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 [...]
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GM, LG team up to create future electric vehicles
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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 OffVolvo recalls S60 due to fuel pump issue
admin Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – Volvo is voluntarily recalling its new S60 because of a problem with the fuel pump. According to the National Highway Traffic Safety Administration, more than 7,500 units of the 2012 model are affected in the recall. The software used to control the fuel [...]
Posted in Best Autos Tags: Administration, Alingod, drive, drive model, executive sedans, fuel, fuel delivery system, highway traffic safety, issue, Kris, line, liter engine, May, Model, national highway traffic, national highway traffic safety, national highway traffic safety administration, news, quarter tank, software, swedish automaker, traffic safety administration, Update Comments OffUS Treasury announces Fiat will buy its remaining shares of Chrysler for $500m
admin Linda Young – AHN News Writer Washington, D.C., United States (AHN) – US Treasury officials confirmed plans to sell its remaining 6 percent share of US automaker Chrysler Group LLC to Italian automaker Fiat for $500 million, which represents about 98,461 shares of stock. The sale will give Fiat a majority 52 percent share of [...]
Posted in Best Autos Tags: chrysler group, d c united, deal, economy business, emergency, emergency loans, group, help, italian automaker, Linda, linda young, loss, news, news writer, percent, retiree, share, stock, Treasury, treasury officials, united auto workers, us treasury, writer washington Comments OffChrysler repays bail-out loans after strong sales, turnaround
admin 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 [...]
Posted in Best Autos Tags: american auto industry, american taxpayers, Bush, canadian loans, Chapter, chapter 11 bankruptcy, chrysler group, communities and families, countless communities, former, group, Industry, Investment, italian carmaker, milestone, news, percent, president, president george w bush, progress, risky investment, u s treasury, year Comments OffChrysler to repay $7.5 billion bailout loans
admin 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 [...]
Posted in Best Autos Tags: american car, auto industry, bailout, canadian governments, car, car industry, carmaker, chrysler group, Detroit, economy business, General, government loans, group, Hernandez, interest, line, manufacturing, manufacturing firm, news, percent, restructuring, richard palmer, stake Comments OffNew GM electric vehicle plant to be powered by solar energy
admin 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 [...]
Posted in Best Autos Tags: annual energy, conservation of energy, development, economy business, Editor, energy consumption, gm vice president, harnessing solar energy, landfill waste, leadership position, mike robinson, news, plant, position, president, solar array, State, sustainable transportation, transportation, use, vehicle, Vice, waste Comments OffVolkswagen Group sees world auto sales increase by 13.9 percent
admin Linda Young – AHN News Writer Wolfsburg, Germany (AHN) – Germany’s largest automaker, the Volkswagen Group, on Friday reported it delivered 2.66 million vehicles worldwide from January through April of this year. That marked an increase of 13.9 percent over the first four months of 2010. That meant VW outperformed the world vehicle market by [...]
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