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Auto Net Financial News

Ford stock shares climb more than 4 percent

June 30, 2011 by AutoNet

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Due to expectations for Ford Motor Co. to gain more market share, stocks on June 30 climbed 4.1 percent, Reuters reported. Continue reading


Michigan facilities to make one-fifth of efficient car batteries

June 30, 2011 by AutoNet

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Lithium-ion battery production for new vehicles will have a home in Michigan, as a projected 20 percent of all items are to be created there by 2015, The Detroit News reported. Continue reading


Consumer Reports: Aim for more MPGs

June 30, 2011 by AutoNet

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A recent report by nonprofit organization Consumer Reports suggests that the rumored 56.2 miles per gallon fuel efficiency requirement for the year 2025 could theoretically be raised to over 60 miles per gallon. Continue reading


Hyundai gaining ground in U.S. auto scene

June 30, 2011 by AutoNet

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Over the past decade, Hyundai Motor Co. went from a company that was not highly respected in the U.S. auto market, to a force that now directly competes with Toyota and Honda, according to The Wall Street Journal. Continue reading


E15 gasoline approved to be sold at gas stations

June 30, 2011 by AutoNet

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Gasoline formulated with 15 percent of ethanol was recently approved to be sold as a vehicle fuel, but not every make or model is allowed to use it, according to the Detroit Free Press. Continue reading


More problems arise for Toyota

June 30, 2011 by AutoNet

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Toyota recently announced a recall of more than 82,000 sport utility vehicle hybrids because of a computer wiring issue, according the The Associated Press. Continue reading


Lahood’s tour congratulates GM recovery

June 30, 2011 by AutoNet

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U.S. Department of Transportation Secretary Ray LaHood recently visited two General Motors plants in Michigan to mark the recovery and job market contributions the automaker has made over the past couple years, according to the Detroit Free Press. Continue reading


More vehicles sold without spare tires

June 29, 2011 by AutoNet

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A new trend from automakers to increase fuel efficiency may make life difficult for consumers, as many vehicles are now without spare tires, according to the Los Angeles Times. Continue reading


Auto sales climb during June

June 29, 2011 by AutoNet

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A recent report by Edmunds.com showed auto sales for the month of June increased more than 11 percent on a year-over-year basis. Continue reading


Nissan hatches growth plan

June 29, 2011 by AutoNet

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A recent announcement by Nissan’s chief executive officer, Carlos Ghosn, revealed a new six-year plan for the Japanese automaker, which includes increasing its global influence substantially. Continue reading


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