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Thousands dazzled by beauty at Detroit auto show The Detroit News Share     Debbie Metzer loves pretty cars. Keith Metzer loves pretty women. Theirs was a marriage made in heaven Sunday at the Cobo Center in Detroit. The New Baltimore couple were among the thousands of people milling about the 700 gleaming vehicles at the North American International Auto Show. More
Automakers pledge to take it slow The Lansing State Journal Share
Detroit-area automakers are emerging from the turmoil of the past year with plans for boosting production and adding back jobs. But officials and industry experts offered a warning about sliding back into old habits of hiring too many workers or giving away credit too easily. More Ford joint venture in Asia to be dissolved The Detroit Free Press Share
Mazda, Ford and China's Chongqing Changan Automobile have agreed to split up their three-way joint venture by 2012, Japan's business daily the Nikkei reportes, citing unnamed company sources. Mazda and Ford have agreed to spin off the joint venture's factory in Nanjing as a 50-50 joint venture between Mazda and Chongquing, while Ford and Chongquing will run the venture's other factory in China, the business paper said. More Opel names a GM executive as its new chief The New York Times Share
A veteran General Motors executive, Nick Reilly, will take over as Opel's chief executive, Opel announced. The widely expected appointment of Mr. Reilly, who is already president of GM Europe, was part of a management shake-up. More
Spyker CEO denies joint Genii bid for Saab Reuters Share
Dutch sports car maker Spyker has denied it had plans to jointly bid for General Motors' GM.UL Saab with Luxembourg investment firm Genii Capital. German WirtschaftsWoche business weekly, in abstracts of a story to be published on January 18, said the two companies, which have been trying individually to clinch a deal to buy the money-losing Swedish carmaker, had teamed up. More Tokyo Steel hikes prices to offset materials costs ABC News Share
Tokyo Steel Manufacturing Co., Japan's biggest maker of construction steel, said it would raise prices to offset higher costs of steel scrap, in its first across-the-board price hike since September. The company also said it would resume exports of hot coil and H-beam steel for the first time since September 2008 to tap booming steel markets in China, other Asian countries and the Middle East. More Toyota shooting for one million hybrids by 2011 USA Today Share
Toyota wants to be producing 1 million hybrid cars worldwide a year by 2011, reports Reuters, quoting Nikkei business in Tokyo. That would likely be double the number of hybrids it built last year. More |
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