AsiaSpain's CIE and India's Mahindra agree on deal to create major supplierJune 15, 2013 17:56 CET Spain's CIE Automotive will buy a majority stake in the combined auto component unit of India's Mahindra Group to create a new company that will become one of the top 25 global suppliers, with annual sales of $3 billion and operations from North America to Asia.... Read More »
Apollo's second offer to buy Cooper creates new global tire giant 11:59 am U.S. ET | June 13, 2013 Apollo Tyres' $2.5 billion offer to buy Cooper Tire & Rubber, announced this week, wasn't the first time the Indian company tried to acquire the American tire producer. Now the combined company promises to be a major player in the world tire business, with numerous connections to automakers.... Read More »
GM denies it will build Chevrolet Cruze at Poland plantJune 13, 2013 12:52 CET General Motors will start building the Chevrolet Cruze at its Opel plant in Poland, a report said, drawing a denial from GM.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billion 9:57 am U.S. ET | June 12, 2013 India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billionJune 12, 2013 15:57 CET India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
Volkswagen will recall 26,000 cars in Australia on transmission worriesJune 12, 2013 08:55 CET Volkswagen will recall almost 26,000 cars in Australia in response to potential problems with its DSG dual-clutch transmission, mirroring recalls already ordered in China, Singapore and Japan.... Read More »
GM mulls moving Opel Mokka production to Spain from Korea, report saysJune 11, 2013 09:03 CET General Motors is considering moving part of the current production of the Opel Mokka to Spain from Korea, a German newspaper reported, citing sources within the U.S. carmaker. Opel said earlier this year that it plans to build the next-generation Mokka in Europe and not in Korea.... Read More »
Wei: Jeep's about to hit Great Wall 12:01 am U.S. ET | June 10, 2013 Jeep is the world's best-selling SUV brand, but Chinese billionaire Wei Jianjun says that's going to change. He has set a target for Great Wall Motor Co.'s Haval brand to take over the top spot in three to four years.... Read More »
HANS GREIMEL Made-in-America Prius fades into the future 12:01 am U.S. ET | June 10, 2013 Just a year ago, Toyota Motor Corp. executives envisioned building the Toyota Prius hybrid, the No. 10 best-selling car in the United States, in North America as early as 2015. But don't hold your breath.... Read More »
GM may not build next-generation Aveo in S. Korea; union threatens strikeJune 7, 2013 10:39 CET General Motors has told its South Korean labor union it has no plans to produce the next-generation Aveo small car in the country for the time being, prompting the union to threaten strike action. GM says the Chevrolet model will be built in China and the United States.... Read More »
VW offers free inspections in Australia over gearbox worries; no recall plannedJune 7, 2013 09:36 CET Volkswagen has written to car owners in Australia offering free inspections of its vehicles in response to growing worries about potential gearbox problems that have already triggered recalls in China and Japan. The automaker has not ordered a general callback of vehicles in Australia.... Read More »
Japan's nonstop search for best stop-start systemJune 7, 2013 06:01 CET Suppliers and carmakers are trying out competing energy-storage systems to power the fuel-saving engine stop-start systems that are increasingly common on vehicles.... Read More »
Mitsubishi recalls EV and Outlander plug-in hybridJune 5, 2013 06:01 CET Mitsubishi has formally recalled its i-MiEV electric vehicle in Japan. Output of the EV minicar -- which is also sold by Peugeot and Citroen in Europe -- has been halted since a manufacturing glitch caused one of their lithium ion battery packs to melt and another to catch fire in March.... Read More »
Turkish May auto sales rise 15%June 5, 2013 10:46 CET Turkish automotive sales rose 15 percent in May to 81,468 units, in another sign of recovery after a difficult year in 2012, the Automotive Distributors' Association (ODD) said on Wednesday.... Read More »
Mitsubishi recalls EV and Outlander plug-in hybrid in Japan 10:31 am U.S. ET | June 4, 2013 Mitsubishi Motors has formally recalled its i-MiEV electric vehicle in Japan, possibly paving the way for a similar callback in the United States. Sales and production of the pint-sized EV, along with the Outlander plug-in hybrid crossover sold only in Japan, have been halted since a manufacturing glitch caused one of their lithium ion battery packs to melt and another to catch fire in March.... Read More »
BMW makes gains in South Korea on free-trade dealJune 4, 2013 14:25 CET Sales of BMW vehicles in South Korea have tripled since 2009 with the help of a free-trade deal that will get even more advantageous for European carmakers next month. Under new rules, tariffs for some imported European vehicles will be reduced further, posing a small-but-growing threat to domestic carmaker Hyundai's ambition to sell more premium cars at home.... Read More »
Japan's nonstop search for best stop-start system 12:01 am U.S. ET | June 3, 2013 Suppliers and carmakers are trying out competing energy-storage systems to power the fuel-saving engine stop-start systems that are increasingly common on vehicles.... Read More »
A small(er) Ford crossover for U.S.? 12:01 am U.S. ET | June 2, 2013 Ford has developed a smaller, Fiesta-based crossover called the EcoSport in Brazil for global markets. Now executives are hinting that it may bring the EcoSport to the United States.... Read More »
Volkswagen faces safety probe in AustraliaMay 31, 2013 10:45 CET The Australian government is investigating reports of power loss problems in cars built by Volkswagen, amid an inquiry into the death of a woman killed when her VW Golf was hit by a truck in 2011.... Read More »
U.S. lawsuit accuses vehicle shipping companies of price fixing 11:09 am U.S. ET | May 30, 2013 Several major import-vehicle shippers, which together are said to command 70 percent of the global car-shipping market, face allegations of price fixing in a civil lawsuit filed federal court.... Read More »
Toyota to raise board compensation 28% as earnings increase 9:43 am U.S. ET | May 28, 2013 Toyota plans to increase compensation and bonuses for board members as it forecasts profit and sales will climb to the highest level in six years.... Read More »
Ford will shut down Down Under 12:01 am U.S. ET | May 27, 2013 Ford Motor Co., saddled with high costs, falling sales and financial losses, will close its Australian car and engine assembly plants in October 2016 after almost nine decades of manufacturing in the country, Bloomberg and Reuters reported.... Read More »
Nissan readies Datsun brand for IndiaMay 24, 2013 06:01 CET Nissan will introduce its first Datsun model in India by March 2014 as the carmaker offers cheaper vehicles in a push for a fivefold increase in its share of Asia's third-biggest auto market. CEO Carlos Ghosn revived the brand to widen Nissan's appeal to customers in countries such as India, Russia and Indonesia.... Read More »
Ford to shutter Australia car, engine plants in 2016May 23, 2013 06:01 CET Ford will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country.... Read More »
Ford to shutter Australia car, engine plants in 2016 8:04 pm U.S. ET | May 22, 2013 Ford, citing high operating costs, falling sales and financial losses, will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota and GM, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.... Read More »
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Special Report
Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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