Showing results 1 - 25 of 26803
Horn: Was Unaware of 'Defeat Devices' (10/8/15)
VW scandal: Horn denies knowing of 'defeat devices,' Mexico workers on edge, HQ raided; FCA to hike Tier-2 pay?; Trio of Toyota concepts; Tiny robot, big debut.
New FCA-UAW contract deal would raise Tier 2 pay to $29 an hour, report says
DETROIT (Bloomberg) -- Fiat Chrysler Automobiles is offering so-called second-tier United Auto Workers members as much as $29 an hour -- up from $25 previously proposed -- under a new tentative agreement which avoided a strike by 40,000 union members, two people familiar with the matter told ...
U.S. car and light-truck inventories, on Oct. 1
U.S. car and light-truck inventories, on Oct. 1 Inventory
U.S. Car and light-truck inventories, on Oct. 1
Inventory 1-Oct 1-Sep
Units 2015 2015
BMW div. car (I) 30,000 39 41
BMW div. trk. (D/I) 8,000 28 29
Total BMW div. (D/I) 38,000 36 37
Canada light-vehicle sales by nameplate, Sept. and YTD
Canada light-vehicle sales by nameplate, Sept. and YTD Sheet1
Canada Car and Light-Truck Sales, SEPT. & YTD
Sept. 9 mos.
Sept. Sept. percent 9 mos. 9 mos. percent
2015 2014 change 2015 2014 change
1 series (I) 0.0 0.0 0.0 3 2 50.0%
2 series (I) 143 101 41.6% 1,186 567 109.2%
Canada light-vehicle sales by make, Sept. and YTD
Canada light-vehicle sales by make, Sept. and YTD Sept. 2015
Canada sales by make, SEPT. 2015
(ranked by total
Ferrari pushing for $12.4 billion valuation in stock offering, report says
MILAN (Bloomberg) -- Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros ($12.4 billion), people familiar with the matter told Bloomberg. Based on talks with possible investors, Ferrari could be ...
3 Nishikawa Rubber execs indicted by U.S. for price-fixing
WASHINGTON (Reuters) -- Two former executives of Nishikawa Rubber Co. and one current executive from the company were indicted on Thursday for allegedly conspiring to fix the prices of weather-stripping and rubber seals for cars made in the United States. The U.S. Justice Department identified the
Older VW diesels will need software and hardware fixes, Horn tells lawmakers
WASHINGTON -- A software fix won't be enough to bring most of Volkswagen's 482,000 vehicles that violate diesel emissions rules into compliance with U.S. clean air laws, Volkswagen Group of America CEO Michael Horn testified in a congressional hearing today. Horn told lawmakers on a U.S. House ...
Audi's global sales rise 7% despite diesel-emissions scandal
MUNICH (Bloomberg) -- Audi's global sales rose nearly 7 percent in September despite the diesel emissions-rigging scandal that has affected the brand's A3 compact hatchback and Q5 midsize SUV. Deliveries at the Volkswagen Group unit were up 6.8 percent to 170,900 cars last month, lifted by demand
Volkswagen offices raided by German prosecutors
BERLIN (Reuters) -- German prosecutors raided Volkswagen's headquarters and other offices today as part of their investigation into the carmaker's rigging of diesel emissions tests. Prosecutors from Brunswick, close to the German company's home town of Wolfsburg, said they were targeting documents
Aston Martin to cut jobs as part of turnaround
LONDON (Reuters) -- Aston Martin is planning job cuts as part of a restructuring that will involve the company expanding into electric vehicles and crossovers. "There will be a net reduction in the overall workforce at the company," said a spokesman on Thursday, adding that the cuts would be ...
Mitsubishi's EV crossover concept shows off new design language
TOKYO -- Mitsubishi Motors Corp. will roll out an all-electric compact crossover concept at the Tokyo Motor Show that showcases its new design language and automated driving ambitions. The eX Concept embodies Mitsubishi's rugged new Dynamic Shield styling while packing in technologies, such as ...
