OEM Coverage

Brazil wants to lift Mexico, Argentina trade caps as auto crisis deepens

3:44 pm U.S. ET | Feb. 4, 2016

Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the automotive industry had its worst January in a dozen years.... Read More »

Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis.... Read More »

VW, seeking approval on emissions fix, replaces top U.S. lawyer

11:33 am U.S. ET | Feb. 4, 2016

Volkswagen AG replaced the head of its U.S. legal department with an outside lawyer as it seeks approval to fix nearly 600,000 vehicles that had software allowing them to cheat on emission levels.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings.... Read More »

Ford will cut jobs in Europe to boost profits

Feb. 3, 2016 10:13 CET

Ford plans to cut white collar jobs in Europe to help lift its weak profitability in the region. Ford also said it plans to reduce its European manufacturing expenses by 7 percent.... Read More »

Honda warns dealerships of liability as it widens airbag recall

12:15 pm U.S. ET | Feb. 3, 2016

American Honda has expanded its Takata airbag recalls by more than 2 million vehicles and warned dealers that they could face legal exposure for unrepaired vehicles if they violate a related stop-sale order for the affected cars.... Read More »

Automakers win fight for diluted EU car-pollution test

Feb. 3, 2016 14:13 CET

Automakers won their fight for a diluted EU plan for testing NOx emissions of cars under real-driving conditions. The plan today cleared the final hurdle in the European Parliament, defying calls for more radical reform following Volkswagen's test-cheating scandal.... Read More »

Toyota to scrap Scion brand, keep the cars

9:33 am U.S. ET | Feb. 3, 2016

Toyota is pulling the plug on Scion, the funky upstart brand it launched in 2002 to appeal to the finicky younger buyers it was struggling to connect with on its own.... Read More »

Cybersecurity experts urge automakers to take steps to stop hackers

4:49 pm U.S. ET | Feb. 3, 2016

As vehicles become increasingly more connected to smartphones, infrastructure and other vehicles, it will become vital for all parties to collaborate and become informed on the risks associated with connectivity, a panel of four experts said at an event in Detroit.... Read More »

GM profits soar on strong truck sales, resilience in China

7:30 am U.S. ET | Feb. 3, 2016

GM posted pretax operating profit of $10.8 billion for 2015 -- including $2.8 billion in the fourth quarter -- as executives sought to reassure skeptical investors that there is plenty of profit potential remaining in the key U.S. and China markets.... Read More »

LARRY P. VELLEQUETTE

BLOG: Chock this out: We may have jumped the shark on Recall-o-rama

12:58 pm U.S. ET | Feb. 3, 2016

In a sign of Fiat Chrysler's new hypersensitivity to safety, the automaker will voluntarily supply owners of 441,578 Dodge Chargers with free wheel chocks.... Read More »

Denso lowers full-year profit forecast, expects yen to strengthen

11:22 am U.S. ET | Feb. 3, 2016

Toyota-affiliated supplier Denso today lowered its full-year net profit forecast by almost 5 percent, saying it expects the yen to strengthen slightly against the U.S. dollar.... Read More »

Takata plans to present restructuring plan to carmakers in May, report says

10:58 am U.S. ET | Feb. 3, 2016

Takata is preparing to present a restructuring plan to automakers in early May that will include an agreement on the sharing of recall costs, people familiar with the matter told Bloomberg.... Read More »

GM to launch first compact sedan in India as part of market share quest

6:30 am U.S. ET | Feb. 3, 2016

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade.... Read More »

Toyota Motor Credit reaches pact with CFPB over discriminatory loan pricing

4:11 pm U.S. ET | Feb. 2, 2016

Toyota Motor Credit has agreed to pay up to $21.9 million and limit its retail margins on auto loans to settle U.S. Department of Justice and Consumer Financial Protection Bureau allegations that it overcharged minority borrowers on their auto loans.... Read More »

Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal

12:22 pm U.S. ET | Feb. 2, 2016

Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal.... Read More »

Automakers' political power may sway EU pollution-test vote

Feb. 2, 2016 12:02 CET

A European plan to test cars' pollution levels under real driving conditions may survive a veto threat this week, signaling that the VW cheating scandal has done little to reduce the auto industry's political influence.... Read More »

VW Group sends proposal to fix rigged 3.0-liter diesels to U.S., Calif. regulators

8:23 pm U.S. ET | Feb. 2, 2016

Under deadline Tuesday, Volkswagen Group of America submitted to U.S. and California regulators a draft plan to recall and repair thousands of 3.0-liter diesel vehicles containing illegal emissions software.... Read More »

Toyota recalls 320,000 vehicles for side airbag issue

5:30 pm U.S. ET | Feb. 2, 2016

Toyota today said it is recalling about 320,000 vehicles from the 2003-06 model years for an airbag-related defect. The recall affects the 2003-06 Toyota Land Cruiser, 2004-06 4Runner, 2005-06 Tundra, 2005-06 Sequoia, 2003-06 Lexus LX 470 and 2004-06 Lexus GX 470.... Read More »

2016 GENEVA AUTO SHOW

Skoda set to take on Hyundai and Kia in large SUV segment

Feb. 2, 2016 10:12 CET

Skoda signaled it will expand its SUV offerings with a new model that will rival vehicles such as the Hyundai Santa Fe and Kia Sorento. VW Group's Czech brand released sketches of the VisionS large SUV concept that will debut at the Geneva auto show.... Read More »

Audi prepares recall of rigged diesels in Germany

Feb. 2, 2016 11:08 CET

Audi expects to begin recalling models fitted with rigged diesels in Germany next month. Audi plans to fix 580,000 cars in the country as part of a recall that will be expanded across Europe.... Read More »

Ferrari shares slump to record low after saying sales growth will slow

3:33 pm U.S. ET | Feb. 2, 2016

Ferrari said sales growth will probably slow down in its first full year of independence from Fiat Chrysler Automobiles, sending the shares to their lowest level since the supercar maker's Oct. 21 initial public offering in New York.... Read More »

Dow CEO Liveris agrees to exit after DuPont merger

3:49 pm U.S. ET | Feb. 2, 2016

Dow Chemical CEO Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal.... Read More »

Mazda issues recalls for potential fuel leak, Takata airbags

2:38 pm U.S. ET | Feb. 2, 2016

Mazda issued two recalls covering all of its 2014-16 CX-5 crossovers in the U.S. for potential fuel leak concerns, in addition to 2004-06 pickups equipped with Takata airbags.... Read More »

 
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