Linda Young – AHN News Writer
Berlin, Germany (AHN) – A planned merger between Porsche and Volkswagen has fallen apart. The announcement caused shares of Porsche to trade by 10.95 percent lower at the close of trading on Friday while Volkswagen shares fell by 0.8 percent. Volkswagen announced [...] Continue Reading…
Porsche merger with Volkswagon crashes
September 10th, 2011 
davidguide Saab Auto files for protection from creditors
September 8th, 2011 davidguide Vittorio Hernandez – AHN News
Stockholm, Sweden (AHN) – Swedish Automobile filed with the Vaenersborg District Court for bankruptcy protection on Tuesday in a bid to secure short-term stability while generating additional funding. Saab, which has been in vehicle manufacturing for 64 years, stopped production in the middle of [...] Continue Reading…
One billion cars traveling world’s streets
August 27th, 2011 davidguide Diane Alter – AHN News Trivia Writer
New York, NY, United States (AHN) – Patience is something you admire in the car behind you and scorn in the one ahead. A new report from Wards Auto claims there are more than 1 billion cars now traveling the world’s streets. [...] Continue Reading…
Goodyear introduces self-inflating tires
August 15th, 2011 davidguide Vittorio Hernandez – AHN News
Akron, OH, United States (AHN) – Goodyear Tire and Rubber Company launched on Thursday a self-inflating tire. The tires have a device to keep track of its inflation and add air when necessary. Under the company’s Air Maintenance Technology, tires would always remain inflated [...] Continue Reading…
Ford posts $2.4b Q2 net income
August 3rd, 2011 davidguide Linda Young – AHN News Writer
Dearborn, MI, United States (AHN) – American automotive company Ford made $2.4 billion in net income during the second quarter, but that was down from the $2.6 billion it earned during the same quarter a year ago. However, the company’s earnings still beat [...] Continue Reading…
Volkswagon sells record 4 million cars worldwide during first half of year
July 22nd, 2011 davidguide Linda Young – AHN News Writer
Wolfsburg, Germany (AHN) – Germany’s Volkswagen group announced record-high sales of more than 4 million vehicles during the first six months of the year. That represented a 14 percent increase from the same period a year earlier. Volkswagen experienced strong growth in [...] Continue Reading…
Washington targets average 56.2 miles per gallon for new American cars by 2025
July 10th, 2011 davidguide Vittorio Hernandez – AHN News
Washington, D.C., United States (AHN) – The U.S. federal government is proposing new regulations that would require American vehicle manufacturers to produce cars that would have an average 56.2 miles per gallon by 2025. That would mean fuel efficiency would go up almost 5 percent [...] Continue Reading…
Volkswagen postpones MAN supervisory board takeover
June 27th, 2011 davidguide Kris Alingod – AHN News Contributor
Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should [...] Continue Reading…
Honda forecasts 63.5 percent drop in profit
June 22nd, 2011 davidguide Vittorio Hernandez – AHN News
Tokyo, Japan (AHN) – Honda Motors forecast on Tuesday a 63.5 percent drop in its profit for fiscal year 2011. The third-largest carmaker in Japan projected a $2.4 billion (JPY 195 billion) group net profit. The company said the drop is because of a [...] Continue Reading…
FDA unveils new cigarette packaging labels
June 21st, 2011 davidguide The U.S. Department of Health and Human Services on Tuesday unveiled a series of graphic images and messages that will cover the top portion of every cigarette package in the United States starting in September.
Article © AHN – All Rights Reserved
View full post on [...] Continue Reading…
