General Motors Co (GM.N) is recalling 51,640 Buick Enclave, Chevrolet Traverse and GMC Acadia SUVs of the 2014 model year because faulty software may cause the fuel gauge to read inaccurately, U.S. regulators said on Saturday.
May 6 , 2014BorgWarner Inc., which makes a variety of fuel efficient components such as dual-clutch transmissions, raised its 2014 earnings forecast after posting a better-than-expected first-quarter profit.
May 5 , 2014Honda Motor Co (7267.T) will double the number of car models it sells in China over the next two years to try to capture market share from rivals such as General Motors Co (GM.N), Japan's Nikkei newspaper reported on Saturday. Honda will expand its product range to about 20 models by sharing platforms and other major parts between its two joint ventures in China, the Nikkei said without citing the source of its information.
May 5 , 2014Toyota Motor Corp. (7203.T) said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has been actively poaching businesses from the Golden State.
May 4 , 2014On April 20, Elon Musk, CEO of Tesla, did not step into Beijing Auto Exhibition by two things. First one is Chinese media report onto “Order Door” of Tesla. The second one is achieving every possible relationship in China working for Tesla China made progress and charging station building. Meanwhile, BMW CEO stands onto its stage and announces with ambition that “BMW pure electronic car I3 now open for orders.”
May 4 , 2014Changan Auto has published its report for the first quarter of this year on night of 29 April. From Jan to March, the company has realized operating income of 12.19 billion CNY, which has increased 19.79% over last year. It has realized profit of 1.97 billion CNY, which has dramatically increased 265.57%. Earning for each share is 0.42 CNY.
May 4 , 2014