Manufacturing

Hyundai's Q2 profit falls 7 percent on currency strength, weak global demand

July 24, 2014 11:34 CET
Hyundai said second-quarter net profit fell 7 percent as a strong won, weakening global sales and incentives in the U.S. market, all took their toll on earnings. To combat a strong currency, the automaker said it will now consider adding production capacity overseas.... Read More »

 

UK car production boosted by new models in first half

July 24, 2014 10:41 CET
UK car production grew by 3.5 percent in the first six months thanks to new models, but the Society of Motor Manufacturers and Traders warned that further growth must be backed by bolstering the UK's parts supply chain.... Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations.... Read More »

 

THE GM RECALL

GM recalls 717,950 vehicles, pushing year's recall tally to 60

2:07 pm U.S. ET | July 23, 2014
General Motors is recalling another 717,950 vehicles in the United States, mostly 2010-12 model year cars and crossovers, lifting its total for the year to a record 60 safety campaigns covering around 29 million vehicles globally.... Read More »

 

DAVE GUILFORD

Maybe the EPA should just hire Consumer Reports for mpg ratings

10:10 am U.S. ET | July 23, 2014
Maybe the federal government should adopt Consumer Reports as a model for fuel economy testing. Or just outsource the task to the magazine.... Read More »

 

Brakes supplier Brembo to build new U.S. plant

July 23, 2014 12:05 CET
Italian brakes manufacturer Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on the continued strength of the country's automotive sector.... Read More »

 

Brembo to invest nearly $100M in new Michigan foundry, expand capacity

6:54 am U.S. ET | July 23, 2014
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector.... Read More »

 

Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET
Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market.... Read More »

 

GM to invest $800 million to renovate operations, add 1,750 jobs in Michigan

6:07 pm U.S. ET | July 22, 2014
GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs. The company will also add 1,750 jobs in the state after consolidating various engineering functions outside Michigan to a site in Michigan, the state said Tuesday in enhancing economic development incentives for the automaker.... Read More »

 

Kia in talks to open $1.5 billion Mexico assembly plant, report says

6:52 pm U.S. ET | July 22, 2014
Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters. The factory, which sources say will have an annual capacity of some 300,000 cars, would be built on the northeastern fringe of the city of Monterrey.... Read More »

 

Targeted digital video ads deliver preferred car colors

12:01 am U.S. ET | July 22, 2014
A New York company that creates personalized online video ads is harnessing the power of the palette. Say, for instance, a car shopper builds a shiny red SUV in an automaker's online configurator. Eyeview says its technology can deliver an online video advertisement of that shiny red SUV directly to that customer.... Read More »

 

New F-150's fuel economy will improve, but can it best Ram 1500?

2:50 pm U.S. ET | July 22, 2014
Ford's new aluminum-bodied 2015 F-150 pickup coming this fall might not be able to beat Chrysler Group's Ram 1500 and claim best-in-class fuel economy.... Read More »

 

Chrysler recalls older Jeep Commanders and Grand Cherokees for ignition switch

4:15 pm U.S. ET | July 22, 2014
Chrysler Group will recall as many as 792,300 2006-07 Jeep Commanders and 2005-06 Jeep Grand Cherokees globally to fix ignition switches that could be knocked out of the “on” position, causing a stall and possible loss of power to the airbags. Engineers are still developing a fix, and the company says it is initiating a recall “out of an abundance of caution.”... Read More »

 

Lockheed exec Washington succeeds Mascarenas as Ford's chief technical officer

1:10 pm U.S. ET | July 22, 2014
Ford has hired Lockheed executive Ken Washington as chief technical officer and vice president of research and advanced engineering, effective August 18, in a series of changes to the company's leadership team. He succeeds Paul Mascarenas, 53, who will retire after 32 years at Ford, effective October 1.... Read More »

 

Metals and plastics company NN to buy supplier Autocam in $300 million deal

11:23 am U.S. ET | July 22, 2014
A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam in a deal valued at $300 million.... Read More »

 

Former Ford digital exec Monty joins PR and social media firm

9:16 am U.S. ET | July 22, 2014
Scott Monty, Ford's former social media chief who left the automaker two months ago, is joining Shift Communications, a public relations and social media agency with offices in Boston, San Francisco and New York.... Read More »

 

Osram provides BMW i8's laser lights

12:01 am U.S. ET | July 22, 2014
Osram provides the headlamps for the optional laser high beams on the BMW i8 plug-in hybrid supercar. BMW says the i8's laser lights use half the energy of light-emitting diode headlamps.... Read More »

 

Germany's Rheinmetall forms new JV with China's Hasco

July 22, 2014 13:16 CET
Rheinmetall will shift a unit making aluminum engine blocks to a joint venture with China's Hasco to help finance growth at its automotive business, the German company said.... Read More »

 

BRADFORD WERNLE

Gobsmacked by Nick Scheele's kindness

5:34 pm U.S. ET | July 21, 2014
I'll never forget the day Nick Scheele helped me clean the fresh paint off my suit.... Read More »

 

Tesla idles California plant to retool for electric SUVs

3:37 pm U.S. ET | July 21, 2014
Tesla Motors today halted production at its sole assembly plant for the first time for a revamp the company said is necessary to speed Model S output and prepare it to make electric crossovers.... Read More »

 

Russia's Severstal sells U.S. steel plants to AK Steel, Steel Dynamics

8:48 am U.S. ET | July 21, 2014
Russia's Severstal said it agreed to sell its two steel plants in the United States for $2.3 billion, withdrawing from the market at a time of rising tension between Russia and the West and turning its focus to its domestic business.... Read More »

 

THE SUPPLIER SPEAKS

American Axle's push to diversify drives growth

12:01 am U.S. ET | July 21, 2014
CEO David Dauch continues his father's quest to diversify American Axle & Manufacturing Inc.... Read More »

 

Volvo, ABB to develop fast-charging buses

7:22 am U.S. ET | July 21, 2014
Swiss engineering group ABB and Volvo said they were setting up a global partnership to co-develop and commercialize electric and hybrid buses with fast-charging systems.... Read More »

 

Why refresh Expedition? For Texans, Saudis

12:01 am U.S. ET | July 21, 2014
The Ford Expedition, the last full-sized, truck-based, body-on-frame SUV in Ford's lineup, is getting a new look, a new engine and a load of new technology for the 2015 model year.... Read More »

 

Nissan needs to be in the fast lane on self-driving tech, Ghosn says

12:01 am U.S. ET | July 21, 2014
Nissan Motor Corp. CEO Carlos Ghosn, who last year pledged to have self-driving cars ready by 2020, readily admits that the technology is a "long way from commercial reality" and a "regulatory minefield." That is exactly why he wants to hit the technology hard and fast right now.... Read More »

 

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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