Archive for the ‘Auto Industry’ Category

Army eyes industry for energy efficiency alliances

DETROIT: To meet energy initiatives, cut costs, and to help better protect Soldiers, the Army is looking to industry for solutions and partnerships. Under Secretary of the Army Joseph W. Westphal traveled to Detroit Aug. 26 to visit the Army's Tank Automotive Research, Development and Engineering Center,...

September 2nd, 2010 | Auto Industry | Read More

U.S. Military Unmanned Aerial Vehicles (UAV) Market to Generate $62 Billion Revenue

The U.S. military UAV market is projected to grow at a CAGR of 10% between 2010 and 2015. The report of Market Research Media finds that the U.S. military UAV market will generate $62 billion revenues over the period 2010 - 2015. SAN FRANCISCO, CA, April 11, 2010 /24-7PressRelease/ -- The U.S. military...

April 11th, 2010 | Auto Industry | Read More

CarMax’s Car Giveaway Contest on Twitter

CarMax, Inc. the nation' largest retailer of used cars, is reporting that its " Tweet Yourself to a New Ride" contest on the popular social networking website Twitter, has been increasing in popularity with just four weeks left to enter. CarMaxhas more than tripled its Twitter audience with over 5,700...

February 4th, 2010 | Auto Industry | Read More

Bosch to close factory in Wales, loss of 900 jobs

German engineering giant Bosch is set to close a car parts factory in Wales with the loss of 900 jobs, said the company, blaming the economic downturn which has hit the automotive industry hard. The division in charge of the plant near Cardiff will recommend to the firm's board that production be phased...

January 15th, 2010 | Auto Industry | Read More

EU angers carmakers with S.Korea free-trade deal

The EU signed a free-trade deal with South Korea on Thursday, ignoring pleas to back down from automakers that echo US caution running all the way up to President Barack Obama. The agreement, still to be ratified by the EU's 27 member states and the European Parliament, was given a guarded welcome by...

October 15th, 2009 | Auto Industry | Read More

Russian car giant on verge of bankruptcy

Russia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying. The damning indictment, written by Deputy Industry Minister Andrei Dementiev to the government, also casts...

October 15th, 2009 | Auto Industry | Read More