Just as the assembly lines making them prepared for a five-week shutdown due to slack demand, General Motors Co's Chevrolet Volt and Ampera plug-in electric hybrid cars were named "European Car of the Year" at the Geneva auto show.
Ford awarded CEO Alan Mulally $58.3 million in stock as a reward for the automaker's turnaround. Ford paid the stock to its top executive as part of an incentive plan covering 2009, according to filings with the U.S. Securities and Exchange Commission.
Fiat is scouring Asia for a possible partner after the planned alliance between GM and Peugeot shrank the Italian automaker's pool of European candidates. Fiat and Chrysler CEO Sergio Marchionne says teaming with either Suzuki or Mazda makes sense.
Calling it proof of its intention to create a performance halo car for the brand, Infiniti showed audiences at the Geneva auto show today a midengine sports car built with a battery-powered electric motor and range-extending gasoline engine.
Honda's new diesel engine for the Civic will produce CO2 emissions of 95 grams per kilometer, the automaker's European boss said Tuesday at the auto show here. By comparison, the Toyota Prius gasoline-electric hybrid produces CO2 of 92g/km.
PSA said it will carry out a 1 billion euro ($1.32 billion) capital increase to fund its alliance with General Motors. GM will pay about 320 million euros for a 7 percent stake in PSA, making it the second-largest shareholder of the Paris-based company after the Peugeot family.
General Motors, missing sales goals for the Chevrolet Volt plug-in hybrid, plans to halt production of the sedan for five weeks beginning later this month rather than discount the high-technology cars.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video