Bill Koenig News
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Navistar International Corp. said it sold its recreational vehicle business to Allied Specialty Vehicles Inc. No terms were disclosed.
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Hertz Global Holdings Inc., the largest publicly traded U.S. auto-rental chain, said it will move its headquarters to Florida from New Jersey following its acquisition of Dollar Thrifty Automotive Group.
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American Axle & Manufacturing Holdings Inc. rose the most in 17 months after the maker of axles and crankshafts reported first-quarter earnings that exceeded analysts’ estimates.
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Chrysler Group LLC, the automaker majority owned by Fiat SpA, said its March production slipped 5.6 percent from a year earlier to 208,043 cars and light trucks.
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Navistar International Corp. named Jack Allen its No. 2 executive as the truckmaker continues to revamp its management.
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Fisker Automotive Inc.’s mass firings after receiving federal loans to build luxury plug-in cars is adding to the political debate over the U.S. government’s funding of clean-energy programs.
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The Canadian Auto Workers union said it’s starting early contract negotiations today with General Motors Co.’s CAMI assembly plant.
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General Motors Co. and Ford Motor Co., which share a six-speed transmission, are designing nine- and 10-speed automatic versions that are more fuel-efficient for cars, trucks and sport-utility vehicles.
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General Motors Co. Chief Executive Officer Dan Akerson said the company is making backup arrangements for its operations in South Korea as tensions with North Korea heighten.
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Elon Musk, the billionaire who leads Tesla Motors Inc., called an e-mail sent by his sales staff last month “overzealous” and said the wording wasn’t approved by the electric-car maker.
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