Automotive News – Avis Budget Group Inc. agreed to buy U.S. car-sharing company Zipcar Inc. for $491 million, targeting consumers looking for an alternative to owning their own auto. Zipcar’s board agreed to a bid of $12.25 a share, Avis Budget’s said today in a statement.
Automotive News – Toyota Motor Corp. said Wednesday it is setting aside $1.1 billion to settle various U.S. lawsuits and other claims stemming from reports of unintended acceleration that plagued the automaker in 2009-2010.
Automotive News – Infiniti is renaming its entire product portfolio for the 2014 model year, returning to the letter “Q” from the brand’s early history for every car and “QX” for every Infiniti crossover and SUV. Nissan Motor Co.’s luxury division is undertaking the change to prepare for a broader array of global products
Automotive News – Oklahoma’s top-selling Chevrolet dealer, last week sold his hunting lodge-style store in Norman rather than change the facade and interior to comply with General Motors’ facilities standards. The sale came less than three months after Chevrolet sales chief Don Johnson visited the store and rejected a
Wards Auto – The Canadian Auto Workers union is calling for General Motors to replace “1-for-1†jobs the auto maker’s Oshawa, Ontario, assembly plant stands to lose as a result of a shift in sourcing for the Chevrolet Camaro.
Premium electric carmaker Tesla Motors has announced it will begin distribution of its Model S sedan from its new 6,000-square-metre European distribution centre at Tilburg in The Netherlands. It is the first time the vehicle has been distributed outside of the US since it was introduced last
Automotive Logistics - Following the departure of Bob Socia as vice president, Global Purchasing and Supply Chain (read more here), General Motors has named Grace Lieblein(pictured) as his successor, responsible for its purchasing activities and supply chain and logistics operations worldwide.
Automotive Logistics РHonda has exported its one millionth car from the United States, 25 years after exports from the country began. The milestone vehicle was a silver Accord EX-L Sedan and was loaded on a H̦egh car carrier at port Hueneme in California bound for Seoul in South Korea.
Volkswagen is building a new €250m ($332m) engine plant in Kaluga to supply its vehicle assembly plant there as well as for supply to contract production of VW vehicles at the GAZ plant in Nizhny Novgorod. The carmaker has also signed a letter of intent for a new logistics centre in Moscow for aftermarket parts […]
