AUBURN HILLS, MI-After months of
turmoil, Chrysler Group’s top executives are preparing to roll out a new
five-year plan to get the company back on track. MORE
MUNICH, Germany-Responding to increased criticism of executive compensation rates, German automaker BMW plans to tie managers’ salaries to those of assembly-line workers. It would be the first German manufacturer to do so. MORE
DETROIT-Analyst: Ford workers who rejected the company’s
proposed new contract don’t seem to understand that the company’s position
remains a precarious one. MORE
LONDON-British car manufacturer Axon Automotive has unveiled out a new
plug-in hybrid electric vehicle that runs on full electric mode in the city and
uses gas or bioethonol for longer journeys. MORE
WEST POINT, GA-The newly completed Kia Motors plant in West Point is open for business. Production began at 7:30 a.m. Friday on the first road-ready crossover vehicle. The first shiny new Sorento will be displayed in the factory’s lobby. MORE
WILMINGTON, DE-Vice President Joe Biden plans to visit a closed General Motors plant here on Tuesday. The California-based venture capital firm Fisker Automotive Inc. has reached a deal to buy the plant and plans to use it to assemble plug-in hybrid electric cars. MORE