Automakers and Suppliers

FCA up 5.8% on Jeep, Chrysler 200, Ram

12:00 pm U.S. ET | May 1, 2015

Strong Jeep and Chrysler 200 sales pushed Fiat Chrysler's U.S. deliveries up 5.8 percent in April. Fiat Chrysler Automobiles reported U.S. sales of 189,027 units, its 61st consecutive month of year-over-year sales gains.... Read More »

Nissan Versa carpet probe expanded by NHTSA

11:25 am U.S. ET | May 1, 2015

NHTSA is expanding an investigation of 360,000 Nissan Versa sedans and Versa Note hatchbacks to include the 2015 models. Carpet trim paneling may interfere with drivers' ability to brake and may cause inadvertent acceleration, NHTSA said.... Read More »

GM tops rivals in Canada

3:24 pm U.S. ET | May 1, 2015

General Motors jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said today, winning a crown usually held by its rivals.... Read More »

Aston Martin picks Ally Financial as preferred U.S. lender

11:44 am U.S. ET | May 1, 2015

Aston Martin Lagonda named Ally Financial, the former GM financing arm, as its preferred US auto lender to help the maker of luxury sports cars expand sales.... Read More »

Honda, Takata sued over fatality in Malaysia

6:43 am U.S. ET | May 1, 2015

The father of a pregnant woman killed by shrapnel from an airbag that deployed during an auto accident in Malaysia sued Takata and Honda in the US.... Read More »

American Axle profits rise; non-GM sales grow

8:53 am U.S. ET | May 1, 2015

American Axle & Manufacturing Holdings reported improved first-quarter earnings thanks to strong North American truck and SUV sales.... Read More »

Ford calls back more Fiestas for latch fix

9:50 am U.S. ET | May 1, 2015

Ford said today it is expanding a recall for doors that can fly open, adding about 156,000 Fiestas in response to pressure from government regulators. Ford now has recalled more than 1.1 million vehicles this week for five different issues.... Read More »

Crossovers propel Nissan Motor to April record

12:00 pm U.S. ET | May 1, 2015

Nissan Motor Corp. rode its freshened lineup of Nissan and Infiniti utilities and crossovers to total U.S. sales of 109,848 vehicles, an increase of 5.7 percent an April record.... Read More »

CAR CUTAWAY

Preh teams up with Audi on new TT's high-tech air vents

12:01 am U.S. ET | May 1, 2015

German supplier Preh teamed up with Audi to equip the TT with heating and air conditioning controls that have been fully integrated into the car's dashboard-mounted air vents. Audi offers the option of adding digital displays to the vents that show the fan speed and temperature settings.... Read More »

JAY RAMEY

BLOG: Mercedes G class latest victim in China's clone wars

12:01 am U.S. ET | May 1, 2015

China's Beijing Automotive has introduced an SUV that is a near clone of a western SUV, the classic Mercedes G class. Mercedes executives reportedly tried but failed to get BAIC to back off building the SUV.... Read More »

Germany's Brose expects China sales to rise 50% by 2020

May 1, 2015 06:01 CET

German supplier Brose Group expects its annual sales in China will grow by 50 percent by 2020, as the company undergoes a period of expansion in the country.... Read More »

ANE's May e-magazine goes live Monday

May 1, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 4. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth.... Read More »

VW ex-chairman Piech challenges board nominees, report says

April 30, 2015 15:08 CET

Former VW Group Chairman Ferdinand Piech is challenging the company's choice of two of his nieces to replace him and his wife as board members, a German newspaper said. Piech is nominating former BMW and Ford executive Wolfgang Reitzle -- seen as a potential replacement chairman -- and former Siemens manager Brigitte Ederer instead, the report said.... Read More »

REGULATION AND SAFETY

Almost half of U.S. vehicles aren't covered under existing safety regulations

7:01 am U.S. ET | April 30, 2015

Hundreds of crashes involving defective cars are going unreported each year because under federal safety rules automakers aren't required to report suspicious accidents for models more than 10 years old.... Read More »

Bidding auction for De Tomaso won by Chinese fund

April 30, 2015 11:49 CET

A Hong Kong-based investment fund called Ideal Team Venture has acquired Italy's iconic De Tomaso sports car brand for just over 1 million euros. Ideal Team has until tomorrow to pay, leaving industry observers skeptical the deal will be completed.... Read More »

Aston Martin secures funds to build DBX crossover

12:00 pm U.S. ET | April 30, 2015

Aston Martin Lagonda is set to receive more than $300 million for the development of its groundbreaking DBX crossover and other vehicles that fall outside its traditional sports car bent.... Read More »

Ghosn loses clash with French state on Renault control

April 30, 2015 18:47 CET

Renault CEO Carlos Ghosn lost a clash with French Economy Minister Emmanuel Macron, as the Socialist government won a shareholder vote that will increase its influence at Renault.... Read More »

Delphi looking for acquisition of $1 billion-$3 billion, CEO says

9:58 am U.S. ET | April 30, 2015

Delphi CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software.... Read More »

GM Canada to cut about 1,000 jobs at Oshawa plant

1:50 pm U.S. ET | April 30, 2015

GM will eliminate one shift at its Oshawa, Ontario, assembly plant in November, the company said today, cutting about 1,000 jobs as it makes production changes that were announced in 2012.... Read More »

Aluminum castings supplier Sakthi plans $31.9 million expansion in Detroit

1:09 pm U.S. ET | April 30, 2015

Aluminum castings supplier Sakthi Automotive Group USA is planning a $31.9 million expansion of its plant in Detroit.... Read More »

Ghosn's clash with French state comes to the boil

April 30, 2015 12:36 CET

The dispute between Renault CEO Carlos Ghosn and the French government was set to come to a head at the automaker's annual meeting today as the state moves to keep the automaker under French control. The government is nearly certain to win.... Read More »

GM to spend $5.4 billion on U.S. plant upgrades over 3 years

10:30 am U.S. ET | April 30, 2015

GM will invest $5.4 billion in upgrades to its U.S. manufacturing plants over the next three years, creating 650 new jobs. GM detailed only $783 million of the spending, including $520 million for new tooling and equipment at its Delta Township assembly plant in Lansing, Mich.... Read More »

BorgWarner Q1 net income rises 12.5% but revenue falls 4.8% on currency exchanges

11:32 am U.S. ET | April 30, 2015

BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion.... Read More »

COMMENTARY

Marchionne's proposal for Apple car deal isn't crazy

April 30, 2015 10:39 CET

Fiat Chrysler CEO Sergio Marchionne is open to an alliance with Apple or Google as he seeks a merger partner. Asked if he would be willing to take his consolidation proposal to the tech giants if rebuffed by other automakers, Marchionne told analysts it was possible.... Read More »

Marchionne's talk of industry mergers seen as 'panic'

April 30, 2015 10:59 CET

CEO Sergio Marchionne has been talking for months about merging Fiat Chrysler with a rival automaker, a sign that he's panicking at how much sales are growing while profit margins are dropping, some industry observers say.... Read More »

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