Automakers and Suppliers

Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business.... Read More »

 

AutoNews Now: A strike against 'two-tier'

12:01 am U.S. ET | Sept. 16, 2014
Lear-UAW deal may foreshadow fate of pay plan; Report cites NHTSA's 'tragic' failure in GM case; Opel hits reset in Russia.... Read More »

 

THE GM RECALL

NHTSA chief, before blistering Senate panel, admits 'we need to improve'

5:39 pm U.S. ET | Sept. 16, 2014
The head of the National Highway Traffic Safety Administration today insisted that his agency lacked enough information to force a recall of faulty General Motors ignition switches before this year, but under heavy criticism from members of a Senate subcommittee he admitted that regulators could have done better.... Read More »

 

THE GM RECALL

NHTSA boss says GM made 'incredibly poor decisions' on recalls

7:52 am U.S. ET | Sept. 16, 2014
The top U.S. auto safety regulator harshly criticized GM for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls.... Read More »

 

THE GM RECALL

House report, citing 'critical mistakes,' blasts NHTSA

11:41 am U.S. ET | Sept. 16, 2014
Federal auto safety regulators failed to detect GM's defective ignition switches despite having “ample information” about the problem as early as 2007, according to a House committee investigation into the GM recalls and NHTSA released today.... Read More »

 

Captives likely to get CFPB oversight

4:35 pm U.S. ET | Sept. 16, 2014
The Consumer Financial Protection Bureau is expected to issue an important new rule on Thursday defining which nonbank lenders -- including captive finance companies -- will be considered “larger participants” and thus subject to CFPB regulation.... Read More »

 

Toyota FT-1 gets the souped-up 'Gran Turismo' treatment for video game

3:02 pm U.S. ET | Sept. 16, 2014
Toyota has joined the “Gran Turismo” parade of video game racers with a beefier version of its FT-1 concept. “The design brief of this car was very simple: Take the FT-1 concept car and turn it into the most kickass, badass, super racecar you can imagine,” said Kevin Hunter, president of Toyota's Calty Design Research, during the car's video unveiling.... Read More »

 

Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets.... Read More »

 

GM adding 3rd shift to Chevy Colorado, GMC Canyon plant in Missouri

12:00 pm U.S. ET | Sept. 16, 2014
GM will add a third production shift at a Missouri assembly plant where its new midsize pickups and commercial vans are made. GM last week started output of the redesigned 2015 Chevrolet Colorado and GMC Canyon at the factory after a two-year hiatus for the trucks.... Read More »

 

Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today.... Read More »

 

Marchionne says Fiat Chrysler will bypass Wall Street road show

11:21 am U.S. ET | Sept. 16, 2014
Fiat Chrysler CEO Sergio Marchionne said he doesn't plan to hold a road show for investors before listing shares of the combined car company in New York next month.... Read More »

 

ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET
ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said.... Read More »

 

Toyota pauses on Mexico expansion to review growth strategy, report says

10:15 am U.S. ET | Sept. 16, 2014
Toyota is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said.... Read More »

 

Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET
Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars.... Read More »

 

Opel shakes up Russia operations

Sept. 16, 2014 09:30 CET
Opel will reorganize its Russian operations in response to difficult market conditions amid the crisis over Ukraine. The GM subsidiary will reduce output at its St. Petersburg plant to one shift.... Read More »

 

VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013.... Read More »

 

Bosch benefits as new ZF-TRW combo enters driverless car fray

6:51 am U.S. ET | Sept. 16, 2014
Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position.... Read More »

 

2014 Eurostar winner Ralf Speth

Sept. 16, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars rose above the rest by pushing their companies to new heights. Jaguar Land Rover CEO Ralf Speth is this year's winner for Brand CEO.... Read More »

 

Edmunds: U.S. sales to stay strong

12:01 am U.S. ET | Sept. 15, 2014
The surge in U.S. light-vehicle sales last month could help lift this year's volume above levels last seen in 2006, Edmunds.com analysts said.... Read More »

 

Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent.... Read More »

 

UAW deal with Lear would shed two-tier wages at Ind. plant

10:16 pm U.S. ET | Sept. 15, 2014
The agreement that ended a one-day strike at a Lear seat plant supplying Ford in Chicago would get rid of a wage structure that pays new-hires less than their veteran colleagues, a union official said.... Read More »

 

Cadillac's new chief vows no retreat on pricing strategy

4:30 pm U.S. ET | Sept. 15, 2014
Cadillac has no plans to back off its sharply higher sticker prices or sweeten incentives to improve slumping U.S. sales, new brand chief Johan de Nysschen said. De Nysschen, who arrived at GM in August after stints at Infiniti and Audi, said in an interview today that Cadillac must be willing to forgo some traditional buyers as it works to attract the higher-end clientele it's now courting with a revitalized lineup.... Read More »

 

ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion).... Read More »

 

Ford will debut new S-Max at Paris show

Sept. 15, 2014 17:28 CET
Ford will debut the new S-Max at the Paris auto show on Oct. 2 ahead of the minivan's sales launch in Europe next summer.... Read More »

 

Feinberg team approves 19 death claims in GM ignition switch case

11:15 am U.S. ET | Sept. 15, 2014
The independent lawyer overseeing GM's program to compensate victims of accidents that involved defective ignition switches has approved claims for 19 deaths, at least six more fatalities than GM has officially linked to the faulty part. The approved claims are now awaiting a decision on payment amounts.... Read More »

 

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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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