Diane Alter – AHN News Reporter New York, NY, United States (AHN) – General Motors reported better than expected earnings in the third quarter on Wednesday, but CEO Dan Akerson said the quarter “isn’t good enough,” a signal that more cost cutting lies ahead. GM, the U.S.’s largest automaker, earned $1.7 billion, or $1.03 a [...]
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GM CEO: Earnings good, but not good enough
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Tags: automaker, cost cutting, Dow, fourth quarter, General, general motors, global economy, gm, guidance, income, initial public offering, largest automaker, margins, Net income, news, news reporter, noon, percent, share, signal, Solid, View, Wednesday 
Comments OffChinese companies buying automaker Saab
admin Linda Young – AHN News Writer Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. [...]
Posted in Car Check Tags: auto manufacturer, automaker, car, chinese automakers, chinese companies, Court, deal, economic woes, General, Linda, linda young, lotus automobile, news, news writer, restructuring, Saab, stockholm sweden, Struggling, trade, View, Youngman, zhejiang Comments Off
Ford, United Auto Workers reach tentative contract
admin Kris Alingod – AHN News Contributor Detroit, MI, United States (AHN) – Ford has reached a tentative labor contract with union workers in more than two dozen plants nationwide. The agreement with the United Auto Workers, which still requires ratification from members, will add 12,000 new jobs in the company’s facilities, 5,750 more than what [...]
Posted in Car Check, Featured Tags: Alingod, Auto, development, domestic investments, entry level wages, fleming ford, ford plants, Gov, Investment, jay nixon, john fleming, Kris, labor affairs, manufacturing, missouri gov, news, president, salary workers, State, uaw members, union, united auto workers, Vice Comments OffHonda recalls million cars worldwide
admin Jupiter Kalambakal – AHN News Reporter Tokyo, Japan (AHN) – Japanese automaker Honda Motor Co. is set to voluntarily recall close to a million car models to repair troubles with power windows and computer equipment. The global recall will be done in two categories. Some 936,000 units of the Fit subcompact, CR-V crossover and Fit [...]
GM, LG team up to create future electric vehicles
admin Jupiter Kalambakal – AHN News Reporter Detroit, MI, United States (AHN) – U.S. automaker General Motors Co. and top Korean battery manufacturer LG Corp. have entered into a partnership to design and create future electric vehicles. The strategic partnership came after LG supplied GM the lithium-ion batteries for its Chevrolet Volt and Opel Ampera. Many [...]
Posted in Car Check Tags: AHN, alliance, ampera, auto maker, automaker, battery manufacturer, chevrolet volt, collaboration, deal, electric vehicles, engineering, General, initial venture, Jupiter, lithium ion batteries, news, news reporter, Opel, result, strategic partnership, tie-up, vehicle, View Comments OffGM earnings soar 92 percent on global sales
admin Linda Young – AHN News Writer Detroit, MI, United States (AHN) – General Motors saw its second quarter earnings surge by 92 percent compared to the same period a year earlier. It earned $2.5 billion compared to the $1.3 billion GM earned a year earlier. The nation’s No. 1 automaker had revenue of $39.4 billion, [...]
Posted in Car Check Tags: 1 automaker, AHN, automaker, bailout, fortune 500, General, general motors, global sales, Linda, linda young, million vehicles, Money, news, news writer, percent, revenue, s sales, second quarter earnings, share, time, View, worldwide, year Comments OffVolkswagen postpones MAN supervisory board takeover
admin Kris Alingod – AHN News Contributor Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should be made after anti-trust clearance of [...]
Posted in Car Check Tags: Alingod, annual general meeting, chief executive martin, constructive discussions, European, formal application, heavy trucks, Jochem, Kris, man scania, martin winterkorn, merger control, news, Officer, panel, percent, poetsch, preference share, share, stake, thomas kremer, volkswagen, Wolfsburg-based Comments OffToyota Issues Minor Recall Effecting 1.13 Million Vehicles
admin Matthew Borghese – AHN News Contributor Tokyo, Japan (AHN) – Japanese carmaker Toyota is issuing a voluntary recall for more than a million Corolla and Corolla Matrix automobiles in the United States. The recall effects 1.13 million 2005-2008 Corolla and Matrix vehicles. According to Toyota safety engineers, a faulty electronics module could fail, causing harsh [...]
Posted in Car Check Tags: 2008 corolla, AHN, Auto, auto trends, carmaker, chief quality officer, Contributor, Corolla, issues, Matrix, million vehicles, Minor, news, Officer, reliability, Rights, safety and reliability, safety engineers, tokyo japan, Toyota, View Comments OffGeneral Motors Said to Weigh Buying Shares From U.S.
admin GM executives have discussed buying shares from the Treasury Dept. to reduce the government’s 33 percent stake in the automaker View full post on All Stories
Posted in Car Check Tags: automaker, Buying, buying shares, Dept, General, general motors, gm, gm executives, Government, percent, percent stake, post, stake, Stories, Treasury, treasury dept, View, Weigh Comments OffRenault names new chief operating officer
admin French carmaker Renault SA named a top executive of Nissan Americas as its new chief operating officer, in an effort to move on from an embarrassing scandal around false accusations of espionage. View full post on All Stories
Posted in Car Check Tags: carmaker, chief operating officer, effort, espionage, executive, false accusations, french carmaker, nissan, Officer, post, Renault, scandal, Stories, top executive, View Comments Off
