OEM Coverage

NHTSA apologizes for mishandling Takata airbag recall information

10:22 pm U.S. ET | Oct. 22, 2014
The National Highway Traffic Safety Administration's top official apologized late Wednesday for publishing inaccurate information in its Monday warning about defective Takata airbags that may explode and for technical glitches that made its recall search page unavailable for much of the week.... Read More »

 

U.S. prosecutors probe Takata over recalls

6:00 pm U.S. ET | Oct. 22, 2014
The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls.... Read More »

 

GABE NELSON

Three factors in Daimler's $780M sale of Tesla stock

8:39 pm U.S. ET | Oct. 22, 2014
When Mercedes-Benz parent Daimler disclosed it had sold its 4 percent stake in Tesla Motors for a handsome $780 million, people naturally rushed for a simple explanation.... Read More »

 

UAW eyes bargaining rights at VW's Tenn. plant within a year

8:05 pm U.S. ET | Oct. 22, 2014
The UAW hopes to be recognized as the exclusive bargaining agent for workers at Volkswagen's assembly plant in Chattanooga within a year, union President Dennis Williams said Wednesday.... Read More »

 

Toyota says potential Mexico plant still far from approval

4:05 pm U.S. ET | Oct. 22, 2014
Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management.... Read More »

 

List of 7.8 million vehicles involved in the Takata airbag recalls

6:50 am U.S. ET | Oct. 22, 2014
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration.... Read More »

 

BMW to lower mpg ratings on 4 Mini Cooper models

11:57 am U.S. ET | Oct. 22, 2014
BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today. The EPA completed a fuel economy audit on the Mini Cooper and found actual mpg lower than the figures BMW submitted for certification, a statement said.... Read More »

 

Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent.... Read More »

 

Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg.... Read More »

 

Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

8:38 am U.S. ET | Oct. 22, 2014
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs.... Read More »

 

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million.... Read More »

 

CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million in cash or about a half billion euros.... Read More »

 

Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company.... Read More »

 

PSA's third-quarter auto revenue drops despite pricing push

Oct. 22, 2014 08:43 CET
PSA/Peugeot-Citroen's group revenue rose 1.6 percent in the third quarter, but a push to raise pricing failed to deliver higher revenue at its manufacturing arm. The company raised its full-year car-market forecast for Europe.... Read More »

 

Fiat's Wall Street trading is flat as Milan dominates

Oct. 22, 2014 11:58 CET
Fiat Chrysler Automobiles has had a flat reception on the New York Stock Exchange after its debut there last week. European trading in Milan is currently about 7 times that of Wall Street, despite FCA shifting its primary listing to the U.S.... Read More »

 

Daimler's surprise sale of Tesla stake fuels rivalry speculation

Oct. 22, 2014 12:28 CET
Daimler's decision to sell its 4 percent stake in Tesla Motors surprised investors and fueled speculation of a growing rivalry in the increasingly competitive electric car market.... Read More »

 

GM will warn some Saab, Pontiac owners not to allow front passengers

Oct. 22, 2014 12:47 CET
General Motors will warn some owners of Saab 9-2X and Pontiac Vibe hatchbacks in the U.S. not to allow front-seat passengers until defective air bags are replaced as part of a wider recall that involves 6.1 million cars.... Read More »

 

EU says Honeywell, DuPont car refrigerant deal may be illegal

Oct. 22, 2014 10:51 CET
The EU says auto supplier Honeywell's joint venture with chemicals company DuPont to produce an air conditioning refrigerant for cars may be anti-competitive as the deal may have blocked rivals keen to participate in the chemical's development.... Read More »

 

Toyota executive backs Takata’s handling of airbag crisis

6:39 am U.S. ET | Oct. 22, 2014
A top Toyota executive offered support for how airbag maker Takata is handling a safety crisis affecting millions of vehicles, days after expanding its own recalls for the second time in four months.... Read More »

 

NHTSA expands faulty airbag warning to 7.8 million vehicles

9:31 am U.S. ET | Oct. 21, 2014
Auto safety regulators, for the second time late Tuesday, expanded their warning to owners of vehicles recalled for defective Takata airbags, urging them to get the airbags replaced. But the federal website created to help consumers to verify whether their vehicle has been recalled was unavailable for most of the day, and was still down as of mid-morning Wednesday.... Read More »

 

Auto industry forming consortium to fight hackers

10:01 pm U.S. ET | Oct. 21, 2014
Automakers are forming a consortium to deter hackers who might try to breach a vehicle's security system -- an effort that has gotten the blessing of federal regulators.... Read More »

 

GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit.... Read More »

 

Daimler earns $780 million windfall from sale of Tesla stake

Oct. 21, 2014 23:42 CET
Daimler said it would book a $780 million windfall from selling its 4 percent stake in electric car maker Tesla. The company said it will continue sourcing powertrain for the Mercedes B-Class Electric Drive from Tesla... Read More »

 

NHTSA website search function crashes as drivers look for airbag recalls

4:10 pm U.S. ET | Oct. 21, 2014
The website federal safety regulators are urging 4.7 million people to check to see if their cars have defective airbags couldn't be fully accessed today.... Read More »

 

Daimler sees $780 million windfall from sale of Tesla stake

5:18 pm U.S. ET | Oct. 21, 2014
Daimler AG said it will book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors.... Read More »

 

Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
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