Mike Palese News
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A startup automaker financed by the U.S. government won a regulatory decision that Chrysler Group LLC said will give its competitor a monopoly on selling wheelchair-accessible minivans to transit agencies.
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Opponents of a U.S. ban on deepwater drilling asked a federal appeals court to block a bid by regulators to throw out a judge’s ruling that scrapped the moratorium.
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Ricardo Plc , a service provider to auto companies, is turning to billboards to find engineers as the industry, battered by last year’s bankruptcies of General Motors Corp. and Chrysler LLC, regains sales and production.
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Chrysler Group LLC, the U.S. automaker operated by Fiat SpA , reported a $199 million fourth- quarter net loss that was its largest of the year as the company shipped fewer vehicles while introducing new models.
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U.S. auto retailers may post the highest sales in almost two years after General Motors Co. and Chrysler Group LLC closed thousands of smaller dealerships.
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General Motors Co. , the maker of the Chevrolet Volt gasoline-electric car, will hire 1,000 engineers in Michigan to help expand the automakers’ lineup of electric- drive vehicles.
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