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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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The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
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Ford closes Genk Plant in Belgium
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Toyota will invest $126M to expand powertrain operations
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Spyker declares bankruptcy
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Mazda readies seven tuned cars for its home Tokyo Auto Salon
The Japanese automaker has prepared seven tuned models, all of them scheduled to make their official public debut during the ...
Audi tells us that Q7’s 3D sound systems are the best around
The German automaker, the second largest premium auto manufacturer in the world, keeps giving us more details about its second-generation ...
[Video] Winner of the Land Rover challenge survives an encounter with the wild thanks to Bear Grylls
It’s impossible for a modern day human to not have at least heard of the formal Special Forces turned wilderness ...
[Video] Chevrolet continues to tease us with the 2016 Volt’s first interior footage
Mark Reuss is that very lucky guy to be able to test-drive any GM car before it’s launched. His latest ...
US: Hyundai to premiere new infotainment system during CES
We said it countless times before, and here’s another example that supports our opinion: automakers are increasingly using technology fares ...