Magna's Q1 profit rises on increased vehicle production, Getrag acquisition

Canadian auto supplier Magna International today reported an 8 percent rise in first-quarter profit, helped by an higher vehicle production in North America and Europe along with the completion of a major acquisition.

Automakers, states urge White House to reject plan to open spectrum

A group of more than 50 automakers, state transportation agencies and other groups today urged the White House and other federal policymakers not to immediately open a portion of the wireless spectrum reserved for connected vehicles.

Takata sets aside additional $189 million to cover airbag recall costs

Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety

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