GM is planning to suspend truck production at its three pickup assembly plants for 10 weeks across 2012 as it prepares them for the launch of its new generation of trucks, including the Chevrolet Silverado and GMC Sierra models, due for rollout in the second quarter of this year. The company is switching from its […]
Warren Buffett’s Berkshire Hathaway Inc. has acquired 10 million more shares of General Motors, lifting its holdings in the company to 25 million shares. The latest investment — disclosed in a Securities and Exchange Commission filing on Thursday — comes as the U.S. government unloads a portion of its stake in the company.
With the New Year, 2013 model-year vehicles are now available at Budget Car Rental locations throughout the United States and Canada. Budget has taken deliveries of new cars and SUVs from a variety of manufacturers, including Ford, Nissan, Volkswagen, Chrysler, Hyundai and General Motors.
Chryslers plans to manufacture more than 300,000 Ram 1500 pickups at its Warren plant in 2013, a record in the facility’s history. The 300,000-vehicle target reflects the US automaker’s confidence in the upgraded 2013 Ram 1500 model, the importance of the pickups for the Detroit automaker’s profits and the expectation that this year pickup sales […]
The French based automaker Renault has recently announced a recall for its vehicles exported to China because of a problem with the fuel level sensors. According to the car manufacturer, this is the second recall announced by the company in China in two months, after a few weeks ago a total of 5,097 units of […]
Audi will manufacture the A3 sedan at the Gyor plant in Hungary, where expansion work is currently being done, a company communication executive told Inautonews.com. Mr. Josef Schlossmacher, Audi’s Product and Technology communication manager, told us that the A3 sedan for Europe will be built in Hungary, at the Gyor plant located in the western […]
GM might stop auto production at Opel’s Bochum plant in Germany sooner than planned as the automaker tries to make more cost cuts. Talks between Opel’s management and workers regarding the Bochum plant have begun in June 2012, with the decision that the plant will be closed in 2016. On Tuesday, January 22nd, GM Vice […]
With its allotment of vehicles for U.S. dealers capped at 734,000 units for a second straight year, industrywide growth means the auto maker won’t show a percentage sales gain and its market share will drop, sales chief Bob Pradzinski says.
BMW AG plans to earn the first profit in 2013 from a 2-year-old venture that rents cars by the minute, potentially overtaking Daimler AG in a push to make efforts to woo urban consumers pay off. DriveNow GmbH, BMW’s car-sharing venture with rental company Sixt AG, will limit expansion to focus on making money, Andreas […]
