Volkswagen Credit wants to boost the number of loans it originates to car buyers and dealers as it grows along with the VW and Audi brands in the U.S. VW and Audi, combined, are targeting 1,000 annual U.S. sales by 2018, up from 2012’s 577,443, WardsAuto data shows.
Rising demand and inventory catch-up, resulting in more overtime and a proliferation of plants working 3-shift or 3-crew schedules, led North American light-vehicle manufacturers to build to 97.1% of their 2-shift straight-time capacity in 2012, based on a WardsAuto analysis.
A tenth Mexican carrier has been granted authority to operate in the U.S. as part of the Federal Motor Carrier Safety Administration’s cross-border trucking pilot program, though FMCSA and its program are still caught up in a lawsuit with the Owner-Operator Independent Drivers Association and the Teamsters Union.
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 […]
The port of Antwerp in Belgium has signed a five-year agreement with Russia’s state-owned port developer Rosmorport to collaborate on port development, expansion of transport and logistics networks, and attracting investments in port facilities.
The blizzard that hit the northeast of the US last Friday, bringing heavy snowfall and high winds, caused widespread disruption for people and businesses, cutting off power, closing highways and cancelling almost 5,000 flights.
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.
You know the feeling. A cop points a radar gun at you, an IRS audit arrives in the mail, there’s a parking ticket on your windshield, or the U.S. Department of Transportation inspector just isn’t going to give up until
Volvo Trucks said that fifth wheel coupling devices from Jost International will now be standard equipment on Volvo VN and VHD tractors manufactured at its Dublin, Va., plant, which assembles all Volvo trucks sold in North America. “Introduction of this new standard fifth wheel represents our ongoing focus on safety, driver productivity and customer value,†[…]
