Manufacturing

Hitachi Metals to plead guilty, pay $1.25 million U.S. fine for fixing parts prices sold to Toyota

2:17 pm U.S. ET | Oct. 31, 2014
Hitachi Metals will pay a $1.25 million fine and plead guilty for fixing prices and rigging bids of brake hose installed in cars in the United States, the U.S. Justice Department said Friday.... Read More »

 

Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity.... Read More »

 

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014
Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues.... Read More »

 

Daimler to buy 25% of Italian motorbike maker MV Agusta

Oct. 31, 2014 16:04 CET
Daimler will buy a 25 percent stake in Italian motorcycle manufacturer MV Agusta as part of a long-term cooperation that gives the German car and truck maker access to lightweight three-cylinder engines.... Read More »

 

Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014
Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue.... Read More »

 

Takata airbag recalls should include newer cars, watchdog says

8:32 am U.S. ET | Oct. 31, 2014
A watchdog group has asked federal regulators to broaden a defect investigation of Takata airbags to include more vehicles and to see whether replacements used in recalled vehicles are safe.... Read More »

 

Headlight maker Hella to raise 278 million euros in IPO

Oct. 31, 2014 13:16 CET
Family-owned German headlight maker Hella said today it would raise 278 million euros ($349.4 million) in a stock market flotation to fund international expansion and innovation.... Read More »

 

Honda, Takata sued in California for airbag-related recalls

8:06 am U.S. ET | Oct. 31, 2014
Honda and airbag supplier Takata were sued by a driver seeking damages on behalf of the owners of 5 million Honda and Acura models recalled so far in the United States to replace potentially unsafe airbags.... Read More »

 

Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.... Read More »

 

Mercedes, VW to put brakes on Google's in-car data inroads

Oct. 31, 2014 10:43 CET
VW Group and Mercedes called on fellow automakers to establish separate platforms for data on vehicle use to avoid handing over sensitive customer information to Google.... Read More »

 

Takata taps rivals to help build replacement inflators

6:06 pm U.S. ET | Oct. 30, 2014
Takata, under pressure from federal regulators, has asked rival suppliers if they can help produce replacement inflators for the company's airbag customers.... Read More »

 

NHTSA orders Takata to produce documents related to airbag probe

1:47 pm U.S. ET | Oct. 30, 2014
Federal safety regulators today ordered Japanese supplier Takata to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata airbags in millions of vehicles.... Read More »

 

BMW, others bet on Brazil but benefits trail Mexico

Oct. 30, 2014 16:18 CET
BMW is among a group of carmakers investing in Brazil as a growing middle class fuels a surge in car sales, but high costs, poor infrastructure and few trade agreements mean Brazil can't compete with rival Mexico.... Read More »

 

Ram chief says consumers aren't clamoring for aluminum pickup

5:58 pm U.S. ET | Oct. 30, 2014
Bob Hegbloom, chief of the Ram brand, isn't buying the buzz that the lightweight aluminum body of the upcoming 2015 F-150 pickup will give Ford a significant advantage.... Read More »

 

Jaguar Land Rover opens $750 million engine plant

4:12 pm U.S. ET | Oct. 30, 2014
Jaguar Land Rover moved another step closer today to gaining greater control of its destiny with the opening of its $750 million engine plant near Wolverhampton in the U.K.... Read More »

 

Airbag investigators focus on metal shards sprayed at crashes

6:56 am U.S. ET | Oct. 30, 2014
More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them. Takata, which accounts for about a quarter of all airbag inflators produced globally, is finding it far more difficult to silence safety questions.... Read More »

 

Detroit Manufacturing Systems to hire 200 workers to support new F-150

3:25 pm U.S. ET | Oct. 30, 2014
Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January 2015 to support production growth of the Ford F-150 truck.... Read More »

 

BorgWarner posts flat net income for Q3 after one-time charges

2:15 pm U.S. ET | Oct. 30, 2014
BorgWarner reported today a 13 percent increase in revenue and flat net income for the third quarter after one-time charges.... Read More »

 

Lawyers urge U.S. judge to move quickly in Takata airbags case

1:19 pm U.S. ET | Oct. 30, 2014
Lawyers for consumers in the United States asked a federal judge in Miami today to speed up a class action lawsuit against Japanese auto parts maker Takata and four automakers, saying that public safety was at stake over defective airbags.... Read More »

 

Tower International reports higher Q3 profits on improved sales in Americas

10:19 am U.S. ET | Oct. 30, 2014
Tower International today reported improved earnings in the third quarter due to improved sales in the Americas.... Read More »

 

Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill.... Read More »

 

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

9:30 am U.S. ET | Oct. 30, 2014
Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.... Read More »

 

NHTSA steps up inquiry into defective Takata airbags

7:39 pm U.S. ET | Oct. 29, 2014
More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs.In letters today to 10 automakers, the National Highway Traffic Safety Administration asked for details about how the companies are reaching nearly 8 million affected consumers and what is being done for people who are afraid to drive their cars.... Read More »

 

Captives see big rise in leases

7:10 am U.S. ET | Oct. 29, 2014
Leases accounted for almost half of GM Financial originations in the United States and Canada in the quarter. That's a big increase for the GM captive finance company and part of an industry trend that carried leasing to new highs. Last week, Ford Motor Credit Co. also reported an increase in leasing during third quarter.... Read More »

 

Honda says quarterly North American operating profit drops 14%

10:01 am U.S. ET | Oct. 28, 2014
Falling sales and hefty incentives undercut North American profit at Honda in the latest quarter, as the automaker trimmed its full-year sales and profit outlooks.... Read More »

 

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Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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