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Autos Insider
Peugeot in alliance talks with GMGeneral Motors and France’s PSA Peugeot Citroen are in talks to combine some of their activities in Europe, where both automakers are losing money. More GM’s Akerson defends bailout as ‘wise, far-reaching vision’General Motors Corp. Chairman and CEO Dan Akerson reaffirmed Wednesday his support of the government bailout of his company, saying it worked and helped America and cities like Detroit. More GM head to donate $1M to HabitatGeneral Motors Co. Chairman and CEO Daniel Akerson is expected today to announce a $1 million personal gift to Habitat for Humanity Detroit, according to people familiar with his plans. More Honda recalling 46,000 Odyssey minivans to fix rear doorsWashington —Honda Motor Co. is recalling more than 45,000 Odyssey minivans to repair power liftgates that could unexpectedly close and cause injuries. More Ford to add $3.8B to pension plans this yearDetroit— Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations. More GM appoints veteran engineer to head researchDetroit— General Motors said veteran engineer Jon Lauckner will head the company's research and development efforts. More Senators to Obama: OK fuel rulesWashington — Thirty U.S. senators called on the Obama administration to finalize new rules nearly doubling fuel efficiency standards to 54.5 mpg by 2025. More Ford board members’ compensation rises 25%Ford Motor Co. boosted annual compensation for board members by 25 percent and will pay 29 percent more to Edsel Ford II, its founder’s great-grandson, for his work as a director and consultant. More GM to Gingrich: You can put a gun rack in a VoltWashington — General Motors Co. launched a new blog Tuesday, and responded to Republican presidential candidate Newt Gingrich’s suggestion the Chevrolet Volt is an “Obama car.” More Ford opens up on Tourneo commercial vanFord Motor Co. has released details about a new commercial van that the automaker says gives passengers a more luxurious car-like experience. More Feds investigate problems with side air bagsDetroit— Federal safety regulators are investigating a problem with side air bags that may fail to inflate in a crash. More Honda putting No. 2 global manager in U.S. in localization driveTetsuo Iwamura, president of Honda Motor Co.'s American Honda Motor subsidiary, has been appointed to the board of the Japanese automaker, pending shareholder approval. More Ford’s new global truck to offer car-like experienceThe Tourneo Custom Concept, a light-duty, front-wheel-drive, passenger van, will be available in Europe and Asia. It’s one of five global platforms the automaker is rolling out as part of its push to grow its lucrative line of commercial vehicles. More GM to Gingrich: You can put a gun rack in a VoltWashington —General Motors Co. chided Republican presidential candidate Newt Gingrich's suggestion that the Volt is an "Obama car." More Electric cars still a hard sell for most consumersIf there’s a full-blown revolution coming, it isn’t here yet. While the hybrid market is growing, in 2012 it comprises just 2.46% of the overall market. Electric vehicle sales represent less than 1%. More GM’s Akerson: $7.6B profit a ‘solid performance’General Motors Co. may have posted a record profit of $7.6 billion for 2011 Thursday, but the Detroit automaker acknowledges that its turnaround is far from complete. More DOT issues guidelines to limit dashboard distractionsWashington — Safety regulators are urging automakers to design dashboard technology with a view to limiting the amount of time that drivers take their eyes off the road and their hands off the wheel. More Chrysler ends bid for U.S. loansChrysler Group LLC has abandoned its long-languishing application for billions of dollars in federal energy loans. More Visteon said to be nearing sale of lighting unit to Varroc GroupVisteon Corp., the auto parts maker shopping two of its four units, is in talks with India's Varroc Group about a sale of its lighting unit, said three people familiar with the sales process. An agreement may come as early as the end of the month, two of the people said. More Ford free to offer proposal for blast-proof trucks, army saysFord Motor Co. can submit an unsolicited proposal for $54 billion in work replacing U.S. military Humvees with blast-proof, all-terrain vehicles, the U.S. Army Secretary said. More Analysts: GM Europe revamp to cost at least $1BGeneral Motors Co., facing mounting losses in Europe, will have to spend at least $1 billion to revive its operations in the region, according to estimates from three analysts. More GM to move all salaried workers to 401(k) plansGeneral Motors Co. is ending traditional pensions for all U.S. salaried employees and replacing them with more common defined-contribution, or 401(k), plans. More Ford cited for backing female-owned suppliersA national women’s entrepreneur advocacy organization has recognized a Detroit automaker for its efforts to support women-owned suppliers, a first for any automaker. More Latin America favoring Chinese carsLima, Peru — At first, Lima taxi driver Mario Segura was disgusted by the thought of buying a Chinese-made car. He had doubts about the vehicles’ durability, service and resale value. More GM’s Akerson: $7.6B profit a ‘solid performance’General Motors Co. has reported a profit of $7.6 billion for 2011, but trouble in Europe took a big bite out of the automaker’s fourth-quarter earnings. GM’s U.S. factory employees should get profit-sharing checks of about $7,000. More Chrysler ends bid for new U.S. loansChrysler Group LLC is abandoning its application for billions in Energy Department retooling loans, three people close to the situation told The Detroit News. It’s the latest setback for the Obama administration’s struggling program to help automakers build more fuel-efficient vehicles. More DOT issues guidelines to limit dashboard distractionsWashington — Safety regulators are urging automakers to design dashboard technology with a view to limiting the amount of time that drivers take their eyes off the road and their hands off the wheel. More GM employees to reap profit benefitsGeneral Motors Co.'s record annual profit is good news for its U.S. employees, most of whom will get either profit-sharing checks or bonuses over the next couple of weeks. More Lexus tops J.D. Power list; Cadillac is No. 3 as Ford's Lincoln drops to No. 7American automakers continue to make strides in terms of vehicle dependability, according to the J.D. Power & Associates 2012 U.S. Vehicle Dependability Study released Wednesday. But relatively high levels of consumers continue to express reliability concerns over domestic brands. More Tesla Model X an instant hitTesla Motors’ new electric crossover got off to roaring sales start. The Palo Alto, Calif., carmaker said it took in $40 million in advance sales of the new Model X in the day after revealing it at its design studio. More |
Latest headlinesCandidates reiterate auto bailout opposition in GOP debateThe auto bailout and other economic issues dominated the start of the Republican candidates’ debate Wednesday night. More Repcom20120222..c3202220462.article.politics01NoLabel
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