Cars
Nine Japanese companies and two executives will pay approximately $745 million (€552 million) in fines after they pleaded guilty for conspiracies to fix the prices of auto parts sold to U.S. automakers.
- Toyota Remains No. 1 Global Carmaker In 2013, But Gm And Vw Are Closing The Gap
Toyota is the world’s largest carmaker for the second straight year, with the company selling 9.98 million units last year, beating both the GM and Volkswagen Groups. Toyota said its vehicle sales, including deliveries from subsidiaries Hino Motors...
- Ford Focuses On China, Will Build $760 Million Plant To Double Annual Capacity To 1.2 Million Units
There's no denying that the Chinese car market is a top priority for the entire automotive industry, which explains the huge investments made by all companies. In an attempt to improve its position in the market and catch up with rival carmakers...
- Gm Is World’s Number One Automaker, Toyota Drops To 3rd Place Behind Vw
Well, it was almost certain to happen after the March 11 earthquake and Tsunami hit Japan causing multiple problems to the country's automotive industry. Toyota, the world’s largest carmaker, saw its production drop by 23% to 3.37 million...
- Mercedes-benz' Parent Company Sells Tata Motors Stake
Daimler AG, the company that owns Mercedes-Benz, today sold its entire 5.34% stake in India's Tata Motors ending a relationship that stretches back more than five decades. The German firm said that the sale of 25.6 million shares will generate approximately...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
Cars
Big Japanese Auto Suppliers Fined $745 million for Price Fixing in the U.S.
Nine Japanese companies and two executives will pay approximately $745 million (€552 million) in fines after they pleaded guilty for conspiracies to fix the prices of auto parts sold to U.S. automakers.
The Department of Justice said that price-fixed automobile parts were sold to Chrysler Group, Ford and General Motors, as well as to the U.S. subsidiaries of Honda, Mazda, Mitsubishi, Nissan, Toyota and Subaru.
Read more »- Toyota Remains No. 1 Global Carmaker In 2013, But Gm And Vw Are Closing The Gap
Toyota is the world’s largest carmaker for the second straight year, with the company selling 9.98 million units last year, beating both the GM and Volkswagen Groups. Toyota said its vehicle sales, including deliveries from subsidiaries Hino Motors...
- Ford Focuses On China, Will Build $760 Million Plant To Double Annual Capacity To 1.2 Million Units
There's no denying that the Chinese car market is a top priority for the entire automotive industry, which explains the huge investments made by all companies. In an attempt to improve its position in the market and catch up with rival carmakers...
- Gm Is World’s Number One Automaker, Toyota Drops To 3rd Place Behind Vw
Well, it was almost certain to happen after the March 11 earthquake and Tsunami hit Japan causing multiple problems to the country's automotive industry. Toyota, the world’s largest carmaker, saw its production drop by 23% to 3.37 million...
- Mercedes-benz' Parent Company Sells Tata Motors Stake
Daimler AG, the company that owns Mercedes-Benz, today sold its entire 5.34% stake in India's Tata Motors ending a relationship that stretches back more than five decades. The German firm said that the sale of 25.6 million shares will generate approximately...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...