Despite tepid industry sales last year, South Korean carmaker Hyundai set a sales record, thanks to savvy designs and sophisticated engineering. It’s come a long way from an early econo-box image. Now, if it could just do as we…
Republicans in the House of Representatives voted Thursday to eliminate the Obama administration’s “car czar,” as well as the “pay czar” who oversees compensation at companies bailed out with TARP money, and seven other preside…
Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The pay…
The Japanese automaker’s bottom line is likely to have been hit by its many safety recalls, weaker U.S. sales and Japan’s rising currency. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of …
The world’s largest automaker is looking to reduce managerial staff at its sales headquarters in Torrance, Calif., by offering workers a buyout.
Continue reading Toyota Offers California Employees Buyouts to Sl…