Fiat's Turkish joint venture plans to start manufacturing a new passenger car in the second half of 2015. Istanbul-based Tofas also will invest $520 million to more than double production to 580,000 vehicles by 2023, exporting a third of the total.
German supplier Mubea has opened a factory to make tailored rolled blanks in northern Kentucky. Mubea is the fourth German-owned auto company to either open or announce plans to locate a new factory in Kentucky since November 2012.
Doesn't it seem like there's a vehicle safety recall practically every other day? Actually, there is. This year, automakers announced 143 recalls in the 273 days through September, affecting as many as 18.5 million cars and light trucks -- well more than the number of new vehicles sold.
Warranty claims reported by publicly traded companies range from $11 billion to $13 billion a year. That's a powerful incentive for automakers to hold suppliers liable, and they generally find ways to do so.