Lear suspends dividend, restructures Europe unit March 29, 2006
CHICAGO (Reuters) — Auto parts maker Lear Corp. said Wednesday it will suspend its quarterly cash dividend and borrow $800 million as it tries to weather difficult conditions in the sector. Read more
DaimlerChrysler having Smart rethink March 28, 2006
US-German automaker DaimlerChrylser is dropping its four passenger Smart car in order to focus its attentions on the two-seater version. Read more
Honda expands R&D capabilities in North America
Honda Motor Company has begun the construction of a new $15 million Acura Design Center in Torrance, California. Read more
G.M.’s Jobs Bank Looms as Major Obstacle on Road to Survival
G.M.’s Jobs Bank pays idled workers a full salary and benefits even when there is no work for them to do. Read more
Harley-Davidson makes push into China March 27, 2006
Motorcycle maker Harley-Davidson is gearing up to open its first dealership in China since the Second World War. Read more
Technology: Remaking Diesel’s Image a Lap at a Time
Traditional diesel vices have been tamed by new technologies, and the latest Eurodiesels offer performance similar to that of gasoline-powered sport sedans. Read more
Behind the Wheel: 2006 Volkswagen Passat: Disengaged Drivers Wanted March 26, 2006
Compared with the last-generation car, the change in the new Passat is remarkable. But its success will depend on whether consumers accept the fact that it is now much less of a driver’s car. Read more
G.M. Sells Big Stake in Loan Unit March 24, 2006
The sale is separate from G.M.’s efforts to sell a controlling interest in all of G.M.A.C., a move that is expected to raise another $11 billion. Read more
Alcoa introduces new truck products
Alcoa, the producer and manager of primary aluminum, fabricated aluminum and alumina facilities, has announced the development of four new products for the commercial transportation industry. Read more
Up to 17,000 Delphi workers retirement-eligible March 23, 2006
CHICAGO (Reuters) — Beleaguered auto parts supplier Delphi Corp. expects about 17,000 U.S. blue-collar workers, half of its U.S. total, to be eligible for retirement programs from its various unions, it said in court papers. Read more
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