A subsidiary of a Korea-based auto supplier will take over and invest $22 million in ArvinMeritor Inc.and#8217;s manufacturing plant in Detroit as ArvinMeritor continues to exit its light vehicle systems business.
General Motors Co. was close to signing a deal to sell a 55 percent stake in its European arm Opel to Canada's Magna International Inc. today as talks continued with unions over job cuts.
A no-strike clause for wage and benefit issues and the promise of a $1,000 bonus for UAW-represented workers are among highlights of the proposed contract between Ford Motor Co. and the union. Ford, the only U.S.
Wescast Industries Inc., North Americaand#8217;s largest supplier of exhaust manifolds, said CFO Ken Harris will resign at the end of the month after 20 months on the job.
Since launching its money-back-guarantee program, General Motors Co. has had one customer return a vehicle, GM Vice Chairman Bob Lutz said today. GM has sold about 150,000 vehicles since the program began.
The Detroit suburb of Royal Oak could be the new home of Saab Cars USA. Saab, which is being sold by General Motors to Swedish supercar maker Koenigsegg Automotive AB, would invest $2.
Johnson Controls Inc. has the money to invest in acquisitions when some rivals find themselves in distress, but the car interiors company will not act as a consolidator of failing U.S. auto suppliers, its two top executives said on Tuesday.
General Motors Co. aims to grow faster in China than the country's total market in 2010 -- a benchmark the U.S. automaker achieved during the first three quarters of 2009. GM, which competes with Volkswagen AG and others, sold 55.
Aisin Seiki Co., the worldand#8217;s fifth-largest auto parts supplier, will sell part of its brakes business to Advics Co., a joint venture Aisin helped start with Toyota Motor Corp.
