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Toyota, Honda, Fiat Chrysler must do 'follow up' recalls of 2.12 million vehicles
WASHINGTON -- American Honda, Toyota Motor Sales U.S.A. and Fiat Chrysler will do "follow up" recalls of about 2.12 million vehicles with defective electronic control units that can cause airbags to inadvertently deploy, U.S. auto safety regulators said today . The recall affects about 1 million ...
Spyker wins appeal against bankruptcy
Dutch supercar maker Spyker won its appeal against being placed in bankruptcy by a court late last year. Spyker CEO Victor Muller said he now intends to push ahead with development of the company's B6 Venator, an entry-level luxury sports car, and to merge with a U.S. based manufacturer of high ...
GM ignition-switch victims accepting offers, Feinberg says
NEW YORK (Bloomberg) -- General Motors' compensation program for victims of ignition-switch accidents is meeting its goal of sidelining many potential lawsuits, according to the lawyer handling the payments. Attorney Kenneth Feinberg has so far offered settlement payments to 125 accident victims ,
Fiat Chrysler to abandon sub-$25,000 minivans
DETROIT -- Fiat Chrysler plans to abandon the bottom end of its minivan lineup next year as the redesigned 2017 Chrysler Town and Country replaces the existing model and the Dodge Grand Caravan. That means that Fiat Chrysler's sub-$25,000 minivan -- the Grand Caravan's American Value Package starts
Europe on track for 5th month of rising vehicle output
European light vehicle production is estimated to rise 1 percent to 1.36 million units in January, the fifth consecutive month of higher output in the region, according to data published by PwC Autofacts. BMW, Fiat, Ford and Volkswagen were forecast to have the biggest production increases on ...
Honda crash death exposes weaknesses in recall system
WASHINGTON -- The driver of a 2002 Honda Accord who died earlier this month in a crash involving a ruptured Takata airbag inflator hadn't been notified that his vehicle was recalled in June 2014 for the suspect inflators, a Honda spokesman said. The fatal Jan. 18 crash marked the sixth death linked
Denso to expand Tenn. plant, add 400 jobs
Denso Corp., the world's second-largest automotive supplier, is set to expand a plant and add about 400 employees in Athens, Tenn. The Japanese supplier affiliated with Toyota Motor Corp. plans to invest $85 million to expand production of gasoline direct-injection products at its Denso ...
One vehicle that deserved a Super Bowl ad
Back in January 2009, General Motors didn't have money for a Super Bowl commercial, or even Super Bowl tickets. It was this close to being carried out on a cart. But what if the company, subsisting then on a $13.4 billion emergency loan from the Bush administration, had somehow managed to scrape ...
Millennials will grow to 25% of U.S. market in 2015, TrueCar says
Millennials will become a serious force in the U.S. car market in 2015, TrueCar said in aandnbsp; report this week . The car-buying site estimates that the group will purchase 4.24 million vehicles to compose 25 percent of the new-vehicle market and generate $135 billion in revenue. That's up 31 ...
Ford's new F-150 and Transit face tough scrutiny from pundits, competitors
DETROIT -- Ford Motor Co. now has two risky new high-profile vehicles on sale -- the aluminum-bodied F-150 pickup and the new Euro-styled Transit cargo van -- so pundits and competitors naturally are looking for weaknesses. And they found a few this week. First, the crew over at Edmunds whacked the
North America production downtime overtime - 02/02/15
North America production downtime overtime - 02/02/15
Week ending Feb. 7
Toledo (Ohio) North truck
Toledo (Ohio) Supplier Park truck
Ford Motor Co.
Kentucky Truck (Louisville) truck
Louisville Assembly truck
Arlington, Texas truck
Nissan vehicles to use common visible parts
DETROIT -- Nissan Motor Corp.'s modular platform saves money by using common components. But owners rarely notice; most of the shared parts are unseen under the hood. Now Nissan is rolling the dice on a new plan to use common visible design features as well. Items such as steering wheels, side ...
Volvo and the 'sweet hereafter'
Excruciatingly long product lead times have always challenged automakers, who have to figure out what will sell four or five years hence. But they're tough on dealers, too, who face lengthy product droughts while hearing -- literally for years -- about the really sweet stuff that's on the way. Take
Chevy's Chance to Score? (1/30/15)
Stein: Super Bowl means a big opportunity - and stuff; boosting female representation in dealerships; Ford's currency gripe.
Honda cuts profit target as Takata airbag recalls bite
TOKYO (Reuters) -- Honda Motor Co. sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata Corp. Honda now expects an operating profit of 720 billion yen
Renault will increase dealer rebates in China as market demand slows
SHANGHAI (Bloomberg) -- Renault will give its China dealers more rebates as demand in the world's biggest auto market slows and the carmaker's local business prepares for a new production plant due to open there next year. Dongfeng Renault Automobile Co., the company's local joint venture, will ...
Mitsubishi concept teases next ASX, bolder design
LONDON -- Mitsubishi will use the Geneva auto show to reveal a plug-in hybrid concept that previews the next ASX compact crossover, due in 2016, and showcases the brand's bolder design language. "What you will see in Geneva is about 80 percent to 90 percent close to reality" for the next ASX, a ...
Bosch says automotive sales rose 9% in 2014
MUNICH -- Robert Bosch said revenue at its automotive division rose 9 percent to 33.3 billion euros ($37.7 billion) last year, boosted by growth in sales of car safety, fuel-saving and infotainment systems. The supplier also said it is looking at more acquisitions for units such as ...
Lear Q4 profits surge on North America growth
(Reuters) -- Seating and electronics supplier Lear Corp. reported a better-than-expected quarterly profit due to strong demand from North America.andnbsp; Net income attributable to the company rose to $261.8 million, or $3.24 per share, from $72.8 million, or 88 cents per share, a year earlier. ...
Audi could hit 2 million sales goal ahead of 2020
INGOLSTADT, Germany (Reuters) -- Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new SUVs, its CEO, Rupert Stadler, said. Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about
GM will suspend output at Russian plant
DETROIT (Reuters) -- General Motors Co. will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble. A GM Europe spokesman confirmed a report by the Russian daily ...
VW could beat 5 million euro savings goal, exec says
WOLFSBURG (Bloomberg) -- Volkswagen ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW's works council chief said. VW's product-development processes can become still more efficient ...
Recall Clips Honda Profit (1/30/15)
Forecast lowered amid Takata crisis, Toyota-BMW Mini?; how GM surprised Ally; FCA plans Bowl ads; Volvo's 'interception'.
Fiat Chrysler to air 3 Super Bowl ads
Fiat Chrysler says it will air three Super Bowl commercials during Sunday's game. The first ad is slated to air as the first commercial after the two-minute warning in the second quarter. The second and third commercials are scheduled to appear in the third quarter. BMW, Kia, Lexus, Mercedes-Benz,
Group 1 and Prestige settle Fla. buy-sell dispute
A dispute between Prestige Motor Car Imports and Group 1 Automotive Inc. over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said. "An amicable and mutually beneficial settlement agreement has been reached where the litigation over the purchase and