Articles

  • US: 2009 trailer orders lowest since 1975

    According to the latest release of ACT Research’s State of the Industry: U.S. Trailers report, December 2009 commercial trailer factory shipments of 8,296 were the highest monthly total for 2009. However, this still left full year shipments down 44% year-over-year and at the lowest level since 1975. The report indicates…

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  • China: Mazda aims for 22% hike in 2010 sales

    Mazda is targeting a sales boost of 22% in China in 2010, selling more than 220,000 vehicles and increasing dealerships to 300 by the end of the year from 254 as of December 2009, a company spokesman has indicated to Bloomberg. The Nikkei newspaper had previously reported Mazda’s growth intentions

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  • US: Daimler announces new Orion orders

    Daimler Buses North America (DBNA) has received orders for nearly 100 Orion VII clean-diesel and diesel-hybrid buses. The bulk of the new orders will go to three transit agencies in New York State. Suffolk County Transit placed an order for 81 Orion VII diesel transit buses, Ulster County Area Transit

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  • France: PSA agrees pay rises

    PSA Peugeot Citroën has agreed to an average base salary increase of 1.9%, following a second pay round meeting on 21 January. Effective 1 February, all company employees will receive a 1% pay rise, with an increase of at least €18 (US$25.37) for operators and administrative employees, representing 1.25% of…

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  • US/Germany: Investment funds sue Porsche

    A group of investment funds have filed a lawsuit against Porsche Automobil Holding SE and two of Porsche SE’s former executives, Wendelin Wiedeking and Holger Haerter, seeking to recover over US$1bn in losses suffered as Porsche SE attempted a takeover of Volkswagen AG in 2008. The complaint, filed in a…

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  • Articles

    Italy: Magneti Marelli strengthens in Q4

    Magneti Marelli has reported Q4 2009 revenues of €1,280m (US$1,803m), 11% higher than the €1,146m recorded in the same quarter of 2008. The improvement took full-year 2009 revenues to €4,528m, down 16.9% from the €5,447m reported for 2008, although this decline was reduced to 14% on a comparable scope of

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  • US: Chrysler’s GEM sales top 40,000 units

    Global sales at Chrysler Group’s subsidiary Global Electric Motorcars (GEM) have passed the 40,000 mark, with nearly 500 million miles driven, saving more than 19.5 million gallons of gasoline. GEM is based in Fargo, North Dakota, and specialises in battery-electric low-speed vehicles (LSVs), also known as neighbourhood electric vehicles (NEVs).

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  • US: Better Place secures US$350m from new investors

    A consortium of UK investors, led by HSBC, has invested US$350m in California company Better Place, boosting the value of the clean-tech company to US$1.25bn. The transaction, subject to approval by antitrust regulators and other customary closing conditions, will likely close in the first quarter of 2010. HSBC led the…

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  • Articles

    US: Ford to build Explorer at Chicago

    Ford is expected to make an announcement later today confirming production of the new Explorer at its Chicago Assembly Plant, a move that will bring 1,200 new jobs to the facility, reports Free Press. The current Explorer is built at Ford’s Louisville Assembly Plant, which is about to undergo conversion

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  • Articles

    UK: Jaguar Land Rover chief steps down

    Jaguar Land Rover’s (JLR) chief executive David Smith, 48, has stepped down after less than two years in the role. Ravi Kant, managing director of JLR’s owner Tata, will serve as interim CEO until a successor is found. Smith took up the leadership role in 2008 following Tata’s acquisition of…

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  • Articles

    US: GM to build own electric motors

    General Motors has announced plans to take electric motor development for hybrid and electric vehicles in-house. The move, which GM says will reduce costs and improve quality, brings with it a total investment of US$246m. The electric motors will be manufactured in the US at an as-yet unnamed GM facility.

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  • Articles

    US: Whitacre to stay on as GM CEO

    General Motors has announced that its interim chief executive Edward E Whitacre, Jr has agreed to remain in the role permanently. “The board of directors asked if I would be willing to stay on at GM and help continue the company’s road back to success,” said Whitacre, who also serves

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  • Japan: Suzuki’s global production falls 9% in 2009

    Suzuki has reported that its global vehicle production fell 9% to 2,387,533 in 2009, from 2,623,788 in 2008, the first time such output has fallen year-on-year for 11 years. However, this overall 9% drop hides a much steeper fall in domestic production alone, which declined 25.4% to 908,302 units, from…

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