Autos
Exclusive: Wanxiang, VL Auto bid on Fisker; others eye DOE buyout
DETROIT - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer to buy cash-strapped "green" car company Fisker Automotive this month, people familiar with the matter said.
Denso executives to plead guilty to price fixing in Toyota case
WASHINGTON - Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.
Two Denso Corp executives to plead guilty to price fixing: U.S.
WASHINGTON - Two executives at auto parts maker Denso Corp have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday.
AutoZone profit beats as long winter leads to more repairs
- AutoZone Inc , the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as U.S. customers undertook car repairs after a prolonged winter.
GM gearing up for big ad push for crucial new pickups: executive
DETROIT - The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday.
Wildcat strike hits Mercedes South African plant
CAPE TOWN - Car maker Mercedes Benz said on Monday workers at its South African assembly plant had gone on an illegal strike at the end of last week but had agreed to resume operations on Tuesday.
Toronto mayor denies smoking crack cocaine
TORONTO - Toronto Mayor Rob Ford, a target of criticism for his often unconventional conduct, on Friday denied media allegations that he had been caught on video smoking crack cocaine. | Video
GM stock tops 2010 IPO price
DETROIT - General Motors Co shares on Friday topped their 2010 initial public offering price, which will help the automaker's largest shareholder, the U.S. Treasury, pare its losses.
Ohio's well data shatters shale oil hopes
NEW YORK - U.S. hopes for a new shale oil bonanza in Ohio, joining the prolific Bakken and Eagle Ford plays that have raised production to 20-year highs, were shattered on Thursday by the first hard evidence that the Utica formation was primarily gas-prone.
Fiat says moving headquarters to U.S. not on agenda
MILAN - Italian carmaker Fiat SpA said on Thursday the idea of moving the group's legal headquarters to the United States is not on the agenda.
Senate panel peels back Apple's offshore taxes
WASHINGTON - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers kept billions of dollars in profits in Irish subsidiaries to avoid U.S. taxes. | Video
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