Showing results 1 - 25 of 21607
Honda ran tests on fatal airbag flaw, frustrated by Takata reticence, report says
TOKYO (Reuters) -- Honda Motor Co. was so concerned by mounting recalls for Takata airbags -- and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel -- that it bought used and scrapped cars in Japan to conduct its own tests. Around 21 million
Visteon to sell Halla Climate unit stake for $3.6 billion
DETROIT (Bloomberg) -- Visteon Corp. has agreed to sell a majority stake in Halla Visteon Climate Control Corp. to South Korea's Hankook Tire Co. and its investment partner for $3.6 billion, to focus on connected-vehicle solutions and cockpit electronics. Visteon is selling its 70 percent interest
Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs
DETROIT -- Brose North America Inc. plans to invest $97.6 million to expand at three locations around Detroit.andnbsp; Brose, the North America subsidiary of German supplier Brose International GmbH, plans to add 388 skilled operator and technician positions to support new lines at its Michigan ...
A picture perfect way to sell GAP
To pitch guaranteed asset protection, use a visual to illustrate unexpected events, suggests Chris Shields, business manager for Mountain Valley Motors (Chrysler-Jeep-Dodge-Ram) in Blue Ridge, Ga. GAP pays the shortfall if insurance proceeds on a stolen or totaled vehicle aren't enough to pay the
PSA may move Paris headquarters, report says
PARIS (Bloomberg) -- PSA/Peugeot-Citroen is considering shifting its headquarters away from a prestigious location near the Arc de Triomphe in Paris after 50 years as a cost-cutting push impacts executive ranks, people familiar with the matter said. Most of the staff currently working at the site
Asian carmakers' Russia ambitions hit by ruble collapse
SEOUL/SHANGHAI (Reuters) -- Asian carmakers, which bet big on expanding in Russia, face a test of their commitment to a market they once hoped was set to surpass Germany's by size as the ruble plunges and auto sales skid. Manufacturers including Japan's Nissan Motor, China's Great Wall Motor and ...
Bosch's automotive head quits to become CEO of Mahle
FRANKFURT --The head of Robert Bosch's automotive division, Wolf-Henning Scheider, has quit the world's top-ranked supplier to head smaller German rival Mahle, a maker of engine components. Scheider, 52, who joined Bosch in 1987, was given overall responsibility for Bosch's automotive group in July
Toyota-PSA Czech joint venture plant cuts 2015 production target
PRAGUE (Reuters) - Czech car factory TPCA, a joint venture of Toyota and PSA/Peugeot-Citroen, cut its 2015 production outlook by 10 percent to 220,000 vehicles. Output this year will rise to 200,000 units, a 10 percent increase over 2013, TPCA spokesman Radek Knava said on Wednesday. "The car ...
Acura to unwrap NSX at Detroit auto show
Acura will reveal a production version of its NSX supercar at the North American International Auto Show in Detroit next month. The luxury brand's long-awaited halo car, based on the original NSX that was discontinued in 2005, will reach U.S. showrooms in late 2015, Acura said today. Acura is ...
Acura boss sees rise in leasing in 2015
DETROIT -- Acura should see a "steady lift," rather than a big jump, in leases as a portion of its U.S. sales volume in 2015, Mike Accavitti, Acura division general manager, said Tuesday. Currently, leases account for less than 40 percent of Acura's volume, below the luxury segment's average, ...
Ally, Wells Fargo prefer profit over volume
Ally Financial and Wells Fargo Dealer Services, two of the nation's largest auto lenders, say growing competition has them ready to sacrifice market share to protect profits. Both companies lead segments of the market, according to Experian Automotive. Ally Financial was No. 1 in combined U.S. new-
VW will oust head product strategist, report says
BERLIN (Reuters) - Volkswagen will oust its head product strategist,andnbsp;Klaus-Gerhard Wolpert, sources said, as the German carmaker is pushing efforts to raise profitability at its core brand dented by high fixed costs and falling sales. Wolpert, who oversees strategy affecting more than 100 ...
