Tagged “Industry”

  • European Parliament agrees to looser CO2 rules

    In September, a committee in the European Parliament proposed easing the carbon dioxide emissions rules previously set to phase in over the next several years, and today the proposal was approved. The...

  • GM delays construction of Volt, Cruze engine plant

    As Washington waffles on the auto industry bailout, General Motors has decided to put construction work on hold at the Flint, Michigan engine plant where the 1.4L turbocharged and naturally aspirated...

  • Daimler teams with Evonik for lithium-ion batteries

    Three electric concepts headed to the 2009 Detroit Auto Show have captured much of Daimler subsidiary Mercedes' press of late, and the timing of the new Daimler-Evonik hints that the technology that u...

  • VW and Porsche reach union agreement

    The tension that has cast a backlight on the Porsche-VW acquisition found a particular intensity in the fight for seats on the joint works council. The board that represents the labor interests at th...

  • Report: Fiat and PSA Peugeot Citroen eye alliance

    Fiat Group CEO Sergio Marchionne recently warned that the automotive industry may whittle down to just six major players over the next two years as smaller independent carmakers are either swallowed u...

  • Kuwaiti firm considering sale of Aston Martin stake

    The Kuwaiti-based investment firm that partnered with Prodrive’s David Richards and American banker John Sinders in March 2007 to purchase Aston Martin from Ford was previously reported to be offeri...

  • Sweden offers $3.4 billion package to auto industry

    The U.S. House of Representatives has just passed the $14 billion loan bill and it's now headed to the Senate, but that's not the end of the story. Lawmakers in Sweden have proposed their own aid pack...

  • 2009: The beginning of the Detroit 2?

    Detroit's major auto manufacturers could soon find that three certainly is a crowd when it comes to the world automotive market. CSM Worldwide is predicting 2009 to be the worst year in U.S. automotiv...

  • Ford hoping to distance itself from Detroit rivals

    The demise of the Detroit 3 is unsurprisingly tarnishing the image of American carmakers, however Ford executives are hoping to distance themselves from their neighbors, General Motors and Chrysler, b...

  • Volt development costing GM $750 million

    As set out in Maslow's hierarchy of needs, basic survival must first be established before one can move on to worry about the esoteric concerns of philosophy, morality or ethics. In an odd twist of lo...

  • Iacocca, Lutz speak out on possible Wagoner ousting

    Rick Wagoner could be spending his final few days as CEO of General Motors if Senator Chris Dodd of Connecticut and his supporters have their way. Already speculation as to which of the world's proven...

  • White House voices concern over bailout plan

    The Bush administration and congressional Democrats have made a tentative agreement for a $15 billion emergency loan for the Detroit 3, but there remains concern in the White House that the carmakers...