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News watch June 2010: today's auto industry news
Wed, 30 Jun 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.
Why this year's UAW-Detroit 3 talks don't matter
Thu, 08 Sep 2011Here's what you need to know about the current UAW contract talks with the Detroit 3: They don't really matter. Oh, sure, agreements must be reached and contracts signed. But some commentators would have you believe the Detroit 3's future competitiveness hinges on their ability to stand up to the UAW in this year's negotiations.
Toyota Recall Update: Half of UK cars now fixed
Mon, 15 Mar 2010Toyota has fixed half of the 180k cars recalled over the sticky throttle problems It seems like forever ago that we revealed the enormous problems Toyota had with a mass worldwide recall on a chunk of the cars they’ve produced in the last few years, but it’s actually only a little over a month – even less since we reported on the Prius recall. But having reported the negatives about Toyota – deservedly so – it’s only fair to report the positives. The Toyota Recall for the sticky accelerator affected a rather significant 180,965 cars in the UK alone.