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Mitsubishi revamps U.S. strategy
Mon, 24 Jan 2011Mitsubishi plans a different U.S. model lineup and a new production strategy for its assembly plant in Normal, Ill., as it shifts emphasis away from regionally focused vehicles to global small cars, hybrids and electrics. Shinichi Kurihara, CEO of Mitsubishi Motors North America, says the company will launch four new models in the United States within three years, as four slow-selling U.S.-built vehicles are phased out of production by 2014.
New technology combats drowsy driving
Mon, 20 Dec 2010Auto supplier Takata is introducing a new driver-alertness warning system to the commercial trucking industry to keep drivers awake. The SafeTrak electronic vision system sounds an alert if a trucker is driving erratically or unintentionally drifting from a lane. A recent AAA study for traffic safety found that drowsy driving is a contributing factor in 16.5 percent of fatal car crashes in the United States.
Marchionne says he'll likely step aside from Chrysler in 2015 or 2016
Wed, 03 Aug 2011Chrysler CEO Sergio Marchionne on Wednesday hinted that he will be stepping aside from the helm of the U.S. automaker within five years. During a question-and-answer session at the 2011 Management Briefing Seminars in Traverse City, Mich., the 59-year-old executive said Chrysler's future plans "will be up to the guy after me--after 2015 or maybe a year later….