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Toyota's top female executive, Hamp, steps down after arrest in Japan

4:34 am U.S. ET | July 1, 2015 | UPDATED: 7/1/15 9:03 am ET - adds background
Toyota said Julie Hamp, its first female managing officer, had resigned following her arrest last month on suspicion of illegally importing the painkiller oxycodone into Japan.

Nissan drops Pathfinder hybrid

7:00 pm U.S. ET | July 1, 2015
Nissan has quietly discontinued the hybrid version of Pathfinder crossover as U.S. consumers look increasingly to traditional crossovers, SUVs and pickups.

 
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GM fund leaves out scores hurt or killed in cars with switch flaw

10:53 am U.S. ET | July 1, 2015
GM's compensation fund for faulty ignition switches covers only 2.59 million vehicles with that specific flaw.

Fiat Chrysler will start Jeep output in India in 2017

10:10 am U.S. ET | July 1, 2015
Fiat Chrysler will invest $280 million to begin Jeep production in India in 2017 through an expanded joint venture with Tata Motors.

Japanese automakers to subsidize hydrogen station operating costs

6:25 am U.S. ET | July 1, 2015
Toyota, Nissan and Honda plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.

Porsche labor chief joins VW board

8:41 am U.S. ET | July 1, 2015
Porsche's labor chief, who once fought a merger with Volkswagen, is joining the parent company's supervisory board as a reshuffle of positions at...

JLR said to move China head to lead European unit

4:45 am U.S. ET | July 1, 2015
Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said.

GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015
GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output...

Dealer helps high-rate customers refinance

12:01 am U.S. ET | July 1, 2015
Honolulu Ford President Mark Benson proactively tries to refinance customers with high-interest-rate car loans, including ones the dealership...

Toyota Mirai rated at U.S. range of 312 miles

4:00 pm U.S. ET | June 30, 2015
Toyota says its high-stakes hydrogen car will have a U.S. rating of 312 miles between refueling stops, farther than the Tesla Model S.

Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015
Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna...

Dura owner Tilton loses bid to halt SEC proceedings

2:37 pm U.S. ET | June 30, 2015
Lynn Tilton, the owner of auto supplier Dura Automotive and the so-called Diva of Distressed, lost a bid to halt a U.S.

Suzuki patriarch appoints son as president and likely successor

5:50 am U.S. ET | June 30, 2015
Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the...

Bain Capital completes buyout of TI Automotive

4:15 pm U.S. ET | June 30, 2015
TI Automotive said its sale to private equity firm Bain Capital LLC has been completed. Terms of the sale were not disclosed in a statement today.

NEWS ANALYSIS

New VW brand boss needs to cut costs, boost profits

12:01 am U.S. ET | June 30, 2015
VW brand will have a new boss for the first time since 2007 when former BMW development chief Herbert Diess takes control.

GM directors don't have to face ignition-switch claims

6:54 am U.S. ET | June 30, 2015
General Motors directors don't have to face investors' allegations that lax supervision allowed the company to make cars with faulty ignition systems...

Mexican supplier Nemak to launch $750 million IPO

11:38 am U.S. ET | June 30, 2015
Nemak SAB's expected $750 million initial public stock offering today marks the first stock offering of a Mexican auto supplier since at least 2000.

Toyota's new shares are popular in Japan

10:17 am U.S. ET | June 30, 2015
Japanese retail investors are flooding stock brokers with orders for a new class of Toyota shares, indicating the carmaker can fetch a good price for...

Camo-free Cadillac XT5 crossover spied in Manhattan

12:20 pm U.S. ET | June 29, 2015
Cadillac's new XT5 -- the replacement for the SRX midsize crossover -- will get a bolder front end but keep many of the same proportions of its...

Philip Benton, former Ford president, dies at 86

3:51 pm U.S. ET | June 29, 2015
Philip Benton Jr., former president of Ford, died at his home in Massachusetts on June 14. He was 86.

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