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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 in on investor appetite for green technology and interest in battery-powered... 2:00 pm U.S. ET | Nov. 20
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 complaints about rusted frames on 2000 and 2001 Toyota Tundra pickups. 1:25 pm U.S. ET | Nov. 20
Chevrolet's SS performance designation will survive, GM vice president of global engineering, told AutoWeek. 10:47 am U.S. ET | Nov. 20
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 on sale Dec. 15, American Honda Motor Co. said today in a statement. 4:22 pm U.S. ET | Nov. 20
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 process said. 12:01 am U.S. ET | Nov. 20
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. 2:00 pm U.S. ET | Nov. 20
Ford Motor Co. plans to invest 4 billion reais ($2. 7:46 am U.S. ET | Nov. 20 | UPDATED: 11/20/09 2:10 p.m. ET
VW plans automotive capital expenditure of around 19.9 billion euros ($29.55 billion) in the coming three years, half of it in Germany alone, VW said. Roughly 13. 8:16 am U.S. ET | Nov. 20
CALIFORNIA SEEN
Next year will see the mainstream arrival of plug-in hybrid vehicles, an array of Chevy Volts, Nissan Leafs and Fisker Karmas, followed soon after by plug-in Priuses. 3:42 pm U.S. ET | Nov. 20
General Motors Co.'s Cadillac has cut the list of semi-finalists vying for the brand's national creative account in half. 12:18 am U.S. ET | Nov. 19 | UPDATED: 11/19/09 11:17 a.m. ET
Tenneco Inc. is offering 12 million additional shares of stock, and TRW Automotive Inc. is selling two groups of senior debt notes totaling at least $475 million, as the suppliers aim to pay off debt and fund operations. 2:13 pm U.S. ET | Nov. 19 | UPDATED: 11/20/09 10:34 A.M. ET
Exide Technologies has landed a deal to sell 105,000 more batteries a year to Toyota Motor Corp., deepening its relationship with the world's top carmaker and boosting the battery company's shares. 9:00 am U.S. ET | Nov. 19
Italian businessman Gian Mario Rossignolo plans to revive the De Tomaso sports car brand. The former Fiat executive aims to build 8,000 De Tomaso cars a year in a former Pininfarina factory near Turin. 6:52 am U.S. ET | Nov. 19
Directory
Chrysler Group, seeking to boost sales after a dismal October, launched a major new incentive campaign today. 11:55 am U.S. ET | Nov. 20 | UPDATED: 11/20/09 3:45 p.m. ET
Akio Toyoda believes firmly in the value of genchi genbutsu, the Toyota Motor Corp. doctrine of going on site to see for yourself. So the president of the world's biggest carmaker visits factories, drops in on dealerships and takes cars to test tracks. Lots of cars. 12:01 am U.S. ET | Nov. 16
The to-do list of Hummer CEO Jim Taylor is 340 items long -- all due by Dec. 1. That's when he hopes General Motors Co. can close a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. "All our plans have to be in place so as to be ready to fire Dec. 12:01 am U.S. ET | Nov. 16
