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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.

 

EPA nominee Pruitt to review vehicle emissions rules

Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump's choice to lead the EPA, said he will review the Obama administration's recent decision to lock in fuel efficiency rules.

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

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MORE OEM/SUPPLIER NEWS MANUFACTURING REGULATION/SAFETY
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.

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