In a pre-Christmas media event, Ford president and CEO Mark Fields said while 2014 was a good year for the company, 2015 has the potential to be a “breakthrough year”. Fields said that Ford’s investments in products, people, plants and technology, combined with industry growth, are not only delivering a year of growth in terms of revenue, pricing power, operating margins and profitability in 2014, but are setting the stage for growth in and beyond 2015.
Renault works on Citroen C4 Cactus rival
Renault is developing an affordable small car that could preview a future rival to the Citroen C4 Cactus.
Shanghai GM launches Chevrolet Sail 3
Shanghai GM launched the Chevrolet Sail 3 in Chengdu; the third-generation Sail had been unveiled last month at the Guangzhou Motor Show. Five variants of the new family car with a choice of new 1.3L and 1.5L engines are available.
Ghosn says ruble plunge a ‘bloodbath’ for automakers
The ruble’s plunge is creating a “bloodbath” for automakers in Russia, Renault-Nissan CEO Carlos Ghosn said.
Chrysler to recall about 257K Ram pickup trucks
Chrysler is recalling nearly 257,000 older Ram pickup trucks because the rear axle can seize or the drive shaft can fall off. The recall covers Ram 1500 pickups from the 2005 model year.
