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Updates from March, 2010

  • Coda Automotive, a California battery systems manufacturer and fledgling electric-car maker, and joint venture partner Lishen Power Battery said today that they have secured $394 million of investment and lines of credit.
    5:17 pm on March 30, 2010
     

  • The era of pushing production beyond what the market demands is over, but other concerns have emerged -- such as limiting options and variant proliferation, manufacturing executives said today at an industry conference.
    3:40 pm on March 30, 2010
     

  • Perhaps seeing some light at the end of the tunnel, Toyota expects March sales to be up 30 to 35 percent over year-ago figures, outpacing industry gains, its top U.S. executive said today. Jim Lentz, president of Toyota Motor Sales U.S.A.
    2:43 pm on March 30, 2010
     

  • Chrysler Group LLC is on track to break even on an operating basis in 2010 and is ahead of its turnaround targets, Chief Executive Sergio Marchionne said on Tuesday.
    2:31 pm on March 30, 2010
     

  • Automakers are expected to post a sharp jump in March U.S. auto sales, supported by hefty incentives from Toyota Motor Corp, analysts said.
    2:05 pm on March 30, 2010
     

  • Two leading U.S. economists today predicted a return to more normal economic conditions by the end of 2010. As a result, they forecast U.S.
    2:04 pm on March 30, 2010
     

  • March 30: U.S. Sec. of Transportation Ray LaHood discusses two major investigations launched by the Dept. of Transportation Tuesday on the issue of unintended acceleration. (Nightly News)Auto safety regulators said on Tuesday they will tap the expertise of the country's top space and aeronautics experts to analyze Toyota Motor Corp's electronic throttles.


    1:59 pm on March 30, 2010
     

  • Chrysler Group will begin building the 2011 Jeep Grand Cherokee -- the first salvo in an effort to restore a product-starved lineup -- on May 3, CEO Sergio Marchionne said today. Sales of the redesigned Grand Cherokee will begin in July.
    1:00 pm on March 30, 2010
     

  • Chrysler Group is on track to break even on an operating basis in 2010 and currently holds more than $5 billion in cash, CEO Sergio Marchionne said.
    12:00 pm on March 30, 2010
     

  • Mitsubishi Motors Corp. said today it would lower the price on its electric i-MiEV car by 619,000 yen to 3.98 million yen ($43,020), pitting it against rival Nissan Motor's zero-emission Leaf model.
    8:46 am on March 30, 2010
     

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