Auto Sector

Reportedly Johnson Controls Planning to Buy Tyco

Reportedly Johnson Controls Planning to Buy TycoSources say that Johnson Controls Inc., a manufacturer of car batteries and heating and ventilation equipment is planning to acquire Tyco International Plc, a electronic security system and fire protection company.

Eighteen American and Foreign Car Manufacturers Agree to Analyze and Share Safety Data

Eighteen American and Foreign Car Manufacturers Agree to Analyze and Share Safety DataIn 2014, when Mark Rosekind was sworn in as the aadministrator of the National Highway Traffic Safety Administration he promised to penalize the automakers for violating federal safety rules.

Since then, he has several automakers have paid record fines and has accepted increased levels of government supervision.

Ford Motor Co. Expects Record 2015 Pretax Profit

Ford Motor Co. Expects Record 2015 Pretax ProfitFord Motor Co. said that the company has earned a record pretax profit in 2015. The amount is close to $10.5 billion.

Lyft, Gets a Boost with General Motor’s $500 Million Investment

Lyft, Gets a Boost with General Motor’s $500 Million InvestmentLyft, Uber's smaller rival just got a helping hand that could make its competition with the San Francisco, California company easier. The help come in form of $500 million investment from General Motors

Reportedly, it is part of a $1 billion fundraising round which valued the car-hailing startup at $5.5 billion in comparison; Uber was recently valued at greater than $60 billion.

Drop in Gas Prices Below National Average of $2 is a Great Gift for Holiday Travellers

Drop in Gas Prices Below National Average of $2 is a Great Gift for Holiday TravellersAmerican Auto Association says this year is set to be one of the busiest holiday travel season ever and the credit could go straight to the drop in gas prices to record lows.

With the national average price of gas below $2 per gallon people are travelling more. The price is lowest since 2009.

United Auto Workers and General Motors Extend Contract till November 20

United Auto Workers and General Motors Extend Contract till November 20The United Auto Workers union agreed to extend its 2011 contract with General Motors Co. till November 20.

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