Ford's new police car can endure a rear-end crash at 75 m.p.h., easily jump curbs and accelerate twice as fast as Ford's outgoing iconic Crown Victoria Police Interceptor.
General Motors and the UAW last year reached a framework for the concept of a lower wage and leaner operating structure for advanced-technology factory jobs.
Korean battery maker LG Chem and its U.S. subsidiary Compact Power on Friday confirmed their plans to build a $303-million plant to make lithium-ion battery cells for electric vehicles, including the Chevrolet Volt. The plant, which is to break ground this summer, is to be running in 2012. By 2013, LG Chem expects to have hired 400 people for the plant.
Toyota was sued by the prosecutor of Orange County in California, who said he's seeking a court order to stop the sale of vehicles with dangerous defects.
LONDON -- Britain will give a $410-million loan guarantee to General Motors to help keep its Vauxhall operations going in the country, a government official said Friday. That is well short of the $2.8 billion GM is seeking from European governments to help restructure Vauxhall and its other European unit, Germany-based Opel.
Ford introduced its all-new Police Interceptor today in Las Vegas and said it is developing a new sport utility-based police vehicle.
SANTA ANA, Calif. — Orange County prosecutors say they'll file a lawsuit against Toyota because of continuing problems with their vehicles.
The new Police Interceptor will be shown to a group of law enforcement officials today in Las Vegas.
Bob Lutz is not an adviser. He's 78, tired of the 4:30 a.m. alarm clock and in a role at General Motors as vice chairman in which he's not running anything. "My work is done here," he said in an interview with the Free Press after announcing plans last week to retire May 1.
The congressional panel overseeing federal bailout recipients estimates GMAC will never repay at least $6.3 billion of $17.2 billion in taxpayer aid and called on the Treasury Department to demand GMAC take drastic steps -- including a possible bankruptcy for its troubled ResCap mortgage lending business.