Manufacturing

NHTSA apologizes for mishandling Takata airbag recall information

10:22 pm U.S. ET | Oct. 22, 2014
The National Highway Traffic Safety Administration's top official apologized late Wednesday for publishing inaccurate information in its Monday warning about defective Takata airbags that may explode and for technical glitches that made its recall search page unavailable for much of the week.... Read More »

 

U.S. prosecutors probe Takata over recalls

6:00 pm U.S. ET | Oct. 22, 2014
The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls.... Read More »

 

Toyota says potential Mexico plant still far from approval

4:05 pm U.S. ET | Oct. 22, 2014
Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management.... Read More »

 

List of 7.8 million vehicles involved in the Takata airbag recalls

6:50 am U.S. ET | Oct. 22, 2014
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration.... Read More »

 

Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent.... Read More »

 

Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg.... Read More »

 

Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

8:38 am U.S. ET | Oct. 22, 2014
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.... Read More »

 

Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies.... Read More »

 

Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company.... Read More »

 

GM will warn some Saab, Pontiac owners not to allow front passengers

Oct. 22, 2014 12:47 CET
General Motors will warn some owners of Saab 9-2X and Pontiac Vibe hatchbacks in the U.S. not to allow front-seat passengers until defective air bags are replaced as part of a wider recall that involves 6.1 million cars.... Read More »

 

EU says Honeywell, DuPont car refrigerant deal may be illegal

Oct. 22, 2014 10:51 CET
The EU says auto supplier Honeywell's joint venture with chemicals company DuPont to produce an air conditioning refrigerant for cars may be anti-competitive as the deal may have blocked rivals keen to participate in the chemical's development.... Read More »

 

Toyota executive backs Takata’s handling of airbag crisis

6:39 am U.S. ET | Oct. 22, 2014
A top Toyota executive offered support for how airbag maker Takata is handling a safety crisis affecting millions of vehicles, days after expanding its own recalls for the second time in four months.... Read More »

 

NHTSA expands faulty airbag warning to 7.8 million vehicles

9:31 am U.S. ET | Oct. 21, 2014
Auto safety regulators, for the second time late Tuesday, expanded their warning to owners of vehicles recalled for defective Takata airbags, urging them to get the airbags replaced. But the federal website created to help consumers to verify whether their vehicle has been recalled was unavailable for most of the day, and was still down as of mid-morning Wednesday.... Read More »

 

Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.... Read More »

 

GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.... Read More »

 

NHTSA website search function crashes as drivers look for airbag recalls

4:10 pm U.S. ET | Oct. 21, 2014
The website federal safety regulators are urging 4.7 million people to check to see if their cars have defective airbags couldn't be fully accessed today.... Read More »

 

Toyota ordered to pay $12.5 million to woman 'virtually decapitated' by seat belt

2:22 pm U.S. ET | Oct. 21, 2014
A California jury ordered Toyota to pay $12.5 million for being responsible for debilitating lap-only seat belt injuries in a 2010 crash.... Read More »

 

Ford to close climate control plant, lay off 257 workers

3:11 pm U.S. ET | Oct. 21, 2014
Ford plans to shed the last line of business in nine-year-old Automotive Component Holdings LLC by December when ACH closes its Sheldon Road climate control plant in suburban Detroit and lays off its last 257 employees.... Read More »

 

Viper plant to reopen in mid-November

3:05 pm U.S. ET | Oct. 21, 2014
Chrysler Group will restart the idled Conner Avenue plant in Detroit in mid-November to build the Dodge Viper.... Read More »

 

PSA will add production shifts to meet demand for Citroen C4 Cactus, report says

Oct. 21, 2014 18:21 CET
PSA/Peugeot-Citroen is adding extra production shifts at its Villaverde factory near Madrid to meet increasing demand for the new Citroen C4 Cactus, a report said.... Read More »

 

Daimler will shift some Sprinter production to North America from Germany

Oct. 21, 2014 17:51 CET
Daimler said it will build the next-generation Mercedes Sprinter van in North America, shifting some production from Germany to improve competitiveness.... Read More »

 

Takata hit with 2 more airbag lawsuits

11:54 am U.S. ET | Oct. 21, 2014
The recall crisis involving Takata airbags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.... Read More »

 

Takata, wrestling with airbag recall, sees shares take 23% plunge

7:08 am U.S. ET | Oct. 21, 2014
Takata shares plunged by a record in Tokyo trading after Toyota advised U.S. owners of its cars to seat passengers in the back amid reports of metal shrapnel being propelled from inside faulty airbags.... Read More »

 

Daimler eyes stake in motorcycle maker MV Agusta, report says

Oct. 21, 2014 10:39 CET
Daimler is said to be in talks to take a stake of up to 25 percent in Italian motorcycle maker MV Agusta. Carmakers' interest in motorbike technology is growing as they introduce smaller engines aimed at meeting anti-pollution rules.... Read More »

 

PSA-Dongfeng JV breaks ground for 4th China plant

Oct. 21, 2014 11:08 CET
PSA's joint venture with Dongfeng began construction of its fourth Chinese assembly plant. The factory will launch production in 2016 and will build up to 360,000 vehicles a year.... Read More »

 

Rocket Fuel