With 3,600 workers striking against concession demands, the board of American Axle and Manufacturing Holdings Inc. postponed acting on proposed executive bonuses and other incentives for CEO Richard E. Dauch and other executives for 2007.
BMW AG will spend $750 million to build 90,000 more vehicles a year in the United States, in the face of changing euro-dollar fortunes. The company said this morning that it will hire 500 people for its Spartanburg, S.C.
Federal safety officials are conducting a preliminary investigation into complaints that brakes on 2008 Pontiac Solstice and Saturn Sky roadsters with 2.0-liter turbocharged engines don’t work as well as they should.
A founder and owner of the former Jerome-Duncan Inc. Ford dealership in suburban Detroit is entitled to $4 million in total damages from his daughter and successor as majority owner, a Macomb County, Mich., judge ruled last week in a civil lawsuit.
Consumers might consider themselves environmentally friendly, but they still aren’t excited about paying the extra price for green vehicles, J.D. Power and Associates says in a new study.
Chrysler LLC is closing its Pacifica Advance Product Design Center, the studio near San Diego where several key vehicles -- such as the 300 sedan, Dodge Challenger and Pacifica crossover -- took shape in recent ye