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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
Report of $231m deal for Hamilton ‘like satire’ – Wolff
Feb.28 (GMM/Inautonews.com) Toto Wolff has scoffed at a media report purporting to know the dizzying value of Lewis Hamilton's ...
Manor racing to be ready for Melbourne – Booth
Feb.28 (GMM/Inautonews.com) Team founder John Booth is confident the former Marussia team will make it to Melbourne. Having fought to ...
‘Manor Marussia’ on 2015 entry list
Feb.28 (GMM/Inautonews.com) As predicted earlier, the FIA on Friday published the official 2015 entry list that includes a place ...
Vettel hails ‘awesome’ pace from new Mercedes
Feb.28 (GMM/Inautonews.com) After a winter of apparent 'sandbagging', Mercedes finally let the cat out of the bag on Friday. Team ...
McLaren quiet on Alonso’s ‘medical situation’
Feb.28 (GMM/Inautonews.com) McLaren has counted itself out of the continuing speculation about Fernando Alonso's medical condition. Rumours have been rife ...
Alonso hit wall at 105kph – report
Feb.27 (GMM/Inautonews.com) Fernando Alonso struck the wall at 105 kilometres per hour last Sunday. That was the claim on Friday ...
‘I’m completely fine’ says smiling Alonso
Feb.27 (GMM/Inautonews.com) Fernando Alonso on Friday declared himself "completely fine" after his Barcelona crash and four-day hospitalisation. The circumstances of ...
Manor to appear on 2015 entry list on Friday
Feb.27 (GMM/Inautonews.com) Friday is another crucial day in the history of the reborn Marussia team. Now called Manor, the backmarker ...
Exclusive: Honda confirms NSX debut for Geneva, announces the rest of the lineup
Honda has officially confirmed the European debut of the NSX supercar which will be made at the 2015 Geneva Motor ...
Rolls-Royce SUV to be called the Cullinan
The Rolls-Royce SUV is getting closer and closer to the production line and according to a recent report, the model ...
Recall roundup: Cadillac ATS for power sunroof controls
General Motors has issued yet another recall, this time for the Cadillac ATS, because of a problem discovered with the ...
Scuderia Cameron Glickenhaus unveils the SCG 003S and SCG 003C
The brand new Scuderia Cameron Glickenhaus SCG 003S and SCG 003C have been unveiled recently by the car manufacturer. The brand ...
Bugatti Veyron Finale spotted
The first images with the Bugatti Veyron Finale, the last edition of the hypercar, have ended up on the web ...
Crashed Ferrari 458 Spider spotted
The newest addition to the Car Crashes category is a white finished Ferrari 458 Spider which has been spotted recently ...
US: Nissan committed to sales goal on added production capacity in South Korea, Japan
Nissan Motor recently said its underlying goal – besides exceeding Japanese rival Honda – was to command 10 percent of ...
US: government approves incentives to auto industry whistle-blowers
A US Senate committee recently approved the legislation that would see the introduction of payments and awards to employees and ...
Lamborghini Aventador SV leaked in a brochure
New leaked images with the Lamborghini Aventador SV have hit the web ahead of the supercar’s public debut scheduled for ...
2015 Kia Carnival gets priced in Australia
Kia has recently announced the official price list for the 2015 Carnival in Australia where the cheapest model can be ...