Chrysler Group is recalling 26,397 cars and trucks to repair power-steering hoses that may become disconnected and leak fluid, raising the potential for vehicle fires.
Continue reading Chrysler Recalls 26,000 V…
Addressing recent reports that Ford is looking to pull out of its partnership with Mazda, the head of the Japanese carmaker said Wednesday that the alliance remains intact. “We have an agreement with Ford,” Mazda CEO Takashi Ya…
Autoworkers laid off from a General Motors plant in Orion Township, Mich., have until the end of the day Tuesday to decide whether to take jobs at the automaker’s Lordstown assembly plant, some 250 miles away in neighboring Ohi…
Legal wrangling may delay Volkswagen’s (VLKAY) merger with Porsche, Volkswagen CEO Martin Winterkorn said.
Volkswagen planned to complete a merger with Porsche in 2011. Porsche originally planned to buy Volkswagen by securing stock options, only to see its debt levels surge.
Now, U.S. based-short-sellers of Volkswagen stock are suing Porsche. They say the sports-car maker secretly…
Continue reading Legal Problems May Delay Volkswagen’s Merger With Porsche
Legal Problems May Delay Volkswagen’s Merger With Porsche originally appeared on DailyFinance on Tue, 19 Oct 2010 06:33:00.
Filed Under: Company News, Autos, Small Business
Mindful of the ecological toll that gasoline and diesel engines exact on the environment, the Chinese government is pressing forward with plans to build 1 million electric vehicles a year by 2020. China’s government plans to sp…