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- Chrysler signs deal for Nissan to supply `Chrysler' car for South American sale
Nissan and Chrysler have reached a deal to have Nissan supply cars to Chrysler for sale in South America starting next year, the automakers said Friday. The model, based on the Nissan Versa sedan, will be supplied under what is called an OEM, or ``original equipment manufacture,'' agreement in the auto industry. That means Japanese automaker ... - Toyota hopes to return to the podium with new Formula One car
Toyota hopes its new Formula One car will allow the team to move near the front of the grid and to stay there for good. ``My hopes are always high because normally I am very positive,'' driver Jarno Trulli said at Thursday's presentation of the car. ``I think that the team has got the potential, ... - Magna owned parts plant in upstate N.Y. faces layoffs as UAW talks go on
New Process Gear, a transmission parts maker owned by Canadian-based Magna International Inc. (TSX:MG.A), plans to lay off about 1,650 workers at its suburban Syracuse plant, union officials say. More than 300 other employees were laid off Jan. 2 as the United Auto Workers continued negotiating a new contract with Magna. Before the layoffs, the plant ...
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