Manufacturing

Honda in talks with other suppliers for Takata airbag fix, report says

7:45 am U.S. ET | Nov. 22, 2014
Honda is in talks with two airbag suppliers to help it stock replacement parts for defective Takata Corp. airbags, The Wall Street Journal reported on Friday, citing people aware of the planning.... Read More »

 

Ford stamping plant operations suspended after Buffalo snowstorms

5:00 pm U.S. ET | Nov. 21, 2014
After lake-effect snowstorms this week pounded upstate New York, Ford's Buffalo Stamping Plant has suspended operations until employees are able to travel to work.... Read More »

 

Ford says aluminum-bodied F-150's fuel economy rises up to 29%

12:35 pm U.S. ET | Nov. 21, 2014
Ford said its aluminum-bodied F-150 pickup will get as much as 29 percent better fuel economy than its mostly steel predecessor as the automaker gambles with a new design for its top-selling and most profitable model.... Read More »

 

Takata exec warns about ability to fix deadly airbag flaw

6:46 am U.S. ET | Nov. 21, 2014
An executive from Japan's Takata told lawmakers on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly airbags, but said it may not be able to move quickly enough.... Read More »

 

Wilbur Ross steps down as chairman of IAC to take bank board spot

4:14 pm U.S. ET | Nov. 21, 2014
Wilbur Ross, the billionaire turnaround artist who launched International Components Group in 2006, is stepping down as IAC’s board chairman to take a senior position at the Bank of Cyprus.... Read More »

 

Retired Ford exec Mascarenas joins ON Semiconductor's board

3:46 pm U.S. ET | Nov. 21, 2014
Retired Ford chief technical officer Paul Mascarenas has joined ON Semiconductor's board of directors. Mascarenas, 53, also joined the semiconductor supplier’s science and technology committee, the company said Thursday.... Read More »

 

Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting.... Read More »

 

HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?... Read More »

 

German builder of crash-test facilities forms China unit

Nov. 21, 2014 06:01 CET
Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade.... Read More »

 

Suzuki plant in Hungary will return to double shifts ahead of Vitara launch, report says

Nov. 21, 2014 06:01 CET
Suzuki will return to two-shift production at its plant in Hungary as it prepares to launch the new Vitara subcompact crossover, a report said.... Read More »

 

NEAL BOUDETTE

Apple's CarPlay goes missing in L.A. and in the showroom

11:09 am U.S. ET | Nov. 20, 2014
Tech giants Apple and Google have generated a lot of hype over the past 12 months over their plans to tightly integrate their smartphones and app technology with in-car infotainment systems.... Read More »

 

BMW may need to boost i8 output to cut waiting time

Nov. 20, 2014 18:26 CET
BMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said.... Read More »

 

Honda admits failures in Takata airbag fiasco

2:36 pm U.S. ET | Nov. 20, 2014
A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. He also acknowledged that the automaker still doesn't know for sure the extent of the problem but said it is working to find out and to make repairs as quickly as possible.... Read More »

 

Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired.... Read More »

 

Millions of cars need airbag fix as Senate grills auto industry

6:37 am U.S. ET | Nov. 20, 2014
The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis.... Read More »

 

THE GM RECALL

GM sued by Arizona on claims it hid safety defects

6:59 am U.S. ET | Nov. 20, 2014
Arizona filed a lawsuit against General Motors, claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls. Arizona was seeking an estimated $3 billion from GM, the New York Times reported.... Read More »

 

GM names Stephen Carlisle to head Canada unit

3:51 pm U.S. ET | Nov. 20, 2014
General Motors today named Stephen Carlisle the new president and managing director for GM Canada as the company’s current chief for Canada, Kevin Williams, prepares for retirement at year's end.... Read More »

 

U.S. lawmakers plan bill to encourage auto employees to report faulty parts

10:25 am U.S. ET | Nov. 20, 2014
Two US senators plan to introduce legislation today to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said.... Read More »

 

NHTSA's decision to decline Takata documents spurs criticism

10:53 am U.S. ET | Nov. 20, 2014
Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just closed its investigation.... Read More »

 

REUTERS SPECIAL REPORT

Takata airbag plant in Mexico with troubled past at center of probe

9:07 am U.S. ET | Nov. 20, 2014
Takata's plant in Ciudad Frontera, Mexico, has been confirmed as the source of defective airbags made in 2001 and 2002 and again around 2012, Reuters reported today, citing information from recall records, automakers and regulators. In 2006, the factory blew up -- driving home for workers and residents the volatility and risk of the explosive compound at the core of Takata's airbags.... Read More »

 

Mobileye, maker of collision-avoidance tech, reports 70% revenue hike for Q3

3:06 pm U.S. ET | Nov. 20, 2014
Mobileye, which produces collision-avoidance technology, reported a 70 percent rise in revenue but posted a net loss for the third quarter.... Read More »

 

DAVE GUILFORD

Ghosn sets the record straight on price-fixing conspiracy

12:53 pm U.S. ET | Nov. 20, 2014
In our package of stories on supplier price-fixing published Monday, one report said Carlos Ghosn inadvertently created the bid-rigging tradition. It was an intriguing scenario. But Carlos Ghosn begs to differ.... Read More »

 

UK car production likely to miss full-year target on weak overseas demand

Nov. 20, 2014 12:09 CET
UK car production is unlikely to hit a full-year goal of 1.59 million as demand from key western European markets and Russia continues to fall, the SMMT industry association said.... Read More »

 

TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch.... Read More »

 

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.... Read More »

 

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