Falling dollar dents profits on imported cars The falling dollar is forcing automakers to scramble for ways to maintain profit margins on cars they import from Europe, Asia and Canada. Story GM car plants start to feel effects of strike at parts firm As auto supplier American Axle enters its second month with much of its union-represented workforce on strike, the impact is spreading beyond General Motors' truck plants and now beginning to affect GM's car production. Story Ford needs the cash from Jaguar, Land Rover sale While the $1.7 billion that Ford Motor will net on the sale of Jaguar and Land Rover to India's Tata Motors looks paltry compared with what it paid, every bit of cash it gains will help it weather the current economic downturn, industry watchers say. Story Many auto parts suppliers failed to widen base A few years ago, Plastech Engineered Products was considered one of the auto supply industry's success stories. In February, however, Plastech crumbled under the pressures facing the entire automotive supply chain, filing for bankruptcy-court protection and ending up in a nasty public dispute with Chrysler, one of its primary customers. Story Tata Motors to buy Jaguar, Land Rover for $2.3B In one of the most significant shifts of clout in the auto industry, Ford Motor will hand over the keys to its high-class Jaguar and Land Rover brands to an Indian conglomerate that wants to be a high-end player. Story Mercedes sees electric-car progress Lithium batteries, common in cellphones and laptop computers, are significantly more powerful for their size and weight than other types of batteries. But scaling up for auto use introduces new challenges. Story |
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