WASHINGTON -- Americans hit the brakes on travel in 2011, as travel on U.S. roads fell to its lowest level since 2003, government data shows.
Last year, U.S. drivers logged 35.7 billion fewer miles over 2010 -- down 1.2 percent -- to 2.963 trillion miles, the Federal Highway Administration reported.
PARIS -- Shares in French car maker PSA Peugeot Citroën soared Wednesday after it emerged the company is in talks with U.S. auto giant General Motors Co. about a possible alliance, as it grapples with weak sales and a raging price war in Europe in the small-vehicles segment, on which it relies for most of its business.
French labor minister Xavier Bertrand confirmed the talks on French radio. "The chairman of the group (Peugeot Citroën) informed me last night of these discussions over a strategic partnership," he said.
ZEELAND, Mich. -- Gentex Corp., the Zeeland, Mich. -based manufacturer of automatic-dimming rearview mirrors and camera-based lighting-assist and driver-assist systems for the automotive industry, commercial fire protection products and dimmable aircraft windows, today announced that Human Resources Vice President Bruce Los has been promoted to senior vice president.
Los has been with Gentex since 2004, leading the company's human resources group. In his new role, he has responsibility for facilities, the travel/flight department, and human resources -- groups that provide global infrastructure support for the company's employees.
STOCKHOLM -- The Board of Directors of Autoliv Inc. – the worldwide leader in automotive safety systems – raised the company’s quarterly dividend to stockholders by two cents to 47 cents per share for the second quarter 2012, an increase of 4.4 percent from the previous quarter.
The dividend declared today will be payable on Thursday, June 7, to Autoliv stockholders of record on the close of business on May 23. The ex-date, when the shares will trade without the right to the dividend, will be Monday, May 21.
MEMPHIS, Tenn. – Frank M. Norfleet, a true icon of the automotive aftermarket industry, passed away peacefully on Friday, Feb. 17 at the age of 93.
A lifelong Memphian, he was born on Nov. 27, 1918. He leaves his wife of 69 years, Jean Norfleet; three daughters and sons-in-law, Janet and Mike Sheahan, Jean and John Laughlin and Frances and Alex Thompson; seven grandchildren and nine great grandchildren. His half-brother, Dunbar Abston, Jr. (and Connie) also survive him. His father, Cecil Norfleet; his mother, Esther Cook Norfleet Abston; his stepfather Dunbar Abston, Sr.; and a brother, Everett Norfleet, predeceased him.