Fisker puts U.S. workforce on furlough this week
DETROIT (Reuters) - Fisker Automotive, which has not made a vehicle since July, placed its U.S. workforce on furlough this week as part of its effort to keep costs low...
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Rift over funding prompted resignation of Fisker founder : sources
DETROIT (Reuters) - The abrupt resignation of Fisker Automotive's founder Henrik Fisker was prompted by disagreements with the company's chief executive over funding and operational strategy, two people familiar with...
Ford cuts CEO’s pay as company falls short of targets
DEARBORN, Michigan (Reuters) - Ford Motor Co slashed the 2012 compensation of its chief executive officer by 29 percent, in part because the No. 2 U.S. automaker missed some key...
Fisker Automotive founder quits over “major disagreements”
DETROIT (Reuters) - The founder and executive chairman of Fisker Automotive Inc resigned from the cash-strapped "green car" startup on Wednesday, saying he was at odds with the automaker's top...
Fisker Automotive founder quits over “major disagreements”
DETROIT (Reuters) - The founder and executive chairman of Fisker Automotive Inc resigned from the cash-strapped "green car" startup on Wednesday, saying he was at odds with the automaker's top...
Toyota sees European profit as revamp bears fruit
GENEVA (Reuters) - Toyota Motor Corp will turn a profit in its European automotive business during the current fiscal year for the first time since 2007, a feat the company...
February auto sales up as consumers show “nerves of steel”
DETROIT (Reuters) - Auto sales rose nearly 4 percent in February, delivering a better-than-expected performance as strength in the housing market tempered worries over the wave of federal spending cuts...
Europe’s turnaround to take longer than U.S. rebound: Visteon CEO
DETROIT (Reuters) - The auto industry's turnaround efforts will take longer to gain traction in Europe than in the United States, where some companies were able to see the fruits...
Hyundai agrees to settle fuel economy cases; Kia weighs options
DETROIT (Reuters) - Hyundai Motor Co has agreed in principle to settle several lawsuits from U.S. consumers who said they were duped by the automaker's misleading fuel economy claims, according...
Union lawsuit calls Michigan right-to-work law unconstitutional
DETROIT (Reuters) - Several labor unions filed a lawsuit in federal court on Monday, saying a Michigan law banning compulsory union membership for private sector employees violates the U.S. Constitution....