US Treasury sells another $811M worth of GM share
In its August report to Congress, the U.S. Treasury Department said it sold $811 million worth of General Motors common stock last month, reports...
Toyota Technical Center to invest $28M to expand Ann Arbor operations
The Toyota Technical Center, part of Toyota Motor’s North American operations, is planning to invest more than $28 million to expand its powertrain operations...
NHTSA investigates Ford’s Focus Electric on stalling claims
The U.S. National Highway Traffic Safety Administration (NHTSA) has received complaints about Ford Motor’s Focus Electric compact car, reports The Detroit News. The agency has...
NHTSA investigates 2013 Nissan Pathfinder, Infiniti JX models
The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating some 2013 Nissan Pathfinders and Infiniti JX models over leak fluid issue, reports The...
Mercedes-Benz S class gets price cut
Mercedes-Benz has dropped the price of the redesigned 2014 S550 sedan by $2,100. It will have a base price of $93,825, down from the...
Daimler plans to build Mercedes factory in Brazil
To benefit from growing demand for compact cars in the country, Daimler AG plans to build a new Mercedes factory in Brazil, the company’s...
GM appoints new president for Indonesian operations
General Motors has appointed Michael Dunne as new president for its Indonesian region, reports The Detroit News. Dunne will oversee the company’s operations in Indonesia,...
Toyota plans to invest $28M to expand tech centers in Ann Arbor
Detroit Free Press reports that Toyota is expanding technical centers in Ann Arbor and the automaker plans to invest $28 million and hire about...
Fiat to invest in flagship Turin plant to build Maserati SUVs
Fiat, which controls Chrysler, plans to invest in its flagship Mirafiori plant in Turin, Italy, to produce Maserati SUVs, reports The Associated Press. The automaker...
DOE awards $45M in grants for vehicle research
The U.S. Energy Department announced a $45 million in 38 grants to accelerate the research and development of vehicle technologies to improve fuel efficiency...
