Hyundai-Kia Automotive Group has officially become the world’s fourth largest automotive manufacturer, according to figures released from the Automotive News Data Center. The Korean automaker has supplanted FoMoCo, as the American manufacturer saw a 30% decline in sales during the first half of 2009.
Hyundai-Kia sold 8,000 more vehicles than the US giant in the first half [...]
FoMoCo’s chief financial officer Lewis Booth said today that the Dearborn automaker plans to refresh 70 to 90 percent of its vehicle lineups by volume in North America, Europe, Asia Pacific and Africa by 2012. Giving an analogy of doughnuts, Booth said that Ford is “going to have fresh products.”
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“I don’t know — what’s [...]
Fiat SpA’s bid for Carrozzeria Bertone was approved Thursday by the Italian government. Fiat won against other bidders including entrepreneurs Gianmario Rossignolo and Domenico Reviglio, Chinese automaker FAW Group Corp. and an unnamed Spanish group.
The Italian automaker will now invest $215.9 million (150 million euros) over three years in the coach-builder that has produced models ranging from [...]
DETROIT — About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company’s goal, meaning more layoffs are likely.
GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500. Monday’s report means that [...]
