Tag Archives: auto news

Ford and GM to Develop 9- and 10-Speed Automatic Transmissions

Ford Motor Company and General Motors Corporation have signed an agreement whereby both companies will jointly develop an all-new generation of 9- and 10-speed automatic transmissions for cars, crossovers, SUVs and trucks. Continue reading

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Volvo Fined $1.5 Million for Not Reporting Safety Defects

Volvo – once known for its safety reputation – now has the dubious distinction of joining Toyota Motor and BMW Group in paying penalties for not reporting defects or violations of U.S. regulations. Volvo will pay the fines into the General Fund of the U.S. Treasury; they will not go toward enforcement of U.S. Safety regulations. Continue reading

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Automakers Protest EU Korean FTA Deal is One Sided

European automakers are protesting that EU-South Korea FTA one year later has resulted in massive increases for Korean exports of passenger cars, yet only relatively modest gains for the EU auto industry. The European Automobile Manufacturers Association (ACEA) took the opportunity of the first anniversary of the Korean FTA coming on 1 July to draw attention to what it called an “unbalanced situation.” Continue reading

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Mopar Debuts Third Factory Built Hot Rod off Chrysler 300

Still working its muscle car roots, the Mopar 300 has a 363 horsepower (hum the Charger was 370?) 5.7-liter Hemi V8 engine and a now dated five-speed automatic transmission. A change from a 3.06:1 to a 3.91:1 final-drive means zero-to-60 mph times in the low 5-second range, according to Chrysler, same as the Charger. Continue reading

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PBGC Says American Airlines Workers Should Worry About Pensions and Medical Care – So Should Taxpayers

The Pension Benefit Guaranty Corporation has called out what it says is misleading statements to American Airlines employees by its management about their pension plans under a bankruptcy reorganization. “American Airlines is telling their workers and retirees not to worry, … Continue reading

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