McLaren Automotive turned a profit in 2013 – which was ahead of schedule – and plans to remain in the black while aggressively adding models and dealers over the next three years.
Beyond that the supercar maker’s “dream” is to achieve profit margins closer to those of rivals Ferrari or Porsche within five years, CEO Mike Flewitt told Automotive News Europe.
NHTSA has fined General Motors $35 million for delays in recalling small cars with faulty ignition switches that are linked to at least 13 deaths. (photo General Motors CEO Mary Barra)
Using a novel computational chemistry hybrid approach, scientists from IBM Research have successfully discovered a new class of polymer materials—the first new class of polymers discovered in more than 20 years—that could potentially transform manufacturing and fabrication in the fields of transportation, aerospace, and microelectronics.
Dongfeng Peugeot Citroen Automobile Co Ltd, a joint venture between PSA Peugeot Citroen and China’s Dongfeng Motor Group Co Ltd, will recall 162,913 cars due to defective valves that could potentially lead to fuel leaks, China’s quality watchdog said.
The closure of General Motors’ Opel factory in Bochum, Germany, is set to cost at least €550 million ($754.41 million), sources said.
