A senior U.S. lawmaker on Tuesday urged the Obama administration to push for tough rules on opening the U.S. market to more Japanese autos and to take a firm line in free trade talks against currency manipulation, as Detroit automakers and workers turned up the heat on the White House.
Ford plans to produce both its current F-150 pickup and a new model for about six months to avoid disrupting sales of the top-selling U.S. vehicle and safeguard against potential kinks tied to the truck's extensive overhaul, people familiar with the plans said.
Asbury Automotive Group is well ahead of the acquisition pace its executives expected when they laid out a three-year plan in late 2012. Asbury also reported net income of $27 million in the second quarter, up 28 percent from the year-earlier period.
Ford and Toyota said today they would end a partnership to develop gasoline-electric systems for pickups and SUVs. Ford is on track to bring its rear-wheel-drive hybrid system to market later this decade, Raj Nair, the company’s product development chief, said today.
One of Toyota's newest board members says the city of Detroit's bankruptcy serves as a warning to Toyota and other automakers that would dare ignore changing market trends and react slowly to economic downturns.
Faurecia says it provides the new Volkswagen Up with seats that are up to 20 percent lighter than those in rival minicars. The French supplier was able to reduce weight by using high-tensile steel, which is lighter than traditional steel but offers the same level of stability and safety.