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Updates from April, 2011

  • Major auto suppliers blew past profit expectations on Friday, suggesting the recovery in the global auto market remains strong despite rising oil prices and the disaster in Japan. Goodyear Tire and Rubber Co.
    8:16 am on April 30, 2011
     
  • With the battle for advancing automotive telematics heating up -- along with pressure for reducing driver distraction -- Volkswagen opened its larger Electronics Research Laboratory here on Friday.
    10:20 pm on April 29, 2011
     
  • With the battle for advancing automotive telematics heating up -- along with pressure for reducing driver distraction -- Volkswagen opened its larger Electronics Research Laboratory here on Friday.
    10:20 pm on April 29, 2011
     
  • A Mercedes-Benz assembly plant in Vance, Ala., that was damaged Wednesday by a massive tornado is scheduled to resume production Monday. The mile-wide tornado destroyed parts of Tuscaloosa, Ala., and caused minor damage to the Mercedez-Benz U.S.
    4:50 pm on April 29, 2011
     
  • Ford Motor Co. continues to steadily shovel away the mountain of debt it took on to pay for its restructuring. But a rating agency says that whacking debt isn't the only barrier to Ford's bonds moving out of the junk category.
    4:24 pm on April 29, 2011
     
  • A federal appeals court today rejected a challenge to the government's decision to allow California to cut greenhouse gas emissions from new cars sold in the state. The U.S.
    3:01 pm on April 29, 2011
     
  • Federal regulators have opened a safety investigation of as many as 865,000 General Motors SUVs from 2005-07 model years after complaints that inaccurate fuel-gauge readings led to stalling and one accident.
    1:01 pm on April 29, 2011
     
  • Saab is negotiating an investment and production deal with three Chinese carmakers, which may result in a deal within days, sources told Bloomberg News.
    11:49 am on April 29, 2011
     
  • Renault CEO Carlos Ghosn today pledged to "restore trust" in the French carmaker following the firing of three executives falsely accused of corporate spying.
    11:49 am on April 29, 2011
     
  • Lighter, less capable pickups -- perhaps car-based -- are a real possibility for the United States. If proposed tougher CAFE regulations become law and fuel prices remain high, automakers likely will be forced to rethink their pickup lineups.
    11:32 am on April 29, 2011