GM Korea, union reach tentative wage deal to avert bankruptcy

GM's South Korean unit said that it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the automaker to prevent it filing for bankruptcy.


Magna delivers carbon fiber subframe prototype to Ford

Magna International Inc. has delivered a carbon fiber subframe prototype to Ford it says will reduce weight and tooling costs and hopes to rule on mass production by year end.

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No thanks, Ford says to 9-speed offered by GM

Ford has elected not to use GM's nine-speed transmission out of the box, opting instead for two new eight-speed transmissions on vehicles such as the Ford Edge, Ford Transit Connect and Lincoln Nautilus.

UPDATED: 4/20/18 9:21 am ET - adds details
GM Korea, union fail to reach wage deal

GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.

PSA fight to slash Opel factory costs intensifies

PSA's fight to cut production costs at Opel's German factories took on a national dimension with Chancellor Angela Merkel intervening to say she expected the French automaker to honor commitments it made when it bought Opel from GM last year.

Daimler may buy tiny stake in Volvo, report says

Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish automaker, a German business magazine reported, raising the possibility of increased ties between Mercedes and Volvo's Chinese owner, Geely.

UPDATED: 4/17/18 8:44 pm ET - adds details
Tesla shifts to 24/7 Model 3 output to hit weekly target

Tesla will begin around-the-clock production at its Fremont, Calif., assembly plant as it tries to ramp up Model 3 output to 6,000 a week by the end of June, according to an internal company email.


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