Detroit Free Press Car News
SMR Automotive Systems says it's investing $40 million to expand its Marysville facility and plans to add more than 350 jobs during the next three years.
Memorial Day weekend could be a smashing three days for the auto industry, which is pushing for the highest level of sales this year since 2002.
Musk's 'not an American company' argument ignores that the bulk of profits and cash that allowed Fiat to repay the loan came from the sale of Chrysler vehicles in the U.S. Chrysler's North American business now accounts for 75% of Fiat's global operating profit.
GM believes it can convince consumers to reconsider diesels, which currently represent about 3% of U.S. vehicle sales compared with about 50% in Europe. To do so, it will have to show gasoline-loving Americans that diesels are no longer noisy nor smelly.
The predatory gleam is back in Jaguar's eye. In recent years, Jag had begun to look more like an overstuffed tabby than one of the rulers of the jungle, but new drivetrains have put the big cat back on the prowl.
The major automakers contributed more than $800,000 in cash and supplies to assist with recovery efforts in the wake of the tornadoes that ravaged Moore, Oklahoma on Monday.
Last updated at: 5/24/2013 8:53:48 AM ET
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Last updated at: 5/24/2013 8:53:48 AM ET
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