GENEVA – Automobiles Peugeot is counting on the new 407 unveiled here to sell 1.5 million units in the next seven years, but with an annual capacity of 300,000 units, the car could do even better....More
GENEVA – ItalDesign SpA takes center stage on the first day of the Geneva auto show press preview with a show car that combines the sleekness of a sports car with the hybrid powertrain technology of the Toyota Prius....More
FRANKFURT – Despite rumors to the contrary, sources say Martin Smith did not resign as executive director-design at Adam Opel AG to head up Ford of Europe Inc.’s design operations because he was passed over for Wayne Cherry’s job at General Motors Corp. last year....More
The Henry Ford in Dearborn, MI, hosted its fifth annual Maker Faire Detroit this past weekend in highlighting the importance of grassroots innovation and problem-solving. Some 400 creators participated in this year’s event, including 100 for the first time.
“What we are finding is manufacturers are not only bringing technology in faster than we thought they would, they are also bringing different technology to fruition than what we anticipated,” says the EPA’s Michael Olechiw....More
The earnings swoon also reflected difficulties in international markets, specifically South America, where economic headwinds are affecting sales, and in Europe, where GM continues to book losses as it restructures its business....More
In October 2013, trade between NAFTA partners totaled $103.1 billion, up 4.5% from a year earlier, marking the first month in the pact’s history in which trade exceeded $100 billion in a single month....More
Economic recovery is weak and gradual, unemployment remains stubbornly high and Europe faces a growing and acute economic challenge from other global regions. We will only deliver the full potential benefits of the Single Market if we set a genuinely new course for Europe....More