The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago. But the bust has been just as dramatic and decades in the making. Nash gave way to AMC, then Chrysler, then bankruptcy.
EU competition head Neelie Kroes told Germany on Friday that General Motors Co. should be allowed to reconsider the sale of Opel to Magna International Inc. and its Russian partner Sberbank.
Toyota Motor Corp. said today it plans to resume a second shift at its San Antonio, Texas, plant in February for the first time since August 2008, adding production of Tundra full-size pickup trucks.
General Motors Co. will boost its retail U.S. market share in October on the strength of new vehicles and increased ad spending, Edmunds.com says. GM will claim 22.4 percent of sales to individual U.S. customers, up from 19.
General Motors Co. will sign a deal to sell a majority stake in Opel next Tuesday or Wednesday, Die Welt German newspaper reported. GM is selling 55 percent of Opel to Canadian supplier Magna International Inc.
Declining costs for labor and auto parts will allow automakers to make money at lower U.S. sales volumes next year, a J.D. Power and Associates analyst said.
ATX, a Dallas telematics company, has signed a new, multi-year contract to provide connectivity to BMW AG's North American vehicles. BMW has used ATX as its telematics provider since 2001.
Laurenz Schaffer, an 11-year veteran of BMW AG's design staff, will take charge of the automaker's studio in California on Dec. 1. He will replace Verena Kloos, 48, as president of DesignworksUSA.
General Motors Co. is in talks with partner SAIC Motor Corp., China's biggest automaker, to explore new business opportunities that include India, a source with knowledge of the matter said on Friday.