Manufacturing
Citi North America Consumer-Banking Chief Teresa Dial Departing
Citigroup Inc. (C) said Teresa Dial, head of the company's North American consumer-banking business, has left for "personal reasons" and will become a senior advisor.
Ford's Global CEO Reveals New Ford Figo Targeting India Market and Export Sales
India's role as an important player in the future of Ford Motor Company's (NYSE: F) international strategy was underscored today when the company's President and CEO, Alan Mulally, unveiled an all-new car targeting the heart of the Indian car mark...
General Motors: First U.S. Automotive Lithium Ion Battery Plant to Open
The Volt is getting one step closer to lighting up the road. In an effort to deliver more fuel efficient vehicles to American drivers, GM is investing $43 million to manufacture lithium ion battery packs for its extended-range electric vehicles.
Ford Further Increases Vehicle Production as Customers Demand More Fuel-Efficient Vehicles
Ford Motor Company (NYSE: F) today [Aug 13] announced it is increasing North American production in the third and fourth quarters to respond to growing demand for new Ford products and to ensure dealers are well stocked with fuel-efficient vehicle...
Michigan to get big slice of $2.4 billion in battery grants
WASHINGTON – Michigan will be the big winner under a $2.4 billion plan to boost U.S. manufacturing of electric and hybrid vehicles that Vice President Joe Biden will unveil later this morning in Detroit.
In Boost for Detroit, Obama to Buy 17,600 Fuel-Efficient Fleet for Uncle Sam
President Obama yesterday announced plans to buy 17,600 American-made, fuel-efficient cars and hybrids for the government fleet, the White House's latest gambit to steer aid to the nation's beleaguered automakers.
Obama unveils $2.4-billion grant program to aid electric cars
Pomona -- On the second day of his tour of Southern California, President Obama highlighted his environmental jobs agenda with a visit to an electric-vehicle testing facility in Pomona, where he announced a $2.4-billion competitive grant program t...
Pepsi Considers Moving Headquarters Out Of New York
Pepsi is considering moving its headquarters, along with more than 1,000 jobs, out of the state.
US Auto-Parts Makers Ask for Aid: Report
U.S. auto-parts suppliers are asking for up to $20.5 billion in federal aid to survive the worst industry downturn in decades, Automotive News reports.
US Auto-Parts Makers Ask for Aid: Report
U.S. auto-parts suppliers are asking for up to $20.5 billion in federal aid to survive the worst industry downturn in decades, Automotive News reports.
Hopes of China recovery fuelled by PMI, loan surge
A rise in China's official manufacturing index coupled with a surge in bank lending to feed optimism on Wednesday that the world's third-largest economy may soon be on the road to recovery.
Senator and Cars on Display
One of the chief opponents of the Senate's bailout legislation for Detroit automakers created quite a stir at the auto show here Tuesday. "I realize I'm not popular here," said Sen. Bob Corker (R-Tenn.), as he toured the convention center floor on...
Troy firm snags Volt battery pack deal
The Chevrolet Volt's batteries will be coming from Korea, but the technology to keep those batteries cool and stable will be coming from Troy.
Alcoa Says More Output Cuts May Be Needed After Loss
Alcoa Inc., the largest U.S. aluminum producer, reported its first quarterly net loss in six years because of “historic” price declines and said demand for the metal may continue to weaken in 2009.
Volt battery pack will be Michigan-made
The signs at General Motors Corp.'s exhibit at the Detroit auto show Sunday were simple: "Here to stay." A month ago, the company seemed on the brink of collapse. But after winning more than $13.4 billion in federal support, GM seemed full of enth...
Boeing's good news: Orders are up
EVERETT -- After posting record sales in 2007, the Boeing Co. saw its order book decline roughly 50 percent last year as demand for aircraft cooled.
Report: Toyota developing solar powered green car
TOKYO (AP) - Toyota Motor Corp. is secretly developing a vehicle that will be powered solely by solar energy in an effort to turn around its struggling business with a futuristic ecological car, a top business daily reported Thursday.
Chrysler says to shut down all production for month
DETROIT (Reuters) - Citing a credit crisis and dwindling sales, Chrysler LLC on Wednesday said it would shut down all of its manufacturing operations from the end of this week for at least a month. The blanket shutdown marked a deepening of the fi...
Tesla to build electric car plant in San Jose
Luxury electric carmaker Tesla Motors announced Wednesday that it will build a $250 million factory in San Jose, a major coup for a city working hard to attract both manufacturers and green businesses.
Dell Plans to Sell Factories In Effort to Cut Costs
Dell Inc. is trying to sell its computer factories around the world, a move to sharply overhaul a production model that was long a hallmark of the PC giant's strategy but is no longer competitive.