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Ford's turnaround gains momentum The Detroit Free Press Share     After more than $16.8 billion in losses since 2005, Ford Motor Co.'s North American division has been gaining momentum and recently posted a quarterly profit - early evidence of a successful turnaround, according to Mark Fields, Ford executive vice president and president of the Americas. More
AK Steel to hike prices for carbon steel products The Associated Press via Forbes Share
AK Steel Holding Corp., a supplier to the U.S. auto industry, said Friday that it will hike spot market prices for its carbon steel products, effective Jan. 1. Base prices for hot rolled products will increase by $20 per ton and base prices for cold rolled and coated products will increase by $30 per ton over the company's current spot market prices. More Boeing breaks ground at North Charleston Aviation Week Share
Charleston will initially produce the standard 787-8, but Marco Cavazonni, VP and general manager of final assembly and delivery, Boeing Charleston, would not speak to the possibility of future production of the stretched -9, the short-range -3, the double stretched -10 or any other aircraft here. Another Boeing official clarified this by saying, "We will have the capability in Charleston to produce both 787-8s and 787-9s, but we will start out with producing just 787-8s." More China leaps into global aircraft market Defense News Share
China's push into the defense aviation market intensified at the 11th Dubai Air Show with an aggressive export marketing campaign for the new supersonic Hongdu L-15 Falcon advanced jet trainer. The effort followed the announced sale of 36 new Chengdu J-10 (FC-20) Vigorous Dragon fighter jets to Pakistan for $1.4 billion the previous week. More China's A-Power to Build U.S. Wind Turbine Factory The New York Times Share
China's A-Power Energy Generation Systems Ltd. and the U.S. Renewable Energy Group - partners in a Texas wind farm that has raised eyebrows and concerns on Capitol Hill - announced plans today to build a wind turbine production factory in the United States. More
Chrysler boosts Dundee plant; engine line to gain jobs, add output The Toledo Blade Share
Chrysler Group LLC plans to invest $179 million and create 155 jobs at its Global Engine Manufacturing Alliance plant in Dundee over the next five years. It plans to build its advanced 1.4-liter engines there for the automaker's line of small vehicles. More Dutch luxury carmaker Spyker cars announces plans to move to U.K. Top News Share
Spyker Cars, Netherlands based luxury carmakers which manufacturer's up-to 50 units a year, mostly targeted to the US market, has recently announced its plans to move its assembly plant to Coventry, England. The news has been well received in the U.K., with Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, asserting that "investment in UK automotive facilities is good news for the industry." More GM to release plan for European units in December The Detroit News Share
General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek. GM Europe released a statement late Thursday in response to what it said was a "misrepresentation" by the daily Frankfurter Allgemeine Zeitung, which claimed that GM wanted to maintain all its European plants. More Volkswagen to triple south China sales by 2018 Reuters Share
Europe's biggest carmaker, Volkswagen, plans to more than triple its sales in south China by 2018 as a main driver for its strategy to double sales to 2 million units in the country by that time, its China chief said. Volkswagen, which competes with General Motors and others globally, is stepping up its presence in China which has overtaken the United States as the world's largest auto market this year. More |
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