car, the Roewe. The company held a ceremony in Shanghai to unveil the new brand, which is expected to compete with established players in the
Automobile industry
A more environmentally friendly version of diesel fuel, called ultra-low sulphur diesel (ULSD), is set to hit the US market, offering improved performance and reduced emissions. While car owners have been slow to adopt diesel-powered vehicles, the introduction of ULSD and new models equipped with exhaust-scrubbing technology could spark increased
Automobile industry
The collapse of talks on a global automotive alliance between General Motors, Nissan, and Renault has left Kirk Kerkorian, the 89-year-old corporate raider, with unclear options. Despite the limited impact on the value of his 9.9 per cent stake in GM, Kerkorian has expressed regret over the impasse, which
Automobile industry
The North American automobile market witnessed a slight rebound in sales of sport utility vehicles and pickup trucks in September, with sales increasing 1.2 percent from the previous year. However, the Detroit automakers General Motors and DaimlerChrysler failed to capitalize on this growth, with their market share declining due
Automobile industry
Japanese automaker Kinugawa Rubber is expanding its operations in Thailand, aiming to raise sales from 500 million yen in 2005 to 1 billion yen by 2008. The company plans to invest up to 1 billion yen in its Thai subsidiary by 2008, with the goal of boosting sales in the
Automobile industry
The top Renault executive, Patrick Pelata, has called for General Motors Corp. to enter an alliance with Nissan Motor Co. and Renault SA, citing the urgent need to counter the rising global dominance of Toyota Motor Corp. According to Frederique Le Greves, the top communications official for Nissan's
Automobile industry
The state of California has launched a lawsuit against six major US car manufacturers, alleging that they have contributed to global warming through vehicle emissions. The suit, filed in a US district court in northern California, accuses Ford, General Motors, Toyota, Honda, Chrysler, and Nissan of creating a "public
