Automobile industry
Lexus, Toyota's luxury brand, has maintained its position at the top of J.D. Power's reliability survey for used cars for the 12th consecutive year. The survey evaluated the durability of automobiles three years after they were sold, with Toyota ranking fifth and Honda's
Automobile industry
Superior Industries International, Inc. has announced its intention to distribute a regular quarterly cash dividend of $0.16 per share to its shareholders. The dividend will be payable on October 20, 2006, to those shareholders who have records as of October 6, 2006. This announcement marks a continued commitment to
Automobile industry
Sirius Satellite Radio Inc. (Nasdaq:SIRI) has signed a deal with Mitsubishi Motors North America to install its radios in four 2007 models and all 2008 models. This strategic move aims to increase subscriber rolls as the company competes with XM Satellite Radio Holdings Inc. (Nasdaq:XMSR). Meanwhile, Clear Channel
Automobile industry
The 2006 Los Angeles Auto Show, scheduled for November and December, is gearing up to be a major event, with eight major manufacturers, including Audi, Ford, and Nissan, planning to debut new production and concept vehicles. This trend marks a significant shift, with some companies planning multiple debuts, and automakers
Automobile industry
Japanese automakers, including Toyota, Honda, and Mazda, have increased their overseas production in the first six months of 2006, according to statistics released by the companies. Toyota's overseas output rose 12.9% to 1,964,374 units, while Honda saw a 8.5% increase to 1,170,601
Automobile industry
Valeo, a leading automotive supplier, has been recognized by Nissan for its innovative air quality system, which received a Nissan Global Supplier Award for Innovation. The automatic intake control system developed by Valeo Thermal Systems Japan was praised for its ability to detect pollutants in the air and ensure the
Automobile industry
The CEOs of General Motors and the Renault-Nissan alliance, Rick Wagoner and Carlos Ghosn, have agreed to a 90-day review of a potential partnership between the three companies. This move comes after an initial meeting in Detroit and letters from billionaire investor Kirk Kerkorian urging the companies to explore a
Automobile industry
Carlos Ghosn, the CEO of Nissan and Renault, sat down with CNBC's Maria Bartiromo in a "First-on-CNBC" interview to discuss the potential alliance between the two companies and General Motors (GM). Ghosn addressed concerns about his ability to handle a third job, given his current responsibilities
Automobile industry
As billionaire investor Kirk Kerkorian's proposal for an alliance between General Motors (GM), Nissan, and France's Renault gains momentum, GM's 7,330 dealers in the US are taking a critical stance. In an interview, Virginia-based dealer Ted Linhart, owner of one Nissan and seven
Automobile industry
Rick Wagoner, embattled CEO of General Motors, faces mounting pressure to step aside in favor of Carlos Ghosn, who leads both Nissan and Renault. Ghosn's management style has revitalized Nissan, and his involvement at GM could bring much-needed innovation and cost-cutting measures. However, integrating GM's diverse
Automobile industry
A major alliance between General Motors, Renault, and Nissan is on the horizon, potentially creating a $100 billion global auto giant. This partnership, proposed by billionaire investor Kirk Kerkorian, would see French carmaker Renault and Japanese carmaker Nissan team up with the US-based GM. The alliance would put Carlos Ghosn,
Automobile industry
French-Japanese car giants Renault and Nissan are reportedly ready to pay up to $3 billion for a 20% stake in US automaker General Motors, as part of a three-way alliance aimed at expanding their presence in North America. The proposal, which has been met with enthusiasm from some GM investors,
