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Updates from July, 2011

  • Automakers have agreed to produce by the quarter-century mark the most fuel-efficient cars and trucks ever that will leverage new designs and technology, but still rely heavily on gasoline engines.
    1:31 pm on July 31, 2011
     

  • Automakers have agreed to produce by the quarter-century mark the most fuel- efficient cars and trucks ever that will leverage new designs and technology, but still rely heavily on gasoline engines.
    1:26 pm on July 31, 2011
     

  • Daimler CEO Dieter Zetsche says the company's Mercedes-Benz brand will challenge rival German premium brands BMW and Audi for the position as the world's best-selling and most profitable luxury automaker.
    1:01 am on July 31, 2011
     

  • Under Anand Mahindra, a scion of one of India's richest families, Mahindra and Mahindra has placed a big bet on reviving Ssangyong, South Korea's third-largest maker of SUVs. It's a daunting task.
    1:01 am on July 31, 2011
     

  • Fiat CEO Sergio Marchionne seized an opportunity in the U.S. after Renault SA CEO Carlos Ghosn concluded there was too much risk.
    1:01 am on July 30, 2011
     

  • President Obama's plan to sharply increase fuel economy standards is a positive step to reducing America's reliance on imported oil, but analysts say the full benefits may not be felt for at least another 25 years.
    1:01 am on July 30, 2011
     

  • Auto parts supplier Visteon on Friday announced the appointment of two new board members, the result of an agreement it struck with one of its hedge fund investors to avoid a proxy battle.
    7:31 pm on July 29, 2011
     

  • President Barack Obama, announcing plans to double vehicle mileage by 2025, was joined by major auto executives including, from left, John Mendel of American Honda, Doug Speck of Volvo North America, Alan Mulally of Ford and Dan Akerson of General Motors.President Barack Obama, with the backing of major carmakers, announced a plan  to boost average fuel economy of new cars and trucks to 54.5 miles per gallon by 2025, double current levels.


    5:48 pm on July 29, 2011
     

  • Ford labor chief said today the U.S. automaker hopes to avoid a strike in its talks for a new labor deal with the UAW.
    5:31 pm on July 29, 2011
     

  • Ford is struggling to meet demand for its hot-selling Focus because of a shortage of dashboards resulting from machinery malfunctions, the Associated Press reported today.
    5:11 pm on July 29, 2011
     

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