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A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors. Xiang Dong Yu was arrested last month on charges that he stole thousands of secret documents detailing Ford designs. 12:01 am U.S. ET | Nov. 22
A group led by a former Ford director will make an offer for Volvo next week, rivaling a bid from China's Geely, a Swedish newspaper reported today. Media reports put the bid by the U.S. Crown consortium at between $2 billion and $2.5 billion. 4:46 am U.S. ET | Nov. 21
JCI workers agree on deal averting Chrysler shutdown, reports say
Workers and management at a Johnson Controls Inc. parts plant in Canada agreed on a new three-year labor deal, averting a production threat to Chrysler Group minivans, press reports said. The Canadian Auto Workers union and management early Saturday reached a tentative agreement set for a ratification vote Sunday at 1 p.m. ET, 5:16 pm U.S. ET | Nov. 20 | UPDATED: 11/21/09 2:05 p.m. ET
Senators seek answers on auto dealer closures
Nearly two dozen members of the U.S. Senate sought answers today from General Motors and Chrysler on efforts to resolve complaints from dealers who lost business with the ...
Chrysler beefs up holiday incentives, marketing
Chrysler Group, seeking to boost sales after a dismal October, launched a major new incentive campaign today. Chrysler timed the announcement for this morning so dealers ...
Electric carmaker Tesla preparing IPO, sources say
Silicon Valley electric sports car maker Tesla Motors is planning to go public soon, two people familiar with the situation said, outlining plans to sell stock and cash i ...
Toyota must submit data on rusting Tundras
Already facing a number of quality-related problems, Toyota Motor Corp. must submit information to the National Highway Traffic Safety Administration today in response to ...
SS safe for Chevy under Reuss's watch
Chevrolet's SS performance designation will survive, Mark Reuss, GM vice president of global engineering, told AutoWeek. In fact, Reuss envisions cars outfitted wi ...
Acura ZDX hatchback will start at $46,305
Acura will start pricing for its new 2010 ZDX five-door hatchback at $46,305, including delivery charges. The vehicle, based on Acura’s MDX crossover platform, goes ...
Chrysler could lose 100 more dealerships
More than 100 Chrysler dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the p ...
Fiat cannot keep all Italy plants open
Fiat S.p.A. may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, CEO Sergio Marchionne said today. Keeping a ...
Ford to invest $2.3 billion in Brazil
Ford Motor Co. plans to invest 4 billion reais ($2.26 billion) in Brazil to boost output as record-low borrowing costs and a recovery in Latin America's largest economy s ...
