Manufacturing

Porsche CEO says profits will be hit by EV investment

Feb. 9, 2016 11:02 CET

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said.... Read More »

Tesla shares dogged by falling gas prices, output concerns

4:49 pm U.S. ET | Feb. 8, 2016

Tesla shares fell to a two-year low amid concerns that cheap gasoline is stifling demand for electric cars as well as whether the company can efficiently produce enough of its new crossover.... Read More »

Conti must ration parts for recall fixes

12:01 am U.S. ET | Feb. 8, 2016

Continental is recalling five million airbag control units that affect vehicles made by companies including Volkswagen, Mazda, Mercedes-Benz, Honda and Fiat Chrysler. But the German parts-maker says its action is nothing like the Takata airbag recall that has roiled the industry.... Read More »

Ford plans to double Mexico vehicle production, report says

3:42 pm U.S. ET | Feb. 8, 2016

Ford plans to double vehicle production capacity in Mexico as the automaker focuses its U.S. assembly plants on more profitable pickups and utility vehicles, according to a report published Sunday.... Read More »

Mexico auto production, exports rise in Jan. despite sharp drops at VW

2:55 pm U.S. ET | Feb. 8, 2016

Auto production in Mexico rose 0.4 percent in January 2016 compared with the same month last year, while exports were up 4.1 percent, the Mexican Auto Industry Association said today.... Read More »

Emissions lies haunt VW as automaker faces tougher U.S. Justice Department

Feb. 8, 2016 14:18 CET

VW's emissions-cheating software has not directly been responsible for any deaths, yet the U.S. Justice Department may treat it more harshly than General Motors and Toyota, two automakers whose vehicles have killed people.... Read More »

PSA will pay Iran partner $446 million compensation for quitting market, report says

Feb. 8, 2016 11:28 CET

PSA will pay its Iran partner $446 million in compensation for losses incurred after it quit the country due to sanctions, the Iranian company told a local news agency.... Read More »

LUCA CIFERRI

BLOG: 'Autopia' future promoted by Google and Apple will hurt traditional carmakers

12:01 am U.S. ET | Feb. 8, 2016

Industry disrupters such as Google and Apple are better funded than their potential rivals from the automotive field. That could be bad news for traditional auto companies, an industry analyst said.... Read More »

N.A., Takata, currency sway Japanese earnings

12:01 am U.S. ET | Feb. 8, 2016

Better business in North America helped Subaru, Mazda and Mitsubishi in the October-December quarter. But spiraling costs for the recalls of Takata airbags tempered earnings, and foreign exchange rates were a double-edged sword.... Read More »

Dual-sourcing dilemma hits Japan again

12:01 am U.S. ET | Feb. 8, 2016

Toyota is suspending production at all assembly lines in Japan because of an explosion at a steel plant. The six-day shutdown raises questions as to whether Toyota learned, as it claimed after Japan's 2011 earthquake, the value of dual sourcing all components.... Read More »

Texas dealer tunes into aftermarket audio

12:01 am U.S. ET | Feb. 8, 2016

Huffines Chrysler-Jeep-Dodge-Ram Lewisville in suburban Dallas last year took a shot at selling specialized aftermarket audio accessories and has amped up profits as a result.... Read More »

Dealers pay high price with latest recall wave

11:55 am U.S. ET | Feb. 7, 2016

Honda's order that U.S. dealers stop selling some 2.2 million popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous airbags or other safety defects.... Read More »

BMW's laser headlights showcase Osram's mass-market goals

Feb. 6, 2016 06:15 CET

German supplier Osram is equipping BMW 7-series sedans with laser headlight modules, marking a move to the mass-market for the technology, which is already available on BMW's i8 plug-in hybrid suprcar and Audi's R8 LMX sports car.... Read More »

UAW was unprepared for social media influence on talks, Williams says

2:50 pm U.S. ET | Feb. 5, 2016

UAW President Dennis Williams said the union took away several lessons from its rocky 2015 negotiations with Detroit automakers -- chief among them being the influence of social media on members.... Read More »

Chrissy Taylor named Enterprise COO

1:45 pm U.S. ET | Feb. 5, 2016

Christine "Chrissy" Taylor has been promoted to Enterprise Holdings Inc.'s COO, the company said today.... Read More »

Toyota recycling program gives second life to parts

12:40 pm U.S. ET | Feb. 5, 2016

One automaker’s junk is becoming one of its treasures. Toyota Motor Sales, along with Boles Parts Supply, takes bumper covers and recycles them in the form of shredding.... Read More »

Mahindra mulls Pininfarina-designed premium car

Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market.... Read More »

Takata posts quarterly profit gain as airbag recalls mount

6:54 am U.S. ET | Feb. 5, 2016

Takata reported quarterly profit rose from a year earlier, as it seeks to convince automakers including Honda to continue to support it through expanding recalls.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector ends 2015 on a high

Feb. 5, 2016 06:01 CET

The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.... Read More »

PSA plans to cut 850 jobs at French factory, report says

Feb. 5, 2016 11:04 CET

PSA/Peugeot-Citroen plans to cut the night shift and 850 jobs at its Poissy factory near Paris to adapt to lower output levels as production of the Citroen C3 is moved to Slovakia next year, Reuters reported.... Read More »

GM worker dies at Ohio plant; U.S. investigating

12:06 pm U.S. ET | Feb. 4, 2016

Federal authorities are investigating the death of a General Motors worker at its Defiance, Ohio, casting operations plant this week.... Read More »

Honda will recall 341,000 Accord sedans in U.S. over restraint system

7:09 am U.S. ET | Feb. 4, 2016

Honda said it will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units.... Read More »

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations.... Read More »

Brazil wants to lift Mexico, Argentina trade caps as auto crisis deepens

3:44 pm U.S. ET | Feb. 4, 2016

Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the automotive industry had its worst January in a dozen years.... Read More »

Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis.... Read More »

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