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Toyota FT-1 gets the souped-up 'Gran Turismo' treatment for video game
Toyota has joined the "Gran Turismo" parade of video game racers with a beefier version of its FT-1 concept. "The design brief of this car was very simple: Take the FT-1 concept car and turn it into the most kickass, badass, super racecar you can imagine," said Kevin Hunter, president of Toyota's
A Strike Against 'Two-Tier' (9/16/14)
Lear-UAW deal may foreshadow fate of pay plan; Report cites NHTSA's 'tragic' failure in GM case; Opel hits reset in Russia.
Certified used-vehicle sales, Aug.
Certified used-vehicle sales, Aug. CPO Sales
U.S. Certified-used vehicle sales, August
Aug. Aug. 8 mos. 8 mos. Aug. 2014 8 mos. 8 mos.
2014 2013 2014 2013 % change share % change share
Penske expands engines, power business in Australia, Pacific
Penske Automotive Group Inc. today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets. Penske will buy MTU Detroit Diesel Australia, which distributes engines and power systems to trucking, mining, ...
Strike shows restless UAW is going after two-tier wage system
Well, well. The word "strike" has returned to the UAW lexicon. The union struck on Saturday at a Lear Corp. plant in Hammond, Ind., that makes seats for Ford Motor Co.'s Chicago Assembly Plant. By Monday, the 760 Lear workers of UAW Local 2335 were back on the job . In hand was a tentative contract
GM adding 3rd shift to Chevy Colorado, GMC Canyon plant in Missouri
DETROIT -- General Motors will add a third production shift at its Wentzville, Mo., assembly plant, where its new midsize pickups and commercial vans are made. GM last week started production of the redesigned 2015 Chevrolet Colorado and GMC Canyon, after a two-year hiatus for the trucks. GM moved
ZF says TRW takeover creates supplier ready for self-driving age
ZF Friedrichshafen agreed to buy U.S.-based TRW Automotive for $13.5 billion including debt, creating a major global supplier ready for an age of self-driving cars. The all-cash transaction will create a player with combined annual sales of more than $40 billion, more than doubling ZF's sales in ...
House report, citing 'critical mistakes,' blasts NHTSA
WASHINGTON -- Federal auto safety regulators failed to detect General Motors' defective ignition switches despite having "ample information" about the problem as early as 2007, according to a House committee investigation into the GM recalls and the National Highway Traffic Safety Administration ...
Bosch benefits as new ZF-TRW combo enters driverless car fray
FRANKFURT (Bloomberg) -- Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position. Closely held Bosch will acquire ZF's 50 percent stake in a joint ...
Mahindra said to be in talks to buy PSA's scooter unit
MUMBAI (Bloomberg) -- Mahindra and Mahindra Ltd., India's largest maker of tractors and SUVs, is in advanced talks to buy PSA/Peugeot-Citroen's scooter business, according to three people familiar with the matter. An announcement may be made soon, two of the people said, declining to be identified
Bosch benefits from ZF's bid to buy TRW
FRANKFURT (Bloomberg) -- Robert Bosch is an unexpected beneficiary of ZF Friedrichshafen's plans to purchase TRW Automotive. Bosch, the world's largest auto parts supplier, on Monday said it planned to gain full control over the steering joint venture it co-founded with ZF in 1999. The JV makes ...
VW boosts German brands' market share in China
SHANGHAI (Reuters) -- Volkswagen Group's lead in China's compact-sedan market this year has helped a handful of German marques sell almost as many passenger cars as China's 25 local brands combined -- a trend industry watchers say can only lead to consolidation. Competitive pricing has made four ...
NHTSA chief says GM made 'incredibly poor decisions' on recalls
WASHINGTON (Reuters) -- The top U.S. auto safety regulator harshly criticized General Motors Co. for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls. In his most pointed
Toyota pauses on Mexico expansion to review growth strategy, report says
BEIJING/NAGOYA (Reuters) -- Toyota Motor Corp. is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter told Reuters. According to four ...
Hyundai plans to build 2 more factories in China, not 1, reports say
SEOUL/SHANGHAI (Reuters) -- Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today. The increase is to meet the request of China's central government, which wants Hyundai to build a plant in the northeastern Hebei province as
Marchionne says Fiat Chrysler will bypass Wall Street road show
DETROIT (Bloomberg) -- Fiat Chrysler CEO Sergio Marchionne said he doesn't plan to hold a road show for investors before listing shares of the combined car company in New York next month. Fiat's merger with its U.S. unit will create the world's seventh-largest automaker to better compete with ...
UAW deal with Lear would shed two-tier wages at Ind. plant
The agreement that ended a one-day strike at a Lear Corp. seat plant supplying Ford Motor Co. in Chicago would get rid of a wage structure that pays new-hires less than their veteran colleagues, a union official said. Lear and UAW Local 2335 representing 760 workers at the Hammond, Ind., plant ...
Cadillac's new chief vows no retreat on pricing strategy
DETROIT -- Cadillac has no plans to back off its sharply higher sticker prices or sweeten incentives to improve slumping U.S. sales, new brand chief Johan de Nysschen said today. De Nysschen, who arrived at General Motors Aug. 1 after a two-year stint at Infiniti and two decades building Audi into
2014 Eurostar winner Ralf Speth
The executives chosen as 2014 Automotive News Europe Eurostars rose above the rest by pushing their companies to new heights.andnbsp;Jaguar Land Rover CEO Ralf Speth is this year's winner for Brand CEO. For his full profile please click here . The 14 Eurostars, who were chosen by the editors of ...
Opel shakes up Russia operations
Opel will reorganize its Russian operations to respond to difficult market conditions amid the crisis over Ukraine, the General Motors subsidiary said today. Opel will reduce output at its St. Petersburg plant to one shift and operate the plant a total of 16 days during the three-month period ...
Ford will debut new S-Max at Paris show
LONDON -- Ford Motor will debut the new S-Max at the Paris auto show Oct. 2 ahead of the minivan's sales launch in Europe next summer. The S-Max will be the second model after the Mondeo to have an upscale version using the automaker's new Vignale label, which is priced above Ford of Europe's ...
GM Recall Death Toll Raised (9/15/14)
Fund administrator has approved 19 death claims so far; ZF buying TRW Auto; explaining cause of fatal wrecks not optional.
UAW strike at Lear plant in Indiana ends after 1 day
The UAW's strike at a Lear Corp. seating plant that supplies Ford Motor Co.'s assembly plant in Chicago was ended after one day. Lear plans to release details of a new agreement reached Sunday with the Hammond, Ind., workers after UAW Local 2335 members vote to ratify the contract next weekend, ...
Hyundai takes educational cross-country tour
Previous Weeks Top Videos of the Year Top Videos of All Time New this week to our auto brand viral video rankings is Hyundai's cross-country road trip in the 2015 Sonata. Billed as the 3,000-mile test drive, the five-part video series starts on the factory floor in Montgomery, AL, and goes west to
205,000 Ford Fiestas investigated for door-latching issue
DETROIT (Reuters) -- U.S. safety regulators have opened an investigation into an estimated 205,000 Ford Fiesta small cars after receiving consumer complaints that doors failed to properly latch or stay closed. The U.S. National Highway Traffic Safety Administration opened a preliminary evaluation