Automobile industry
U.S. car company executives are on Capitol Hill, seeking relief from pension and healthcare costs. The CEOs of GM, Ford, and Chrysler also want to expand the number of ethanol fueling stations. Despite anticipating layoffs and plant closures, the automakers stress they are not seeking a bailout. Industry executives
Automobile industry
Volkswagen's massive restructuring plan in Brazil has left thousands of workers facing potential job losses. In response, workers' representatives have voted to stage strikes and demonstrations to pressure the company to reconsider its decision. The walkout, which is scheduled to begin on May 22, aims to halt
Automobile industry
A recent report by Which?, a British consumer publication, has raised eyebrows among Australian car companies, particularly Toyota and Honda, after it revealed that their hybrid cars are not as fuel-efficient as claimed. The study tested three hybrid vehicles, including Toyota's popular Prius and Honda's Civic
Automobile industry
In April 2006, the US auto market experienced mixed results, with DaimlerChrysler AG reporting a 6% decrease in total sales compared to April 2005, while Mercedes-Benz USA recorded a 13% increase. The Chrysler Group, comprising the Chrysler, Jeep, and Dodge brands, posted a significant 8% drop in sales, selling 190,
Automobile industry
Moody's Investors Service Inc. has stated that an investigation into Hyundai Motor Chairman Chung Mong-koo on bribery charges is unlikely to affect the credit ratings of the country's top carmaker and its affiliate Kia Motors Corp. The investigation, which sought an arrest warrant for Chung and
Automobile industry
The world's largest car manufacturers have reported their financial results for the past 12 months, with Toyota taking the top spot with a staggering £6.07 billion profit. Renault comes second, closely followed by Nissan, with the Renault-Nissan stable narrowly behind the Toyota empire. Honda, DaimlerChrysler, BMW, and
Automobile industry
The UK car industry is facing increasing pressure to reduce its carbon footprint, with the Society of Motor Manufacturers and Traders (SMMT) admitting that current reductions are not enough to meet European targets. Despite a 1.2 per cent cut in average new car carbon emissions last year, the industry&
Automobile industry
Coventry City Council, reeling from the loss of 2,300 jobs at the Peugeot plant in Ryton, is making a desperate appeal to the Government for a super casino to boost the local economy. Peugeot's parent company, PSA, had assured production would continue until 2010, but the French
Automobile industry
British manufacturing received a severe blow as PSA Peugeot-Citroen announced the closure of its Ryton plant in Coventry, resulting in the loss of 2,300 jobs. The decision was met with dismay from trade unions and local business leaders, who expressed concerns about the impact on the local economy and
Automobile industry
Mazda, a Japanese automotive giant, has unveiled a new seven-seat SUV, the CX-9, which is set to compete with the popular Volvo XC-90 in the North American market. The CX-9 is designed to blend sporty driving characteristics with practicality, making it an attractive option for families and individuals seeking a
Automobile industry
Czech sales of Volvo station wagons and SUV models, registered as Light Utility Vehicles (LUVs), showed a positive trend in the first quarter of 2006, with 146 units sold between January and March. This represents a slight increase from the same period in 2005, when 141 LUVs were sold. In
Automobile industry
China's auto engine production is expected to hit 5.35 million units in 2006, a significant increase from 1.56 million units produced in 1998. The growth of auto engine market is mainly attributed to the rapid production of gasoline engines. The production and marketing of auto engines
