Manufacturing

Honda pushes dealers for buyers' signatures on airbag liability

12:01 am U.S. ET | July 28, 2014
"I understand that if this used car I'm buying is in a crash, the airbag could kill me." That's the gist of a document that American Honda Motor Co. wants its dealers to require buyers of certain 2001-11 used Honda and Acura vehicles to sign.... Read More »

 

Hot hybrid

12:01 am U.S. ET | July 28, 2014
Honda Motor Co. engineers are trying to figure out why an Acura NSX undergoing high-speed testing at Germany's Nurburgring last week caught fire and burned to the ground.... Read More »

 

Ford EcoBoost V-6 makes V-8 power

12:01 am U.S. ET | July 28, 2014
Ford Motor Co.'s latest EcoBoost engine -- a compact, lightweight 2.7-liter V-6 -- will be the smallest engine available in a full-sized pickup when it debuts this fall in the aluminum-bodied 2015 F-150. But it generates V-8 levels of power: 325 hp and 375 pounds-feet of torque.... Read More »

 

VW plans Apple-like model updates

12:01 am U.S. ET | July 28, 2014
Volkswagen AG plans to mimic the fast-paced rollouts of products made by the likes of Apple Inc. to adapt quicker to changing customer demands for technology in its vehicles.... Read More »

 

Self-driving tech attracts ZF to TRW

12:01 am U.S. ET | July 28, 2014
Self-driving cars are years away, but their lure is prompting ZF Friedrichshafen AG, a German supplier of transmissions and other mainstream products, to consider buying TRW Automotive, said ZF's finance chief.... Read More »

 

Mike Alexander, legendary custom-car builder, dies

12:01 am U.S. ET | July 28, 2014
Mike Alexander, half of a Detroit-area brother duo who became famous for their custom cars, died July 18. He was 80.... Read More »

 

Jaguar Land Rover taps ex-military to combat skills shortage

12:01 am U.S. ET | July 27, 2014
Jaguar Land Rover has created a training course to attract former military personnel amid a shortage of skilled workers in Britain. Ford and Bentley are also competing for talent with trainee programs as the U.K.'s expanding auto industry devises new ways to draw workers to manufacturing.... Read More »

 

OnStar change targets service visits

12:01 am U.S. ET | July 27, 2014
Starting with its 2015 models, GM will offer buyers free monthly vehicle-diagnostic reports through OnStar, and allow those customers to sign up to receive maintenance notifications from their dealerships.... Read More »

 

Millennials drawn to car-sharing services, but eventually, they buy

12:01 am U.S. ET | July 26, 2014
Car- and ride-sharing programs are changing the way city dwellers get around and the way millennials think about car ownership. Automakers have noticed and are experimenting with ways to adapt -- creating partnerships with car-sharing services or offering their own transportation services.... Read More »

 

Nissan expands U.S. recall of cars with defective Takata airbags

2:45 pm U.S. ET | July 26, 2014
Nissan is expanding by 226,326 vehicles a U.S. recall of older models equipped with defective airbags made by Takata, Nissan said in an amended filing posted Saturday by U.S. safety regulators.... Read More »

 

Mitsubishi retools flagship Japan plant before hybrid push

12:01 am U.S. ET | July 26, 2014
Mitsubishi is overhauling its flagship assembly plant in Japan to slash production costs and boost capacity as it readies for increased output of plug-in hybrid vehicles. The renovations at Mitsubishi's Okazaki plant in central Japan aim to cut the cost of body assembly 30 percent.... Read More »

 

ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own.... Read More »

 

Fisker's Chinese owner plans 2nd model after Karma output resumes

5:51 pm U.S. ET | July 25, 2014
The Chinese owner of Fisker Automotive hopes to launch a second model that would join the $100,000 Karma luxury plug-in hybrid in three years, according to the company’s chairman.... Read More »

 

Lear profits rise on higher vehicle output, record seating volume, electrical gains

8:03 am U.S. ET | July 25, 2014
Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business.... Read More »

 

Hella planning IPO later this year, report says

2:49 pm U.S. ET | July 25, 2014
German automotive supplier Hella is working with Citigroup and banks on an initial public offering later this year, according to people with knowledge of the matter.... Read More »

 

South African union said to reject wage deal to end strike, resume car output

9:49 am U.S. ET | July 25, 2014
South Africa's biggest union will probably reject the latest pay offer from employers to end a three-week strike that has idled light-vehicle output and other manufacturing because of a clause related to workplace bargaining, a union official said.... Read More »

 

Mazda expands U.S. recall of cars with faulty Takata airbags

12:51 pm U.S. ET | July 25, 2014
Mazda will broaden a recall of cars sold in the United States because an airbag inflator, supplied by Japanese supplier Takata, could rupture and seriously injure occupants.... Read More »

 

Valeo raises 2014 profit forecast

July 25, 2014 06:01 CET
French car parts supplier Valeo has raised its full-year earnings forecast following a 21 percent rise in first-half profit, due mainly to overseas expansion and increased demand for fuel-saving technologies.... Read More »

 

Gentex Q2 net income grows 47 percent

3:19 pm U.S. ET | July 24, 2014
Automotive mirror supplier Gentex reported $76.7 million in net income with total revenue of $338.4 million for the second quarter.... Read More »

 

GM may put Brazil workers on paid leave

9:21 pm U.S. ET | July 24, 2014
GM wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union says, amid falling output in Latin America's largest economy.... Read More »

 

Cooper-Standard begins operations at Asia Pacific tech center

2:44 pm U.S. ET | July 24, 2014
Auto supplier Cooper-Standard Automotive Inc. began operations at its Asia Pacific Technical Center today in Shanghai.... Read More »

 

UK car output boosted by new models in first half

July 24, 2014 10:41 CET
UK car production grew by 4 percent in the first six months thanks to new models, but the Society of Motor Manufacturers and Traders warned that further growth must be backed by bolstering the UK's parts supply chain.... Read More »

 

Hyundai's Q2 profit falls 7% on currency strength, weak global demand

July 24, 2014 11:34 CET
Hyundai's second-quarter profit fell 7 percent as a strong won, weakening global sales and incentives in the U.S. took their toll on earnings. To combat a strong currency, the automaker will now consider adding production overseas.... Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations.... Read More »

 

THE GM RECALL

GM recalls 717,950 vehicles, pushing year's recall tally to 60

2:07 pm U.S. ET | July 23, 2014
General Motors is recalling another 717,950 vehicles in the United States, mostly 2010-12 model year cars and crossovers, lifting its total for the year to a record 60 safety campaigns covering around 29 million vehicles globally.... Read More »

 

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