ManufacturingDaimler strengthens Ford ties with 3-cylinder engine projectMay 24, 2013 06:01 CET  Daimler strengthened ties with Ford after consulting with the U.S. automaker on its three-cylinder turbo gasoline engine, which it is building with Renault for the next Smart and Twingo cars. Daimler and Renault are already collaborating with Ford in the development of fuel cell vehicles.... Read More »
Lasorda, Penske launch venture fund for tech startups 1:00 pm U.S. ET | May 23, 2013  Tom LaSorda, the former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy, transportation, information technology, software and applications.... Read More »
Small BMW team rethought electric cars for huge citiesMay 23, 2013 06:01 CET  Nearly six years ago, BMW's Project i began to position the automaker for the future. Project i chief Ulrich Kranz explained how the idea of a carbon-body car for megacities emerged from his team.... Read More »
Nissan will recall 841,000 vehicles globally due to steering wheel glitchMay 23, 2013 09:44 CET  Nissan will recall about 841,000 vehicles worldwide, including UK-built Micra subcompacts, as a result of a steering wheel glitch that could result in a loss of steering. The automaker said no accidents have been reported.... 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 »
Gentex CFO leaves but will work with supplier as consultant 4:02 pm U.S. ET | May 22, 2013 Gentex, a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier.... Read More »
Ford, Chrysler to reduce summer shutdowns at most N.A. plants 12:01 am U.S. ET | May 22, 2013  Ford Motor and Chrysler Group said today they are scaling back annual summer production shutdowns this year in hopes of boosting output of key models in North America. General Motors declined to disclose specific summer plans.... Read More »
PSA will close r&d site to reduce spendingMay 22, 2013 09:49 CET  PSA will shut a French r&d facility as part of a program to reduce spending.... Read More »
Two Denso execs to plead guilty to price fixing, U.S. saysMay 22, 2013 06:01 CET Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said.... Read More »
Lutz's VL Automotive, Chinese supplier bid for Fisker, report saysMay 22, 2013 06:01 CET  A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters.... Read More »
Opel keeps Bochum logistics center open to fulfill contractMay 22, 2013 06:01 CET  Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, which makes the Zafira minivan, is scheduled to close by the end of 2014 after workers rejected a restructuring plan in March that would have extended manufacturing there for another two years.... Read More »
Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says 2:02 pm U.S. ET | May 21, 2013  A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »
Two Denso executives to plead guilty to price fixing, U.S. says 10:54 am U.S. ET | May 21, 2013  Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today.... Read More »
Ford to maintain Canadian factory footprint despite high labor costs 12:49 pm U.S. ET | May 21, 2013  Ford is confident it can preserve its manufacturing profile in Canada despite uncompetitive operating costs tied to the high Canadian dollar, the company's top executive in the country said today.... Read More »
Mercedes workers end strike in S. AfricaMay 21, 2013 10:00 CET  A two-day strike at Mercedes-Benz's East London car plant in South Africa ended following crisis talks between management and a workers union.... Read More »
Magneti Marelli expands China production of lighting componentsMay 21, 2013 09:15 CET  Magneti Marelli has opened a plant in the southern China city of Foshan to produce rear lights, headlamps and other lighting components. The company aims to secure a 10 percent share of China's lighting market in the midterm.... Read More »
Schaeffler confirms 2013 outlook, net debtMay 21, 2013 11:14 CET German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion).... Read More »
Infiniti: Raise quality, sales will follow 12:01 am U.S. ET | May 20, 2013  Infiniti President Johan de Nysschen, poached last summer from Audi, aims to push into new segments, restore profitability to Nissan's luxury marque and fix lackluster quality rankings. Nissan CEO Carlos Ghosn has ordered de Nysschen to make the brand a top-tier premium player and boost global sales to 500,000 by 2016 from just 170,000 last year.... Read More »
Ex-battery maker B456 wins court approval for bankruptcy plan 3:19 pm U.S. ET | May 20, 2013 B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.... Read More »
Italy's Sogefi said to sell $115 million bonds in U.S. private placementMay 20, 2013 08:49 CET  Italian supplier Sogefi sold $115 million in bonds to U.S. investors in a private placement and is planning to sell another 25 million-euro ($32 million) note, a person familiar with the transaction said.... Read More »
Continental names veteran exec Cramer as China headMay 20, 2013 11:38 CET  German supplier Continental has named veteran executive Ralf Cramer to head its operations in China, which it sees as the main driver of its growing business in Asia. The company says it gets around 18 percent of its sales from Asia and wants to increase this proportion to more than 30 percent.... Read More »
Magna opens body, chassis plant in China's ChongqingMay 20, 2013 09:36 CET  Magna's Cosma unit has opened a plant in southwest China to supply body and chassis parts to automakers in the area including Ford Motor Co. and Volkswagen.... Read More »
CARS & CONCEPTS NSX's electric motors will help handling 12:01 am U.S. ET | May 20, 2013  Technical details on the Acura NSX coming in 2015 are scarce, but large-project leader Ted Klaus offered a few nuggets last week as Honda officials announced that the sports car will be built in Ohio.... Read More »
CARS & CONCEPTS Sources: Chrysler plans high-hp Hellcat V-8 12:01 am U.S. ET | May 20, 2013 Chrysler Group is developing a supercharged Hemi V-8 with power approaching the 640 hp of the SRT Viper's V-10.... Read More »
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