Manufacturing

Spyker wins appeal against bankruptcy

Jan. 31, 2015 11:59 CET
Dutch supercar maker Spyker won its appeal against being placed in bankruptcy. Spyker CEO Victor Muller now plans to push ahead with development of the B6 Venator entry-level luxury sports car, and to merge with a U.S.-based electric aircraft manufacturer.... Read More »

 

Nissan vehicles to use common visible parts

12:01 am U.S. ET | Jan. 31, 2015
Nissan's modular platform saves money by using common components. But owners rarely notice; most of the shared parts are unseen under the hood.... Read More »

 

Europe on track for 5th month of rising vehicle output

Jan. 31, 2015 06:01 CET
European light vehicle production is estimated to rise 1 percent to 1.36 million vehicles in January, the fifth consecutive month of higher output. BMW, Fiat, Ford and VW were forecast to have the biggest production increases on strong demand for new models.... Read More »

 

BMW, Mini and Rolls-Royce cars found vulnerable to being unlocked by hackers

Jan. 30, 2015 15:14 CET
BMW brand, Mini and Rolls-Royce vehicles equipped with BMW Group's ConnectedDrive service can be vulnerable to hackers who can tap into a security flaw in a digital-service system to wirelessly open cars, Germany's ADAC auto club said.... Read More »

 

Ford on verge of promoting newer UAW hires to top-tier pay for first time

6:15 am U.S. ET | Jan. 30, 2015
Ford has exceeded its cap on employees earning second-tier wages and will promote 55 workers hired in 2010 to its top wage scale, the UAW said late Friday. It would be the first time since the UAW agreed to two-tier wages in 2007 that any of the union's members have been moved up to the higher pay scale.... Read More »

 

Honda crash death exposes weaknesses in recall system

2:24 pm U.S. ET | Jan. 30, 2015
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 crash in Texas marked the sixth death linked to inflators made by Takata and highlights some of the pitfalls of the current vehicle recall system.... Read More »

 

Honda cuts profit target as Takata airbag recalls bite

2:52 am U.S. ET | Jan. 30, 2015
Honda 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. Honda also said third-quarter earnings fell 23 percent as it soaked up recall costs.... Read More »

 

THE GM RECALL

GM ignition-switch victims accepting offers, Feinberg says

4:00 pm U.S. ET | Jan. 30, 2015
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.... Read More »

 

Lear Q4 profits surge on North America growth

10:12 am U.S. ET | Jan. 30, 2015
Seating and electronics supplier Lear reported better-than-expected fourth-quarter profits due to strong demand from North America.... Read More »

 

Denso to expand Tenn. plant, add 400 jobs

11:24 am U.S. ET | Jan. 30, 2015
Denso, the world’s second-largest automotive supplier, is set to expand a plant and add about 400 employees in Athens, Tenn.... Read More »

 

Bosch says automotive sales rose 9% in 2014

Jan. 30, 2015 11:30 CET
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 technology and infotainment systems. The supplier also said it is looking at acquisitions for its non-automotive businesses to reduce dependence on the car industry.... Read More »

 

Renault will increase dealer rebates in China as market demand slows

Jan. 30, 2015 11:32 CET
Renault will give its China dealers more rebates and moderate sales targets as demand cools. Sales growth of passenger vehicles in China will probably slow to 8 percent this year from 10 percent in 2014, according to an industry association.... Read More »

 

European suppliers poised for boost from self-driving cars, lower emissions

Jan. 30, 2015 06:01 CET
European suppliers such as Faurecia and Valeo have a five- to 10-year window for above-average organic growth because of trends such as the race to produce vehicles that can drive themselves and to build cars that are more fuel efficient, according to a report.... Read More »

 

ANE's February e-magazine goes live Monday

Jan. 30, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 2. This month's edition looks at Europe's big 2014 sales winners and explains why 2015 is off to a positive start.... Read More »

 

THE TAKATA RECALL CRISIS

Honda confirms crash death caused by ruptured Takata airbag

6:21 pm U.S. ET | Jan. 29, 2015
American Honda on Friday confirmed a Takata airbag ruptured in the fatal crash of a 2002 Accord on January 18 in Texas.... Read More »

 

GM will suspend output at Russian plant

Jan. 29, 2015 20:01 CET
General Motors will suspend production at its plant in St. Petersburg, Russia, from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.... Read More »

 

THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries.... Read More »

 

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."... Read More »

 

U.S. driver death rates fall more than a third in 3 years, IIHS says

2:40 pm U.S. ET | Jan. 29, 2015
After the year of the recall, the Insurance Institute for Highway Safety shared some positive news about vehicle safety: The likelihood of driver deaths in late-model vehicles has fallen more than a third in the US in three years, IIHS said in a status report today.... Read More »

 

Toyota recalls 52,000 Avalons to fix potential wiring fire hazard

10:13 am U.S. ET | Jan. 29, 2015
Toyota Motor Sales USA said it plans to recall about 52,000 Avalon sedans from the 2011-12 model years for wiring that could cause a fire.... Read More »

 

Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.... Read More »

 

Daimler, Schaeffler hit by German strikes

Jan. 29, 2015 11:21 CET
Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday. Further warning stoppages are expected today and in the coming weeks.... Read More »

 

Japanese supplier Sanden agrees to $3.2 million fine in U.S. price-fixing case

6:33 am U.S. ET | Jan. 28, 2015
Japanese supplier Sanden has agreed to pay a US fine of more than $3 million and becomes the latest company tied to a wide-ranging auto supplier price-fixing prosecution for its brief role in setting the prices of air conditioning compressors for Nissan.... Read More »

 

Gentex Q4 sales gains lag forecasts; stock drops

11:53 am U.S. ET | Jan. 28, 2015
Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent.... Read More »

 

Over-the-air auto software updates opens market to acquisitions

2:47 pm U.S. ET | Jan. 28, 2015
Over-the-air software updates -- a no-fuss, no-muss infotainment feature popularized by Tesla Motors -- is rapidly spreading to the entire auto industry, fueling high-price acquisitions in the segment.... Read More »

 

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