Automobile industry
South Korea's automobile and oil refining industries are expected to enjoy a boom in exports in the fourth quarter of this year, driven by growing overseas demand, while the construction and steel industries face a grimmer outlook due to the domestic property market slump and global market conditions.
Automobile industry
Volkswagen and Skoda, two German and Czech automobile manufacturers, have been granted a patent for a groundbreaking hybrid motor vehicle technology. Developed by four co-inventors, the system controls the operation of a motor vehicle equipped with a hybrid drive unit, utilizing a combustion engine and at least one electric machine.
Automobile industry
A new partnership between Fiat and the Salesian Don Bosco Technical Institute in India has launched a vocational training program, "Diksha," to address the region's growing job demands. The program comes at a critical time, as the World Bank has reported that South Asia will need
Automobile industry
Auto sales continued to show strength in September, despite concerns over consumer confidence and economic growth, with new-vehicle retail sales projected to reach 842,000 units, marking the first time since April that the retail seasonally adjusted annualized rate has been above 10 million. This comes as a surprise, given
Automobile industry
China's efforts to promote environmentally friendly transportation have shown significant results, with the production of over 4.3 million energy-efficient cars since the introduction of a government subsidy program in June 2010. The program, aimed at reducing carbon emissions and promoting green technology, offered manufacturers a sales subsidy
Automobile industry
At the Frankfurt auto show, carmakers are seeking to downplay economic concerns in Europe and the US, instead focusing on innovations such as cleaner, smaller, high-mileage vehicles aimed at shifting consumer tastes. Despite a rocky economy, the industry has been riding the global recovery, but now faces shakier prospects due
Automobile industry
The Frankfurt Auto Show is currently underway, and General Motors is launching several new products. Bloomberg TV's Deirdre Bolton spoke with GM's Vice Chairman of Corporate Strategy, Stephen Girsky, about the automaker's strategy and the prospects of smaller cars. Girsky emphasized GM's
Automobile industry
Car sales in India declined for the second consecutive month in August, down 10% to 144,156 units as against 160,713 units sold a year ago, due to rising interest rates and higher fuel costs that dampened demand. Despite the onset of the festival season, many big car makers
Automobile industry
Mercedes-Benz has been experiencing a difficult time in the luxury car market, with BMW and Audi consistently outperforming it in terms of profit margins. In an effort to regain its position as a leader in the sector, Mercedes is planning to launch new models, including a convertible version of its
Automobile industry
Weak consumer confidence and the impact of Hurricane Irene failed to dampen US auto sales in August, with most carmakers reporting better results compared to the same period a year earlier. Despite the challenges, the industry continued its streak of consecutive year-over-year increases, with General Motors, Ford, and Chrysler all
Automobile industry
The U.S. Equal Employment Opportunity Commission (EEOC) has sued Ford Motor Company, Inc. for allegedly failing to provide a reasonable accommodation to a disabled employee at its Dearborn, Michigan facility. The lawsuit claims that instead of accommodating the employee, Ford retaliated against her by subjecting her to progressive discipline
Automobile industry
A chance meeting between top executives of Ford and Toyota in an airport lobby has led to a partnership to jointly develop a gas-electric hybrid engine for pickup trucks and sport utility vehicles. The companies aim to make the technology more affordable for customers and bring it to market faster,