Next step for UAW, FCA (10/8/15)
Strike averted, UAW plans vote on new FCA deal; '16 VW diesels delayed; U.S. CEO previews testimony; GM's new family spiff; Mitsu EV concept; Chevy Traverse's world of comedy; Neiman-Marcus Mustang.
Suppliers shouldn't pay for VW diesel scandal, executive says
FRANKFURT (Reuters) -- Volkswagen should not try to make up for the costs of its emissions scandal by putting pressure on suppliers to lower their prices, the head of a German engine parts maker ElringKlinger andnbsp;said today. The company supplies various components including gaskets, battery and
Audi picks ex-China boss to replace de Meo as sales chief
FRANKFURT -- Audi has picked its former China boss, Dietmar Voggenreiter, as its new sales and marketing chief to succeed Luca de Meo. The move, which takes effect Nov. 1, rewards Voggenreiter for his contribution in making China the brand's single-largest market. During Voggenreiter's nearly nine
Merkel sides with auto industry in bid to protect jobs
STRASBOURG, France -- German Chancellor Angela Merkel says she believes Volkswagen is doing its best to clear up its diesel emissions scandal and urged a member of the green lobby not to condemn the broader auto industry, warning this could put thousands of jobs at risk. Addressing the European ...
GM to recall 31,685 SUVs in North America
(Reuters) -- General Motors said it would recall 31,685 SUVs in North America to repair a manufacturing defect in the windshield wiper motor that may overheat. GM, in an Oct. 2 filing , told the U.S. vehicle safety regulator National Highway Traffic Safety Administration it will recall certain ...
Why trouble for VW made in Germany means Mexico headache
MEXICO CITY (Bloomberg) -- As Germany warns of a disaster for domestic employees of Volkswagen AG, fallout from the company's emissions-cheating scandal threatens to reach Mexico operations -- its largest producer of cars for the U.S. VW has already cut Saturday shifts at its Puebla factory, the ...
VW's U.S. recall could be thwarted by reluctant diesel owners
SAN FRANCISCO (Reuters) -- As Volkswagen prepares to explain how it might fix the polluting diesel cars that set off the biggest scandal in the German automaker's history, whatever solution it proposes could be undermined by some owners in the United States who won't bring their cars in for a ...
Fiat Chrysler workers skeptical of new UAW deal's impact on wages
KOKOMO, Ind. (Reuters) -- Workers outside the gates of a Fiat Chrysler plant here greeted news early today of a new tentative agreement between the automaker and the UAW skeptically, giving an indication of the challenges the union may face in getting the deal ratified by members. Last week, 65 ...
France moves to end diesel tax breaks amid emissions scandal
PARIS (Bloomberg) -- France plans to end tax breaks for diesel, ending the special status long enjoyed by the fuel in the wake of Volkswagen Group's emissions scandal. "It's obvious today that there's an inconsistency between the advantages given to diesel and its drawbacks in terms of pollution,"
Maserati trims production as Ghibli boom fades
MILAN (Bloomberg) -- Fiat Chrysler Automobiles is cutting production of Maserati vehicles as a boom that was fueled by the more affordable Ghibli sedan fades. In the first week of November, Maserati's Grugliasco factory in northern Italy will halt production of models such as the $70,600 Ghibli and
Senators Probe VW-diesel Tax Credits (10/7/15)
VW draws tax-fraud probe, names chairman; UAW-FCA deadline looms; Volvo boss: U.S. needs autonomous-car rules; Kia expands EV sales; Volt vs. green rivals.
BMW bumps up X1 base price by $1,800
URIQUE, Mexico -- BMW is increasing the price of its redesigned base X1 crossover by about $1,800 and adding standard features. The X1 xDrive28i will start at $35,795 including shipping, BMW said today at a press event here. Unlike the previous generation that had standard front-wheel drive, the ...
How Marchionne could forfeit his big win on Tier 2
A UAW strike of Fiat Chrysler Automobiles could force CEO Sergio Marchionne to give back a hard-earned labor trophy he was already polishing for his mantel. For months leading up to UAW negotiations this summer, Marchionne talked about the fundamental unfairness of a two-tier wage system at the ...