UAW Workers Eye Wage Rises as Detroit Three Announce Profit-Sharing Payouts
Detroit’s hourly auto workers are set for large profit-sharing cheques, but expectations for base wage increases remain high as union contract talks approach.
Plants, jobs, sales figures, regulation and the executives behind them. The business of building cars.
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Detroit’s hourly auto workers are set for large profit-sharing cheques, but expectations for base wage increases remain high as union contract talks approach.
Dutch supercar maker Spyker has overturned a court-ordered bankruptcy, regaining creditor protection as it pursues new models and a merger with a US electric aircraft firm.
Volkswagen’s efforts to capture a larger share of the US auto market have stalled, with sales targets unmet despite local production and tailored models.
Samsung SDI maintains that falling oil prices will not slow the global shift to electric vehicles, citing regulatory pressure as the key driver through 2020.
US startup Local Motors plans to expand its network of micro-factories using 3D printing to produce electric vehicles, following demonstrations at Detroit's auto show.
Fiat Chrysler Automobiles is set to spin off Ferrari, with CEO Sergio Marchionne signalling that further consolidation could follow as FCA seeks a stronger global position.
Thousands of vintage American cars survive in Cuba, but legal and practical obstacles mean few are likely to reach US buyers even as diplomatic ties improve.
Karl-Thomas Neumann has cautioned senior management that Opel and Vauxhall may miss their 2016 profit goal, citing pressure from weak European and Russian sales.
Ford has closed its Genk assembly plant in Belgium, ending 50 years of production and affecting thousands of workers and suppliers in the region.
JAMA chairman Fumihiko Ike cites faltering domestic sales and currency volatility as key threats, with government stimulus measures failing to revive Japan’s car market.
Fiat Group Automobiles SpA has officially changed its name to FCA Italy SpA, mirroring Chrysler's earlier rebranding to FCA US as part of Fiat Chrysler Automobiles' global restructuring.
Average fuel efficiency of new cars sold in the US has flatlined at 25.3 mpg, as buyers turn to larger vehicles amid the lowest petrol prices in four years.
Two senior managers from Mitsuba and T.RAD have received US prison sentences and fines after pleading guilty to price-fixing charges involving Honda supply contracts.
A decade after European tariffs were scrapped, BMW and Mercedes-Benz have led German brands to a dominant position in South Korea’s premium car market, challenging local giants Hyundai and Kia.
General Motors CEO Mary Barra told Detroit business leaders the company will abandon its 'polite competitor' stance as it pushes for culture change and a zero-defect approach following a bruising recall crisis.
Opel will auction off hundreds of pieces of equipment from its Bochum plant ahead of the factory’s closure, including presses, robots and even a fire station.
Toyota has sold part of its holding in Tesla, following Daimler’s full divestment, as cooperation between traditional manufacturers and the US electric car firm shifts focus.
A new joint venture in Oldbury aims to recycle up to 99% of scrapped vehicles, using gasification technology to exceed EU targets and reduce landfill waste.
BMW’s finance boss Friedrich Eichiner expects new model launches to drive further sales growth in 2015, despite intensifying competition from Audi and Mercedes-Benz.
Falling demand for open top cars in Europe and North America has forced major roof system suppliers like Webasto and Valmet to close or scale back production facilities.
Major US automakers are increasingly exercising their right of first refusal in dealership buy-sell deals, frustrating some dealers and raising concerns about competition and franchise values.
Ford will add 850 new jobs across three Dearborn, Michigan, plants to support production of the aluminium-bodied 2015 F-150, with most roles at the assembly plant.
Ford’s aluminium-bodied F-150 and Jaguar’s XE push carmakers further from traditional steel, prompting steelmakers to accelerate high-strength steel development and defend market share.
Luca Cordero di Montezemolo will receive a €26.95 million package after stepping down as Ferrari chairman, with half paid by early 2015 and the rest spread over 20 years.