General Motor's agreement with UAW has hit a snag as the specialized "skilled trades" workers voted against it. Once again GM and UAW leaders have hit the negotiating table to resolve matters.
The sales of passenger vehicles in China showed the rate of growth in seven months following the tax cut by the government aimed at increasing the low demand in the biggest auto market of the world.
Harley Davidson Lowers Motorcycle Shipment Numbers and is Trimming Jobs Following Lower than Expected 3Q ResultsSubmitted by Sukhbir Dhillon on Wed, 10/21/2015 - 10:37
Sales were down for new motorcycles from Harley-Davidson which dropped 1.4% globally in the Q3.
The profits in the quarter fell short of Wall Street's expectations. Reportedly, the company has once again reduced its new motorcycle shipments and is also planning to cut approximately 250 jobs all over the world.
General Motors says there will be cars available soon that can remotely locked, unlocked and be started. The automaker revealed that at present it is testing an application that allows owners of cars to lock or unlock their vehicles and even start them remotely.
Since January, for the first time, price of platinum dropped under $US900 per ounce 2009. The precious metal was mainly hurt due anxiety over the Volkswagen emissions scandal, fearing a drop in demand from automakers. However, the saving grace was the bargain-hunting investors, who later balanced the losses.
An initiative to make Nigeria's auto purchase easier and cheaper in the country is now waiting for an approval from the Central Bank of the country or CBN. Reportedly, the authorities of the Central Bank of Nigeria are working out the feasibility of the project.
The National Automotive Design and Development Council (NADDC) and Wesbank, which is the technical partner on the project, are eager and committed to the project. They are discussing the matter with the CBN for the approval that ought to get going the whole new process.
Volkswagen's troubles are far from ending. The scandal which hit the car maker in relation to falsified vehicle emission tests in the U.S. could affect eleven million cars globally said the company. It also said that, investigations related to its diesel models multiplied increasing fresh pressure on Martin Winterkorn, the CEO of VW.
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