SPECIAL OFFER: Subscribe now for less than $2/week. Ends Friday.

Takata's remaining two bidders to seek court-led turnaround in Japan, report says

Takata's two remaining bidders plan to propose a court-mediated turnaround for the Japanese operations of the troubled airbag supplier, the Nikkei business daily reported.

 

Automakers will continue Mexico investments despite Trump threats, study says

Forecasting firm LMC Automotive expects automakers will continue to invest in Mexico over the next four years despite tariff threats and social media shaming from President-elect Donald Trump.

GM's $1 billion investment plan to take toll on American Axle

General Motors' plan to invest $1 billion into U.S. factories and add thousands of jobs comes at the expense of one Detroit supplier. American Axle &

Sign up for our daily newsletter

We'll send you the top news of the day each weekday afternoon.

MORE MANUFACTURING NEWS OEM/SUPPLIERS EXECUTIVES
GM settles ignition-switch disclosure case with SEC

General Motors today said it will pay a $1 million fine to settle an investigation by the U.S. Securities and Exchange Commission related to its 2014 ignition-switch recalls. The agreement does not require GM to admit any wrongdoing, nor does it call into question any of GM’s financial statements or disclosures, the company said.

GM's $1 billion investment plan to take toll on American Axle

General Motors' plan to invest $1 billion into U.S. factories and add thousands of jobs comes at the expense of one Detroit supplier. American Axle & Manufacturing is losing part of its business to supply GM's next-generation full-size pickup trucks and SUVs.

Ross tells Canada that U.S. will open NAFTA negotiations, report says

Canadian officials say Wilbur Ross, the nominee for US commerce secretary, has indicated that a formal-notification letter to open negotiations on NAFTA will be sent to Canada and Mexico within days of the inauguration of President-elect Donald Trump, according to the Globe and Mail newspaper.

VW delays bid to boost Audi's China sales with SAIC deal

VW Group says it will not produce or sell any Audi cars with SAIC in China until at least 2018, seeking first to strengthen ties with existing Audi partner FAW. A partnership with SAIC, China's largest automaker, could boost Audi's slowing sales as rival Mercedes makes ground in the market.

Italy rejects Germany's emissions allegations against Fiat Chrysler

Tests conducted on Fiat Chrysler vehicles show they are compliant with regulations and contain no emissions defeat devices as alleged by Germany, Italy's transport ministry said. Germany last year claimed certain FCA diesel models contained hidden software that allowed excessive engine emissions.

Newsletters