DETROIT (Reuters) – Volkswagen AG and the United Auto Workers said they are in talks about the U.S. union’s bid to represent workers at the German carmaker’s Tennessee plant, which would be a milestone in the UAW’s long-running effort to organize foreign-owned auto plants.
Volkswagen officials, in a letter distributed to workers at the Chattanooga, Tennessee plant on Thursday night and Friday morning shifts, said worker representation at the plant can only be realized by joining with a U.S. trade union.
DETROIT (Reuters) – U.S. auto sales were on a pace to show a gain as high as 17 percent in August as the industry raced toward its strongest month since just before the start of the 2007-2009 recession.
Last month’s sales will top 16 million vehicles on a seasonally adjusted annualized basis, several automakers said, which would be the first time U.S. sales topped that level since November 2007.
DETROIT (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), which introduced most consumers to hybrid technologies with its Prius more than 15 years ago, said on Wednesday that the next generation of that popular series will offer improved fuel economy due to smaller, lighter critical parts that cost less.
The next Prius, which is expected in 2015, will include improved batteries and smaller, more powerful electric motors, and will be built on the company’s new global vehicle architecture, Toyota managing officer Satoshi Ogiso said at a company hybrid vehicle event outside Detroit.
DETROIT, Aug 28 (Reuters) – Toyota Motor Corp needs
to add production capacity and sell more types of cars to boost
its market share in Brazil and Mexico, Latin America’s two
largest economies, the American board member for the No. 1
Japanese automaker said on Wednesday.
“The real solution to Toyota’s growth in Latin America and
Brazil would be more product and eventually more production
capacity,” Mark Hogan told reporters at a company event outside
Detroit. “The market for Toyota vehicles in Brazil is only
limited by the company’s capacity to be able to export or build
them there efficiently.”