GM customers demand payment for 'callous cover-up' of defect
NEW YORK (Bloomberg) -- Owners of General Motors cars with faulty ignition switches turned to the only judge who can help them, saying it's wrong to shield the automaker behind bankruptcy law. In their first formal demand to U.S. Bankruptcy Judge Robert Gerber, customers said GM left defective cars
NHTSA Prepares for Fight (12/17/14)
Chief confirmed as agency takes on Takata; Mercedes USA heading south?; Volvo stores to get more personal, more Swedish.
Forecasters see bigger loans, only modest uptick in delinquencies
Favorable trends for auto lending should continue into 2015, including bigger average loans and leases and only small increases in delinquencies, analysts for credit bureaus TransUnion and Equifax said. In separate comments, the companies also said that an improving economy and rising employment ...
Incoming AIADA head vows to speak out on CFPB
Bradley Hoffman, incoming chairman of the American International Automobile Dealers Association, says he plans to speak out about the Consumer Financial Protection Bureau's controversial positions on automotive lending. "The entire CFPB situation is on my agenda," Hoffman, 55, told Automotive News
Mercedes-Benz USA mulls move south, reports say
Mercedes-Benz, after more than 40 years in New Jersey, is considering moving its U.S. headquarters south to Georgia or North Carolina, according to media reports. The Atlanta Business Chronicle first reported the possibility of the move Tuesday. A relocation would mark the end of the company's ...
Alfa Romeo readies high-performance engines
TURIN andndash; Alfa Romeo plans to introduce new high-performance engines, including a range-topping V-6, in a bid to reconnect the brand to its sporty heritage. The first of the engines -- two gasoline units and a diesel -- will debut in Alfa's new midsize sedan that will be unveiled in June, ...
Online FandI product sales a 'struggle'
Driver's Village has readily embraced offering credit approvals on its e-commerce site, dvoffers.com , but it has yet to sell extended service contracts and other FandI products online. Dealership staffers must either present FandI products to customers when they take delivery of their car or ...
After decades of store confinement, the FandI office is inching digital
Editor's note:andnbsp;An earlier version of this story, which also appeared on Page 19 of the Dec. 8 issue, misspelled the last name of Terry O'Loughlin, director of compliance for the documents unit of dealer software company, Reynolds and Reynolds. Lou Bregou, a director of operations at Driver's
Rosekind confirmed by Senate for top NHTSA post
WASHINGTON -- Mark Rosekind's nomination to head the National Highway Traffic Safety Administration was confirmed late Tuesday by the U.S. Senate, filling a lengthy vacancy atop the nation's auto safety regulator. Rosekind's confirmation comes a year after former NHTSA administrator David
Mercedes pushes S-class plug-in's zip
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers that going green doesn't mean slowing down or paying more. Mercedes' message emphasizes that the S 500 Plug-In Hybrid sprints from 0-100kph in 5.2 seconds while costing the same -- 108,945 euros in ...
Takata hires PR firm Sard Verbinnen amid airbag recall crisis
DETROIT (Reuters) -- Takata Corp. said it has hired public relations firm Sard Verbinnen and Co, as the company contends with the fallout from its recall crisis for potentially defective airbag inflators that can spray vehicle occupants with metal shrapnel. The Japanese company said in a statement
Estimated Europe registrations by make, Nov. and YTD
Estimated Europe registrations by make, Nov. and YTD by Make
Estimated Europe registrations by make, Nov. & YTD
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In-store kiosks put FandI right in front of customers
Michael Fastman believes in the power of putting finance and insurance products at customers' fingertips. So he is buying kiosks for BMW of Silver Spring, in Silver Spring, Md., where he is general manager, and BMW of Catonsville, in Baltimore, where he is in charge of operations. The kiosks will