All Entries in the Category : Auto/Trans

Transportation including Railway, Small Vehicle, Small Engine, Automotive and Transportation

GM 2Q Profit Falls 85 Percent

DETROIT (AP) — General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.

: Auto/Trans

Caterpillar 2Q sales decline 3.2%

Caterpillar Inc., which makes construction and mining equipment, saw its second-quarter sales in 2014 dip to $14.2 billion, a 3.2 percent decrease compared with the same period last year.

: Auto/Trans

Component Suppliers Lag in Automotive Supply Chain

Electrical/electronic component suppliers ranked last among the six automotive segments – exterior, powertrain, interior, electrical, body and chassis – reviewed in PwC’s North American Automotive Supplier Supply Chain study.

: Auto/Trans, Trends

ZF can hike offer for TRW as high as $13 billion

(Bloomberg) — German auto supplier ZF Friedrichshafen AG, moving to acquire TRW Automotive Holdings Corp., has been told by lenders that financing is available for a higher all-cash bid which could value the U.S. company at as much as $13 billion, people with knowledge of the matter said.

: Auto/Trans

Fiat Denies VW Merger Talks

MILAN (AP) — Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions.

: Auto/Trans

From the archives: Elon Musk has some big ideas

Elon Musk wants to send humans to space. Here on Earth, though, he wants us to be able to drive very fast electric cars. You might as well have fun before you leave the planet.

: Auto/Trans, Mil/Aero

BMW expects to meet global sales target of over 2 million vehicles

INCHEON, South Korea (Reuters) — BMW expects to meet its target of selling more than 2 million vehicles globally this year.

: Auto/Trans, Data