THE TAKATA RECALL CRISIS

Honda confirms crash death caused by ruptured Takata airbag

6:21 pm U.S. ET | Jan. 29, 2015
American Honda on Friday confirmed a Takata airbag ruptured in the fatal crash of a 2002 Accord on January 18 in Texas.... Read More »

 

First Shift: Ford profit down 56% in '14

12:01 am U.S. ET | Jan. 29, 2015
Vehicle rollouts cut earnings in 'solid yet challenging year'; GM won't extend deadline; Nissan carries a torch; Ford truck bash.... Read More »

 

GM will suspend output at Russian plant

Jan. 29, 2015 20:01 CET
General Motors will suspend production at its plant in St. Petersburg, Russia, from mid-March until mid-May and is raising prices for its products because of the weak and volatile Russian ruble.... Read More »

 

Group 1 and Prestige settle Fla. buy-sell dispute

3:50 pm U.S. ET | Jan. 29, 2015
A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said.... Read More »

 

THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries.... Read More »

 

Fiat Chrysler to air 3 Super Bowl ads

4:21 pm U.S. ET | Jan. 29, 2015
Fiat Chrysler says it will air three Super Bowl commercials during Sunday's game. The first ad is slated to air as the first commercial after the two-minute warning in the second quarter.... Read More »

 

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."... Read More »

 

2015 CHICAGO AUTO SHOW

Kia to unveil off-roader concept at Chicago show

3:34 pm U.S. ET | Jan. 29, 2015
Kia Motors will unveil a rugged concept car with electric all-wheel drive at the Chicago Auto Show, the automaker said today as it released a teaser image.... Read More »

 

AutoNews Now: Sizzling U.S. sales forecast

12:01 am U.S. ET | Jan. 29, 2015
D3 projected to post double-digit gains in Jan.; GM, Ally vie for F&I; Kia's 'Unexpected' ad; N.A. fuels FCA; Ford, Nissan recalls.... Read More »

 

AutoNews Now: A green-car dilemma

12:01 am U.S. ET | Jan. 29, 2015
Buyers not adopting tech as fast as expected, Ford boss says; driver deaths decline; avoiding 'bubble' trouble; Nissan teases ad.... Read More »

 

VW could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said.... Read More »

 

U.S. driver death rates fall more than a third in 3 years, IIHS says

2:40 pm U.S. ET | Jan. 29, 2015
After the year of the recall, the Insurance Institute for Highway Safety shared some positive news about vehicle safety: The likelihood of driver deaths in late-model vehicles has fallen more than a third in the US in three years, IIHS said in a status report today.... Read More »

 

GM's lease incentive move to captive unit surprised, angered Ally's chief

11:40 am U.S. ET | Jan. 29, 2015
General Motors' recent move to steer 100 percent of its Buick, Cadillac and GMC lease incentives in the US to captive finance company GM Financial took Ally Financial by surprise, Ally CEO Michael Carpenter said during a conference call today.... Read More »

 

Toyota recalls 52,000 Avalons to fix potential wiring fire hazard

10:13 am U.S. ET | Jan. 29, 2015
Toyota Motor Sales USA said it plans to recall about 52,000 Avalon sedans from the 2011-12 model years for wiring that could cause a fire.... Read More »

 

Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.... Read More »

 

DIANA T. KURYLKO

Volvo's interception not likely to win the game

6:43 am U.S. ET | Jan. 29, 2015
Volvo wants some of the attention the big boys with fat wallets will get during the Super Bowl.... Read More »

 

Bollore eyes Los Angeles in car-sharing expansion

Jan. 29, 2015 11:45 CET
Vincent Bollore is targeting Los Angeles and Singapore as the next markets for his electric-car sharing service after its debuts later this year in London and Indianapolis.The French car-sharing service currently has about 70,000 subscribers in Paris.... Read More »

 

Daimler, Schaeffler hit by German strikes

Jan. 29, 2015 11:21 CET
Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday. Further warning stoppages are expected today and in the coming weeks.... Read More »

 

Japanese supplier Sanden agrees to $3.2 million fine in U.S. price-fixing case

6:33 am U.S. ET | Jan. 28, 2015
Japanese supplier Sanden has agreed to pay a US fine of more than $3 million and becomes the latest company tied to a wide-ranging auto supplier price-fixing prosecution for its brief role in setting the prices of air conditioning compressors for Nissan.... Read More »

 

GM denies request by U.S. senators to extend ignition-switch claims deadline

4:05 pm U.S. ET | Jan. 28, 2015
General Motors today denied a request from two US senators to extend the Saturday deadline for victims of the company's defective ignition switch to apply for compensation. “Our goal is to be just and timely in compensating the families who lost loved ones and those who suffered physical injury," GM said in a statement. "We previously extended the deadline until January 31, and we do not plan another extension.”... Read More »

 

Fiat Chrysler's $4.1 billion operating profit in 2014 fueled by N.A.

8:51 am U.S. ET | Jan. 28, 2015
Fiat Chrysler Automobiles met its full-year guidance as strong results from North America and improving operations in Europe managed to offset persistent weakness in Latin America.... Read More »

 

Lending by credit unions, others grew in 2014

11:00 am U.S. ET | Jan. 28, 2015
Credit unions and other lenders are beginning to release data that confirm what the industry knows: Last year, when U.S. new light-vehicle sales rose 6 percent, was a very good year for vehicle lending.... Read More »

 

Marchionne has FCA on fast track to profit in Europe

Jan. 28, 2015 16:28 CET
Fiat Chrysler Automobiles will be profitable in Europe a year earlier than expected, CEO Sergio Marchionne said. Previously, Marchionne said the automaker's regional operations in Europe, Middle East and Africa (EMEA) would break even this year and turn a profit in 2016.... Read More »

 

First Shift: German auto CEOs rally

12:01 am U.S. ET | Jan. 28, 2015
Heads of VW, Daimler, other carmakers lobby for free-trade deal; Toyota test-drive flak; dealer's billboard prompts 911 calls.... Read More »

 

Renault expects to make 3,000 Alpine cars a year

Jan. 28, 2015 12:36 CET
A Renault executive has revealed the output expectations for the automaker's Alpine-badged sports car. "In terms of scale, on average [annual production] volume will be about 3,000 cars, with a peak of 5,000 initially due to the novelty factor," Alpine head Bernard Ollivier told Reuters in an interview.... Read More »

 

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