Manufacturing

GM Korea reaches tentative wage deal with union

9:01 am U.S. ET | July 27, 2015

General Motors' South Korean unit tentatively reached an annual wage deal with its labor union today, averting a major strike at one of its key Asian production bases, a union spokesman told Reuters.... Read More »

U.S. automakers leery of Pacific trade deal as talks near end

6:54 am U.S. ET | July 27, 2015

U.S. automakers typically back trade agreements that open markets for their products, yet they aren't cheering for a pact among 12 Pacific nations that's entering its final negotiations.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Dodge cancels unfilled '15 Hellcat orders, doubles '16 output

12:01 am U.S. ET | July 27, 2015

Dodge will more than double Hellcat Charger and Challenger production for 2016. But about 900 unfilled 2015 orders will be canceled.... Read More »

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.... Read More »

Mitsubishi throws in towel on fading era

12:01 am U.S. ET | July 27, 2015

Mitsubishi Motors Corp.'s decision last week to sell its only U.S. assembly plant illustrates an emerging new-world order in car production. Mitsubishi's Normal, Ill., plant was part of a wave of Asian-brand joint-venture auto plants in North America that opened in the 1980s and 1990s to do whatever was necessary to crack the all-important U.S. retail market.... Read More »

Hack attack vs. FCA shows flaws with rush to connectivity

12:01 am U.S. ET | July 27, 2015

By the time it was publicized last week that hackers managed to take over a Jeep Cherokee, Fiat Chrysler had posted an urgent security patch on its website and was scrambling to further lock down the system. But the industry's response is only now ramping up, as automakers come to terms with the implications of building devices that increasingly function as networked computers on wheels.... Read More »

At last, Honda and Toyota prepare for turbo charge

12:01 am U.S. ET | July 27, 2015

After years of setting the pace in fuel economy without relying on technologies like turbocharging, direct injection or CVTs, Japan's big three will spend the next several years playing catch-up.... Read More »

NEWS ANALYSIS

Chasing profits, JCI jumps out of seats

12:01 am U.S. ET | July 27, 2015

Johnson Controls' spinoff of its $22 billion seats-and-interiors unit, announced last week, underlines an uncomfortable truth for suppliers: Sometimes it's not enough to be No. 1. Seats don't generate the profits that they once did, and that's due to a new trend in purchasing.... Read More »

Driverless driving induces a range of anxiety on road

12:01 am U.S. ET | July 27, 2015

When Delphi engineers undertook a nine-day, 3,400-mile journey from San Francisco to New York in a driverless research vehicle in March, they got some interesting reactions from other motorists.... Read More »

N.A. output rises 4.6% in June

12:01 am U.S. ET | July 27, 2015

Estimated North American car and truck production in June rose 4.6 percent from a year earlier to 1,608,369 units. It was the 47th consecutive month for production to exceed 1 million units.... Read More »

SHAREHOLDER VALUE REPORT

Retailers, suppliers pace 2nd-quarter shareholder returns

12:01 am U.S. ET | July 27, 2015

Shareholder returns among global automakers in the second quarter drooped in a down global economy, but U.S. publicly owned retailers and global suppliers handily outperformed most indexes.... Read More »

Audi performance unit kills manual gearbox, naturally aspirated V-8

12:01 am U.S. ET | July 27, 2015

Audi's quattro GmbH performance division is slaughtering a few sacred cows among sports car enthusiasts.... Read More »

Mercedes revamps supply chain to trim costs

12:01 am U.S. ET | July 27, 2015

Mercedes-Benz aims to reduce its logistics costs by about 20 percent per vehicle as the company invests hundreds of millions of euros in a global reorganization of its supply chain network. The automaker has increased production outside of its German home over the past decade but many of the components used in its cars are still sourced from Europe.... Read More »

VW: No plans to cut China production

9:04 am U.S. ET | July 25, 2015

Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said Saturday in response to a media report.... Read More »

Fiat Chrysler recalls 1.7 million trucks for faulty airbags

11:04 am U.S. ET | July 25, 2015

Fiat Chrysler Automobiles is recalling about 1.7 million late model Ram trucks to replace airbags that may deploy inadvertently.... Read More »

FCA's anti-hacking recall marks industry milestone

12:01 am U.S. ET | July 25, 2015

Fiat Chrysler's recall of about 1.4 million cars and trucks equipped with radios that are vulnerable to hacking is the first formal safety campaign in response to a cybersecurity threat.... Read More »

Fiat Chrysler recalls 1.4 million vehicles to install anti-hacking software

11:30 am U.S. ET | July 24, 2015

Fiat Chrysler is recalling 1.4 million vehicles to close a software loophole that allowed hackers to remotely take control of a 2014 Jeep Cherokee. The company previously only advised owners to download a software patch or take their vehicle to a dealer to have it installed.... Read More »

Mitsubishi to end U.S. vehicle output, shutter factory by Nov. if there's no buyer

12:49 pm U.S. ET | July 24, 2015

Mitsubishi will shutter its only North American assembly plant by November if it can’t find a buyer for the factory, and will soon start shipping tooling back to Japan.... Read More »

JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company.... Read More »

Hot wheels: Blue-green, deep red, sparking gold on horizon

3:30 pm U.S. ET | July 24, 2015

Cars and trucks of the future will sport deep reds, sparkling golds, bright silvers, rich blues and deep blue-greens, trend spotters at supplier BASF's automotive coatings divisions predict.... Read More »

Chevrolet plans low-cost pedestrian avoidance on Malibu

3:45 pm U.S. ET | July 24, 2015

GM is introducing a pedestrian-avoidance system on the redesigned 2016 Chevrolet Malibu, the latest example of active-safety features proliferating on mainstream vehicles. GM said Friday it will offer 22 active safety systems across its brands for the 2016 model year.... Read More »

Tenneco Q2 profits fall 3.7%

11:00 am U.S. ET | July 24, 2015

Tenneco’s second-quarter profits dipped 3.7 percent to $78 million from the year-earlier period. Revenue, adjusted for the unfavorable impact of currency exchange rates, increased 3 percent to $2.31 billion.... Read More »

JCI profit rises on improved margins

10:20 am U.S. ET | July 24, 2015

Johnson Controls, the largest U.S. auto parts supplier, reported higher quarterly net profit on fatter margins across the company's main three business segments.... Read More »

PSA plans to export Iran-made cars after nuclear deal

July 24, 2015 06:01 CET

PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program.... Read More »

 
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