Moldova.org - Auto

Volvo presents the first in the world CO2 free vehicle production plant
The Volvo Group presents the first vehicle plant in the world that is completely free from carbon dioxide- Volvo trucks’ plant in Ghent, Belgium, with an annual capacity of 35,000 trucks and 2,500 employees. The Volvo Group’s efforts about CO2 emissions are fully in line with EU’s goal to reduce carbon-dioxide emissions by 2020 with 20%. Volvo CEO Leif Johansson said that the com more...

New Toyota Corolla and Matrix to debut next month
Toyota Motor Sales U.S.A. Inc. will present the new 2009 4-door Corolla sedan and the 5-door Matrix hatchback compact cars at the Specialty Equipment Marketers Assn. show in Las Vegas next month, according to company officials. The two cars last debuted in 2001, with the latter a twin of General Motors Corp.’s Pontiac Vibe, also new for this year. Toyota is this year’s official OEM more...

Daimler: Kerkorian loses Chrysler appeal
A U.S. appeals court ruled investor Kirk Kerkorian had no right to damages over the Daimler-Benz AG and Chrysler Corp. merger, DaimlerChrysler said Wednesday. The U.S. Court of Appeals in Philadelphia upheld a Delaware U.S. District Court's 2005 ruling Kerkorian hadn't been defrauded in the 1998 merger of Daimler-Benz AG and Chrysler Corp., the German automaker said. Kerkorian claimed in a more...

GM to make Poland big Chevrolet producer
U.S. automaker General Motors announced plans to rebuild the FSO manufacturing plant in Poland and make it Europe’s biggest Chevrolet producer. Peter Forster, chief executive officer of General Motors Europe, said the company wants to make cars in Poland for the next 25 years or more, a Polish Radio report said. GM plans to produce 400,000 Chevrolet vehicles annually. Earlier this mo more...

California loses car emissions lawsuit
California's bid to sue major U.S. and Japanese carmakers over tailpipe emissions has been quashed by a Washington judge, who said it is a federal issue. The state's suit against General Motors Corp., Ford Motor Co., Chrysler, Toyota Motor Co., Honda North America and Nissan North America sought millions of dollars for alleged damages from emissions-related problems such as drought, beach eros more...

GM, UAW resume talks; workers still on job
General Motors Corp. and the United Auto Workers resumed talks Monday, after a 3 a.m. break, as workers returned to their jobs. GM and Ford Motor Co. stock both rose as the market and analysts reacted positively to the marathon negotiations between GM and the UAW. Chrysler is privately owned by Cerberus Capital Management LP. GM stock was up more than 1.5 percent while Ford stock was up 3 more...

U.S. hybrid vehicle sales jump 49 percent
U.S. sales of new hybrid cars jumped 49 percent in the year's first seven months, due in part to a Midwest sales boom, an auto information company said Monday. Midwest hybrid sales soared 57 percent, with the Toyota Prius and hybrid version of the Toyota Camry the most popular models, R.L. Polk & Co. said. Oklahoma led all states with a 143 percent increase in hybrid sales, compared wi more...

GM chosen lead negotiator on UAW contract
General Motors has been chosen by the United Auto Workers as lead negotiator on a new four-year contract for Detroit’s “Big 3” automakers. The contract runs out at midnight Friday but an indefinite extension was expected. GM rivals Ford and Chrysler both agreed earlier to an extension. A strike was seen as unlikely. GM won a victory in taking the top role in the talks, th more...

Fiat and Severstal announce joint venture
Fiat Group Automobiles and Severstal Auto have announced the signing of a letter of intent to establish a commercial and industrial joint venture in Russia. Both automakers will have a 50% interest in the joint venture, Fiat Group Automobiles will lead the definition of the product range establishing a business that will include sales and marketing of all Fiat branded vehicles in the Russian Feder more...

Volkswagen eyes a 20 percent stake in troubled automaker Proton
According to an official familiar with the negotiations, German auto giant Volkswagen is eyeing a 20 percent stake in loss-making carmaker Proton, and talks will soon secure a partnership. He told AFP on condition of anonymity that Proton and Volkswagen had their fourth round of talks in Bangkok two weeks ago and will be meeting again soon for further negotiations. Second finance minister of M more...