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Renault gets approval from third labor union for job cuts


Renault gained the backing of a third labor union to implement its restructuring plan which involves eliminating 7,500 jobs and freezing wages. “We agreed to sign the deal,” Fred Dijoux, the leader of the CFDT union at Renault, told Bloomberg. Two other unions, the FO and CFE- CGC, have already said they would support the deal. The three unions represent about 64 ...
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Tesla will repay U.S. Energy Department loans five years early
Tesla Motors has announced it will repay the loans to the U.S. Energy Department five years ahead of schedule in a plan approved by the government. Tesla Motors received $465 million ...
Honda investing $1 billion in new Acura models
Honda is investing $1 billion in its luxury brand Acura to launch a series of new products, including the flagship RLX sedan, an MDX sport wagon and the return of ...
GM denies reports about CEO Dan Akerson’s pay rise
General Motors today strongly denied media reports that said the company had requested an increase in CEO Dan Akerson's compensation for 2013. The Detroit News and Bloomberg said on Monday GM was ...
Hurricane Sandy damage toll reaches 250,000 vehicles
The total number of cars damaged in superstorm Sandy rose to 250,000, an insurance-industry group said. The state of New York had the highest number of damaged vehicles – 150,000. New ...
Report: Alan Mulally to get bonus payment after employment ends
Ford CEO Alan Mulally will receive a bonus after his employment ends as reward for leading the automaker through its turnaround. According to a Ford regulatory filing cited by Bloomberg, the ...
BMW turns to wind power for its plants
BMW will harness winds to secure power and defend profits as costs rise due to Germany's 550 billion euro plan to quit nuclear energy. Four wind turbine towers will soon supply ...
GM South Korea redeemed 700 billion won of preferred shares
General Motors South Korea announced it redeemed about 700 billion won ($649 million) of preferred shares to avoid paying higher dividends. GM Korea bought back the securities from creditors including Korea ...
Piech suggests VW will add at least one brand
Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world's largest carmaker by 2018. In ...
Ford sued by former UK workers for pensions’ transfer to Visteon
Ford was sued by more than 1,400 former UK employees for making misleading statements about the transfer of their pensions to Visteon Corporation during the spinoff of the auto parts ...

latest automotive news
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According to a regulatory filing, Fiat Chrysler Automobiles (FCA) forecasts that its net industrial debt would be trimmed down by ...
Bentley SUV might be called the Bentayga
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Seat Leon Cupra gets tuned by JE Design
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Toyota wants to further lower fuel cell powertrain cost
According to Toyota Motor Corp.'s lead fuel cell engineer, the automaker’s main concern when it comes to the green technology ...
[VIDEO] 2016 Nissan Titan teased
The Japanese based automaker Nissan has recently released the first teaser video with the upcoming 2016 Titan, which might be ...
McLaren P1 totally ruined in Dallas
A McLaren P1 hybrid supercar has recently met its end in Dallas after it has been severely crashed. Owning your dream ...
Japan: tests show Takata airbags not involved in recalls can still rupture
Automakers could soon be forced to expand even more their recalls of Takata Corp airbags – already tied to five ...
BMW 3-Series Plug-in Hybrid prototype shown
The BMW 3-Series Plug-in Hybrid prototype has been recently unveiled, during the Group Innovation Days 2014. BMW’s newest creation is actually ...
Mercedes has one hot-selling compact range
The third-largest premium automaker in the world, Daimler AG’s Mercedes-Benz just showed the first pictures and revealed the first details ...
US: new recalls show Takata crisis is far from containment
At least 16 million cars have been recalled worldwide – with more than 10 million units in the US alone ...
Porsche SE could face linked lawsuits under German class-action law
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US: Chrysler says Takata-related recalls would start earlier than planned
According to the company, the Chrysler Group LLC has decided to send out recall notifications to owners of autos that ...
China: study sees the wealthiest people buying Mercedes-Benz models
According to a new brand research study conducted in China, the world’s largest auto market and the second-biggest when judging ...
BMW plans to shrink Mini range
The German automaker, the largest premium carmaker in the world has announced a strategy for its British Mini marquee that ...
BMW against Germany upholding strategy for quota of board women
Bayerische Motoren Werke AG – the world’s largest luxury automaker – alongside other important industrial companies in Germany has decided ...
Report – Honda recalled Takata-equipped cars back in 2002
According to documents seen by Reuters, the third-largest Japanese automaker – Honda – also the biggest client for auto safety ...
Rosberg ‘not angry’ with Mercedes after title loss
Nov.27 (GMM/Inautonews.com) Nico Rosberg insists he is "not angry" with Mercedes after technical trouble ended his world championship hopes ...
Vettel to take Italian language lessons – report
Nov.27 (GMM/Inautonews.com) Sebastian Vettel will take private lessons in Italian as he gets up to speed with life at ...