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The Chrysler Group is hoping to invest $266 million to boost production of its 8-speed transmissions in Kokomo, Ind., and has gained a tentative approval from the town's council for a 10-year property tax abatement on new equipment.
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The new Mercedes-Benz Research & Development Center in Beijing will employ around 500 engineers and designers.
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Daimler will produce the next generation of its Mercedes-Benz Sprinter full-size van in the U.S., a move that will improve order-to-delivery times for the vehicle, Daimler has announced.
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Volvo has added a third shift and 1,300 jobs at its plant in the Torslanda neighborhood of Gothenburg, Sweden to meet demand for its redesigned 2015 XC90 luxury mid-size SUV, the automaker has announced.
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Ford Motor Co. has added 850 jobs to its Ford Rouge Center in Dearborn, Mich., to build the 2015 F-150 pickup truck, the company has announced.
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Renault inaugurated a new production line for its redesigned Trafic cargo van, and announced it will build a version of it for Fiat on the line starting in the second quarter of 2016.
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Ram Truck will increase production of its Ram 1500 EcoDiesel pickup truck to 20 percent of all all half-ton pickups produced starting in November, the Chrysler Group unit announced.
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Ford has added a second shift at its Kansas City Assembly Plant to meet the demand for its 2015 Transit full-size van, Ford has announced.
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Chrysler is expanding the capabilities of its Warren, Mich., plant to produce 28,565 additional Ram 1500 pickup trucks each year, the company has announced.
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Tesla’s shares took a hit after an analyst from Goldman Sachs pointed out the electric vehicle company needs $6 billion worth of capital for growth over the course of the next 11 years.
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