More in North America

  • Newswire

    Fiat Spinoff Boosts FCA's Fortunes  

    Rising sales and profits, and successful new products, have improved the automaker's share value going back to last year, but some analysts predict a backslide when the Ferrari spinoff is completed....More
  • Newswire

    Potential Airbag Defect Prompts VW Recall  

    The automaker says it has received no reports of airbags failing to deploy because of the possible defect, but it nevertheless is recalling 420,000 VW Golf, Passat, Jetta and Tiguan models built between 2010 and 2014....More
  • Aug 14, 2015
    blog

    Merge Those Powertrain Operations 2

    In the NAFTA market alone, GM, Ford and FCA will build nearly 9 million engines and 9 million transmissions this year. FCA estimates nearly 90% of that production overlaps....More
  • Newswire

    Tesla Hikes Share Offering to $642.5 Million  

    The electric-vehicle maker says it will offer 2.7 million shares valued at $642.5 million, nearly 30% higher than the $500 million sale announced Thursday....More
  • Newswire

    UPDATE 3-Musk to invest $20 mln in Tesla's $500 mln share sale  

    (Adds Breakingviews link) By Sagarika Jaisinghani and Arunima Banerjee Aug 13 (Reuters) - Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company's $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash. Tesla said on Thursday it would use the proceeds from the sale to help fund its upcoming Model 3 project and its battery gigafactory in Nevada. (http://bit.ly/1TuIQJa)...More
  • Newswire

    CORRECTED-Ford moves commercial truck production to Ohio from Mexico  

    (Corrects name of plant location to Avon Lake, not Avon Park) DETROIT, Aug 12 (Reuters) - Ford Motor Co on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland-area plant, moving production out of Mexico for the first time....More

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