BIRMINGHAM, Ala.— An automotive parts supply company based in India is planning to build a $150 million plant in Tuscaloosa and create 650 jobs, Alabama Gov. Alabama is home to three automotive manufacturing plants, an engine manufacturing plant and many other facilities that offer parts and services. The company qualifies for more than $22 million in a 10- year...» Read More
With lower shipping costs and competitive wages, Mexico is booming, attracting foreign investment from firms that supply North America — a concept known as nearshoring.
Ford Motor is to launch its Lincoln brand in China in an effort to tap into the country’s growing sales of premium cars, as part of a broader push to rejuvenate the straggling upscale marque. The FT reports.
While GM has improved its products since it hobbled out of bankruptcy in 2009, the automaker had yet to deliver a signature new model that proves it belongs among the industry’s elite. This might be about to change, the New York Times reports.
Global automakers struggling with falling sales in China and Europe are now looking at the United States, which with its high level of pent up demand, could be the next growth market they are looking for, say analysts.
China is shipping just a few thousand cars a year to the EU and virtually none to the U.S. But China’s exports to emerging markets are surging as its own auto market slows and its automakers keep pouring billions into new factories. The New York Times reports.
The unexpected move by Guangzhou, China’s third largest city, to restrict car purchases by putting a cap on vehicle registrations, led to a selloff in auto stocks on Tuesday and analysts say the move is negative for the country’s auto sector, as it sets a precedent for other cities to implement similar measures.
Is the sharp drop in auto parts stock an indicator of a downturn for the auto industry? CNBC's Phil LeBeau reports the details.
Find out why the “Mad Money” host thinks the auto parts retailer’s stock should be avoided.
The “Mad Money” host details his “Game Plan.”
This week the world's top auto executives have been gathering in China for the Beijing auto show. We’ve put together photos of new models and concept cars introduced at the event.
Japan is on an unsustainable path of a strong yen and deflation. The unprofitability of Japan's major exporters and emerging trade deficits suggest that the end of this path is in sight, says Andy Xie.
Further increase in gasoline prices may force Americans to cut spending, and in turn may hurt consumer-related stocks, says a new report from Barclays Capital.
A California company can pull lithium, and other critical metals, out of the effluent water of geothermal power plants, removing the need to drill or blast for new resources the way miners typically do.
Discussing whether Toyota can regain sales momentum in 2012 following a tumultuous year in 2011 when the tsnuami in Japan offset production, with Jim Lentz, Toyota U.S.A. president, and CNBC's Phil LeBeau.
There hasn't been this type of energy at the Detroit Auto Show in years. To quote Chrysler CEO Sergio Marchionne, "It's a different world. It's like a throwback to the 90's. This is the kind of atmosphere we used to have at the Detroit Auto Show when things were going well."
Car and truck sales are jumping, as new models catch on, and market share is inching up.
The "Mad Money" host outlines his "Game Plan" for Tuesday, Dec. 6.
Three years after launching the Nano as “the world’s cheapest car”, Ratan Tata, chairman of India’s second largest industrial group, presented what may be the world’s most-expensive automobile: the jewel encrusted GoldPlus Nano. The FT reports.
We’ve put together a list of the world’s 10 biggest auto markets based on forecasted new light-vehicle sales for 2011 from the consulting firm J.D. Power and Associates.
British luxury carmaker Rolls-Royce Motor Cars expects sales from Asia to account for 40% of its total by year-end. In an interview at his headquarters in Goodwood, England, CEO Torsten Müller-Ötvös discusses his roadmap for the Asian region with Managing Asia.