The redesigned 2013 Ford Escape, due this summer, will be loaded with electronic features, such as parking assist and Curve Control, which automatically slows the vehicle when it's going too fast in a corner. Ford is dropping an available V-6 and a hybrid version.
Three out of every 10 Fords sold in the U.S. go to fleet buyers. It has also boosted its share of the U.S. fleet market to 27 percent from 22 percent five years ago. In this segment, Kevin Koswick talks about the direction of fleet sales and how it continues to be a growing business for Ford.
Renault-Nissan and their Russia partner AvtoVAZ have opened a new production line at the Russian automaker's factory in Togliatti. The line has an annual capacity of 350,000 units and will build vehicles for the three brands, Renault said.
Nissan plans to invest $200 million to build a new compact hatchback in England. Production of the car, which will compete against models such as the Volkswagen Golf and Ford Focus, will start in 2014.
GM Vice Chairman Stephen Girsky said last week the automaker wasn't panicking over its U.S. market share slide. At 17.5 percent, GM's domestic market share through March “may have surprised some people,” Girsky told analysts April 4.
Sales of new cars and light commercial vehicles in Russia rose 13 percent in March to 252,816, the Association for European Businesses said. Despite the rise, growth was markedly lower than in the first two months.
Trade-in values of compact and mid-sized used cars are expected to peak over the next few weeks, a senior analyst at NADA Used Car Guide predicts, citing a shortage of used-vehicle inventory, rising gasoline prices and demand for fuel-efficient vehicles.
German supplier Robert Bosch GmbH today named Mike Mansuetti president of its North American business, Robert Bosch LLC. Mansuetti, 46, will assume the role July 1 from Werner Struth, 55, who will remain chairman of Robert Bosch LLC and a board member for its German parent.
The federal Advanced Battery Consortium has awarded a $5.48 million contract to automotive supplier Johnson Controls to continue development of lithium ion battery technology for plug-in hybrid vehicles.
The diversity of Mazda's assets -- including a professional baseball team, a hospital and more than $5 billion in land -- illustrates why scrutiny may intensify on Mazda President Takashi Yamanouchi's plans to revive a company that's forecasting its biggest annual loss in 11 years.
Fast-rising labor wages have shaken China's claim as the world's lowest-cost auto parts producer, but it's unclear whether this means the flow of Chinese parts to the United States will slow. Last year, U.S. imports of China-made parts jumped 23 percent to $11.
MacLean-Fogg Component Solutions has merged its Polymer Technologies unit with EPC of Menomonee Falls, Wis. The new unit, called Engineered Plastics Co., will be aligned with MacLean-Fogg's engineered components group. EPC, a supplier of plastic injection moldings, has been in business since 1981.
Johnson Controls Inc. has formed a joint venture with Pricol Ltd. to produce instrument clusters, displays and body electronics. The 50-50 partnership will be named Johnson Controls Pricol Private Ltd.
Grede Holdings LLC has acquired a foundry and other assets of Virginia Casting Industries LLC, which is based in Radford, Va . The foundry, which produces steering knuckles and lower control arms, employs 170 workers. As Grede adds new business, employment is expected to rise to 270 workers in 2013.