The tough U.S. fuel economy standards announced by President Barack Obama on Tuesday represents a bonanza for companies that supply hybrid technology and other gas-conserving components needed to meet the new benchmarks.
President Barack Obama announced the first national standard for greenhouse-gas emissions from automobiles and tougher fuel mileage standards that mark the most sweeping new regulation of the industry in decades.
General Motors is engaged in negotiating a reorganization that could increase vehicle imports from its plants in Mexico and Asia while closing factories and cutting the work force in the United States.
New Delhi: Given the state of the global and domestic economies, and the fate that has befallen many of their international counterparts, automobile manufacturers in India are grateful to see fiscal 2008-09 come to an end. However, they are much more concerned about the future.
RIDING on the success of its small car brands, Spark and U-VA, General Motors (GM) will launch another small car priced at Rs 4 lakh by the end of calendar 2009. This new global product from the GM stable will have a 50% indigenisation component.
NEW YORK (Reuters) - Chastised by Congress and lampooned by comedians for flying private jets to Washington while asking for taxpayer money, the chief executives of U.S. automakers have learned a lesson: drive, don't fly.
PASSENGER-VEHICLE SALES in China fell for a second month in a row in September, dropping 1.4% from a year earlier to 552,800 vehicles and heightening worries about a demand slowdown.
Sales of passenger vehicles in the January-September period rose 11.4% to 5.1 million units, the China Association of Automobile Manufacturers said.
General Motors is cutting production at most of its 10 manufacturing plants in Europe in a stark sign of the growing toll the credit crisis is taking on demand in the real economy. GM said on Tuesday it was halting production or cutting shifts at the plants for between 10 days and three weeks in response to lower sales of its Opel, Vauxhall and Saab cars.
