Archive for the ‘Best Autos’ Category

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Renault picks US Nissan chief for number two post

French automaker names Carlos Tavares as its new chief operating officer and second- in-command to chief executive Carlos Ghosn View full post on All Stories

Biden hails resurgent U.S. auto industry

A worker at the Chrysler Jefferson North Assembly Plant in Detroit is shown in this April 28, 2011 photo. This week the automaker announced it will retire its $5.9 billion balance on the U.S. loans … View full post on All Stories

Volkswagen inaugurates new plant in Chattanooga/U.S.

Press Release – Chattanooga, TN, United States (AHN PR) – Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, and the U.S. Secretary of Transportation Ray La Hood have today inaugurated the new Volkswagen Group plant in the United States in the presence of prominent representatives from politics, business and the [...]

DealBook: Fiat to Buy Full U.S. Stake in Chrysler

The acquisition of the Treasury Department’s stake in Chrysler will give the Italian automaker majority ownership. View full post on All Stories

N.Y. town moves to block GM development project

* Tarrytown sues automaker over redevelopment plan View full post on All Stories

GM To Announce Next Plant Investment

DETROIT (Indiana’s NewsCenter) – It’s good to be a GM employee as the automaker continues adding jobs to its plant. But, will those plans include Ft. Wayne Assembly? View full post on All Stories

Chrysler repays bail-out loans after strong sales, turnaround

Matthew Borghese – AHN News Contributor Detroit, MI, United States (AHN) – Chrysler Group LLC has repaid the American and Canadian loans it received after filing for Chapter 11 bankruptcy in April 2009. After being purchased by Italian carmaker Fiat and turning around lagging sales, on Tuesday Chrysler repaid $1.7 billion to Canada and $5.9 [...]

Chrysler will turn a profit this year, board member James Blanchard predicts

The former Michigan governor and U.S. congressman said he never thought the automaker would require a second federal rescue after he helped save it from extinction in 1979. View full post on All Stories

Toyota and Salesforce.com Unveil Toyota Friend Service

Toyota is setting up a social networking service with the help of a U.S. Internet company and Microsoft so drivers can interact with their cars in a way that’s similar to posting on Facebook or Twitter. Japanese automaker Toyota Motor Corp. and Salesforce.com, based in San Francisco, announced their alliance Monday to launch “Toyota Friend,” [...]

Chrysler to repay $7.5 billion bailout loans

Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – Chrysler Group has apparently recovered from the slump that hit the auto industry in 2008. With the carmaker’s start of recovery, the company will repay on May 24 the $7.5 billion it borrowed from the U.S. and Canadian governments to further improve its bottom [...]