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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
Recall roundup: Ford Edge and Lincoln MKX
Ford has issued a recall for several Edge and Lincoln MKX vehicles because of a problem with corrosion. The North American ...
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA
The aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition GTRS4 at the ...
Another Ferrari LaFerrari is up for sale
Another unit of the impressive Italian hybrid supercar Ferrari LaFerrari is up for grabs, this time in the United Arab ...
Takata debacle puts GM’s mishaps under the shade
The year started off incredibly hard for General Motors, after a February recall that led to lawsuits, a total rethink ...
2015 Ford Everest to be unveiled in November
The North American based automaker Ford is planning to officially pull the wraps off the 2015 Everest in mid-November. The 2015 ...
Three new Scion Concept cars going to SEMA
Scion has announced its plans to introduce no less than three new concept cars at the upcoming 2014 SEMA Motor ...
US: October sales expected to remain strong
The news are gloomy again, with huge swings on global stocks and threatening headlines about a new economic crisis, but ...
Meet the AeroMobil 3.0 – a functional flying car
The Slovakian based company called AeroMobil has officially unveiled the third generation of its flying car, named suggestively the 3.0. Mankind ...
US: Dodge restarts production of the 2014 Viper SRT
The Viper was resurrected in 2012, but the manually fabricated American take on the supercar had a slow start – ...
Kia Ultimate Karting Sedona going to SEMA
Kia has officially pulled the wraps off its newest creation, the Ultimate Karting Sedona, which will be officially presented to ...
Audi A4’s 20th anniversary celebrated – new model coming in 2015
The German based automaker Audi is currently celebrating the 20th Anniversary of its “most successful Audi of all time”, the ...
Are you driving an “undead” car?
Today it’s Halloween. So, gear up with popcorn, go to a horror move marathon or send your kids on the ...
Five customized Ford Transits going to SEMA
Ford has announced the introduction of five customized Transits at the upcoming 2014 SEMA Motor Show. No less than five customized ...
Toyota FCV Rally Car goes official
The Japanese based automaker Toyota has officially pulled the wraps off the brand new FCV Rally Car, which will be ...
[VIDEO] Honda Civic Type R – first official teaser released
The first official video teaser with the brand new Honda Civic Type R has been recently introduced. The development of a ...
The famous Nuerburgring goes to a Russian investor
They didn’t manage to impose their will after the Second World War, but maybe the global capitalism move aids them ...
Three customized 2015 Ford Expeditions going to SEMA
Ford has recently announced its plans to introduce three customized 2015 Expeditions at the upcoming 2014 SEMA Motor Show. Ford will ...
Ram brand chief says technology is to blame for Consumer Reports shameful result
During the latest release of the annual Consumer Report reliability study, the readers of the influential US magazine unanimously panned ...