Mercedes-Benz has begun using Turkey’s Autoport terminal at Izmit in Kocaeli for exports of trucks and buses from its manufacturing plants in Istanbul and Aksaray. The 15-hectare terminal, which was built by Arkas Holding and opened in 2008, has the capacity to move 400,000 vehicles a year. In 2012 Mercedes exported more than 4,000 trucks […]
Hyundai Motor Co. is looking into launching a pickup in the United States, Hyundai’s sales boss says. Product planners and engineers at headquarters in South Korea are studying what size truck would be best, Lee In-cheol, vice president in charge of international sales, said at a Hyundai training center here, southeast of Seoul.
Unsellable Lincoln MKZs jammed together at Ford’s Flat Rock, Mich., plant. Ford kept assembling the imperfect cars in Hermosillo, Mexico, then shipped them to Michigan for rework and final inspection. Now the company is telling dealers that the backlog will be eliminated soon.
Subaru plans to introduce its first-ever production hybrid vehicle for the U.S. market at the 2013 New York International Auto Show. The automaker said the new vehicle is called the Subaru XV Crosstrek Hybrid and is based on the XV Crosstrek crossover introduced for 2013.
American Honda picked incumbent RPA to remain its advertising agency of record for the Honda brand after a three-month review while giving Acura’s creative business to Boston-based Mullen. The decision announced Monday changes a 26-year relationship between RPA and Honda. RPA has carried the Honda brand since the agency was formed in 1986. It landed the account […]
Mitsubishi is determined to stay in America, will gradually expand its lineup and has learned a lesson or two from a cool U.S. market response to its small electric car, a company executive says. With fellow Japanese auto maker Suzuki closing down its U.S. sales unit, many industry observers have predictedMitsubishi will leave, too. They say that’s because the […]
Hyundai sets ambitious goals and expresses a positive outlook for 2013 in a presentation to industry analysts ahead of the auto maker’s annual shareholders meeting. Those goals include improving cost structures worldwide. The number of vehicle models will increase to 40, with 33 of them derived from just six basic platforms. Hyundai’s global portfolio two years ago […]
Elliott International LP and a unit of Fortress Investment Group LLC are among hedge funds that failed to reach an agreement with the trust liquidating General Motors’ old assets over $3 billion in claims related to the automaker’s 2009 bankruptcy filing, according to court papers. The dispute stems from a settlement made between the hedge […]
Hourly workers at Ford Motor Co.’s plant in Genk, Belgium, will get $750 million in severance as part of a deal that allows the automaker to close that factory by the end of 2014, the company said on Tuesday. Ford and the 4,000 hourly workers at the plant reached a deal last week that allows […]
