Auto Components
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NASHVILLE, Tenn.-- Automotive supplier Van-Rob will expand its plant in Tennessee's Coffee County, adding 104 jobs. Company and state officials said Wednesday the company is spending $16.8 million to increase manufacturing in Manchester. Van-Rob, Inc. _ based in Aurora, Canada _ is a division of KIRCHHOFF Automotive.
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*Multibillion-dollar effort to boost sales in Europe, Asia. DETROIT, Dec 21- The 62- year-old Jeep brand is poised to get a sweeping multibillion-dollar overhaul that will expand the product range, boost its overseas presence and knit the fortunes of Jeep and U.S. parent Chrysler even more closely with those of Italy's Fiat SpA.
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Toyota Motor has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, the U.S. Department of Transportation said.
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With lower shipping costs and competitive wages, Mexico is booming, attracting foreign investment from firms that supply North America — a concept known as nearshoring.
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The municipal government of Guangzhou, a sprawling metropolis that is one of China’s biggest auto manufacturing centers, introduced license plate auctions and lotteries last week that will roughly halve the number of new cars on the streets. The NYT Reports.
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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.
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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.
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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.
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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.
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Shares of auto parts manufacturer, American Axle, are cheap and moving in the right direction, says Mad Money's Cramer. Its stock offers investors a smart speculative buy right here, selling for only 5.6 times forward earnings estimates, despite having a 16% long-term growth rate.
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Mad Money's Jim Cramer says the best way to play the auto sector is with companies that are selling parts to automakers, like Dana Holdings Corp.
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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."
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Car and truck sales are jumping, as new models catch on, and market share is inching up.
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The big three automakers sold more than 6 million vehicles last year, so what's the outlook for the auto industry in 2012? CNBC's Phil LeBeau and Chris Ceraso, Credit Suisse, discuss.
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A funny thing happened on the road to globalization. It became a two-way street, not a one-way trade superhighway for the developed economies.
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The President makes a triumphant return to Ground Zero, Wall Street anticipates strong GM earnings and retail sales, while the dollar may fall further on Euro policy. Here's what we're watching…
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The 14th annual Shanghai International Automobile Industry Exhibition features 2,000 carmakers and parts suppliers from 20 countries. Check out the highlights!
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Surging prices for many REMs and the possibility of hoarding have companies on the offensive, spurring a new effort to reclaim valuable elements from mountains of e-waste.
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Here's what you should be watching Thursday, March 30.
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Here's what you should be watching Thursday, March 24.