Hertz And Carl Icahn Execute Definitive Agreement
Sep 16, 2014
Hertz Global Holdings Inc. ("Hertz" or "the Company") today announced that it has entered into a definitive agreement with Carl C. Icahn and affiliated entities under which Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi have been appointed to the Hertz Board of Directors as Class II, Class I and Class I ... Continue reading
Sep 16, 2014
Fordâs European market share in August rose to 7.8 percent, up 0.8 percentage points versus a year ago; Fordâs year-to-date market share is 7.9 percent, up 0.1 percentage point Ford retail sales in Europe rose 35 percent compared with a year ago; retail share rose 2 percentage points to 8.5 per cent, the high ... Continue reading
LightStream Named Exclusive Online Lender For Kelley Blue Book
Sep 15, 2014
LightStream, a national online consumer lending division of SunTrust Bank , is the exclusive online lender for KBB.com, announces Kelley Blue Book (www.kbb.com), the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. The LightStream AnythingLoan provides ... Continue reading
TRW To Be Acquired By ZF Friedrichshafen for $105.60 Per Share in Cash
Sep 15, 2014
Acquisition Price Represents 16% Premium to TRW's Undisturbed Price and 15% Premium to Undisturbed All-Time High Price -- 7.6x Adjusted EBITDA Multiple Offers Attractive Value for TRW Stockholders -- TRW to Become a Separate Business Division within ZF LIVONIA, Mich., Sept. 15, 2014 -- TRW Automotive Holdings Corp. tod ... Continue reading
Barra: India Auto Market Creates Opportunity for Chevrolet
Sep 12, 2014
General Motors CEO Mary Barra concluded a three-day fact-finding visit to India on Thursday, where she met with Indian Prime Minister Narendra Modi and key stakeholders throughout the country. âIndia represents a great opportunity for Chevrolet,â Barra said. âWith a relatively small vehicle population an ... Continue reading
2015 Kia Soul EV Pricing Announced
Sep 12, 2014
Starting MSRP of $33,700(1) (not including federal tax rebate of $7,500) with an expected introductory lease price(2) of $249 per month makes all-new Soul EV a compelling offer for eco-conscious buyers - The 2015 Soul EV is Kia's first mass-market, all-electric, zero-emissions car and the centerpiece of the brand's Cle ... Continue reading
Sep 12, 2014
ZAP (ZAAP), an Electric Vehicle (EV) automotive company incorporated in California Bay Area, and its subsidiary Jonway Auto sold over 2000 Electric Vehicles since June 2014 when EV mass production started at its electric vehicle type-approved certified factory. The Companies' strategy is to continue to build its EV pro ... Continue reading
Ferrari Reports a Record First
Sep 12, 2014
Revenues: 1,348.6 million euro (+14.5%) Trading profit: 185 million euro (+5.2%) Net profits: 127.6 million euro (+9.8%) Record net industrial financial position: 1,594 million euro â an unprecedented result Homologated cars delivered: 3,631 (- 3.6%) but 2014 will close with deliveries +5% USA remains largest mark ... Continue reading
RV Industry is Healthy and Growing Despite Early 2014 Headwinds, Says GE Capital
Sep 11, 2014
The recreational vehicle (RV) industry continues to experience strong and steady growth, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a major provider of financing to the industry. Early headwinds this year including the unusually cold weather that impacted manufacturing and tra ... Continue reading
Grand Opening of New Cellulosic Ethanol Plant
Sep 11, 2014
the historic grand opening of their state-of-the-art cellulosic bolt-on facility. The Adding Cellulosic Ethanol (ACE) project, newly re-named âCellerate,â allows QCCP to produce 2 million gallons of cellulosic ethanol each year from corn kernel fiber at their plant in Galva, Iowa. âToday marks a historic ... Continue reading
Detroit Has Most Expensive Car Insurance, Charlotte Has Cheapest
Sep 11, 2014
Detroit has the most expensive car insurance and Charlotte has the cheapest, according to a new insuranceQuotes.com examination of average premiums in the 25 largest U.S. metropolitan areas. In the Detroit metro area, drivers pay a whopping 165% more than the national average for car insurance. The next most expensive ... Continue reading
Reducing Gasoline Dependence - Nah! EIA: 2014 Gasoline Use Rises 2 BILLION GALLONS In Past 10 Months
Sep 10, 2014
Gasoline Use Rises 2 BILLION GALLONS In Past 10 Months, U.S ignores realistic alternative ... Continue reading
Subaru Revises 2014 Sales Forecast To 500,000 Vehicles
Sep 10, 2014
Brand predicted to exceed half a million U.S. sales for the first time by year end - 2014 sales expected to beat 2013 prior record year by more than 17 percent - Sales driven by strong performance across all model lines CHERRY HILL, N.J., Sept. 10, 2014 -- Subaru of America, Inc. today revised its 2014 full-year sales ... Continue reading
Sep 10, 2014
The Volkswagen Passenger Cars brand delivered 4.03 (January-August 2013: 3.90) million vehicles in the first eight months of this year; this represent an increase of 3.4 per cent. Volkswagen Passenger Cars handed over 471,000 (August 2013: 470,500; +0.1 per cent) vehicles to customers in August. âWe are still feel ... Continue reading
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