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Volkswagen announces its annual profits doubled

Linda Young – AHN News Writer Frankfurt, Germany (AHN) – Volkswagen AG saw its profits more than double to $21.2 billion last year compared to $9.7 billion the year before, the company reported Friday. In addition, the automaker’s operating profit soared by 58 percent to $15.1 billion, while its revenue rose by 26 percent to [...]

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Ford, United Auto Workers reach tentative contract

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 [...]

N.Y. town moves to block GM development project

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

Tesla rolling out more stock to fund ‘Model X’ (AFP)

AFP – Tesla Motors announced plans on Wednesday to offer another 5.3 million shares in the US electric carmaker to the public to help fuel development of another model. View full post on All Stories

New GM electric vehicle plant to be powered by solar energy

Ayinde O. Chase – AHN News Editor Baltimore, MD, United States (AHN) – The General Motors electric motor plant being constructed near Baltimore will be doubly innovative in its use and conservation of energy. The facility will be the first by a major U.S. automaker dedicated to making the critical components for vehicle electrification when [...]

Honda, Mazda to resume limited production in Japan

Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – Honda and Mazda on Thursday announced they would resume limited production at its Japanese plants, following other automakers that are restarting operations despite supply chain issues. Tokyo-based Honda said vehicle assembly at factories in Saitama and Suzuka will begin on April 11. The [...]

Report: Alberta’s oil sands leaking contaminants in watershed

Vittorio Hernandez – AHN News Calgary, Alberta, Canada (AHN) – A panel appointed by Alberta to review the conflicting water quality data from the oil sands in the province concluded that contaminants are leaking into the watershed. The body also said that the government monitoring program is not adequate because it failed to gauge the [...]

Our immediate aim is to increase dealership density in India: Ulrich Hackenberg, Volkswagen

Ulrich Hackenberg, member of the Supervisory Board of Management at Volkswagen AG and technical development head, says Europe’s largest carmaker wants to increase dealership density along the countryside. View full post on All Stories

Toyota Corolla – arrested development?

Toyota has hit the headlines for its massive car recall, but the world’s largest carmaker faces another less noticed challenge: the aging of its biggest-selling model the Corolla. View full post on All Stories

THE WEEK THAT WAS: Go east young Ford

Interesting development today as Ford announced it was planning a joint venture with well established Russian automaker Sollers. View full post on All Stories