Daily Email Wednesday

Takata plans to present restructuring plan to carmakers in May, report says

10:58 am U.S. ET | Feb. 3, 2016

Takata is preparing to present a restructuring plan to automakers in early May that will include an agreement on the sharing of recall costs, people familiar with the matter told Bloomberg.... Read More »

GM to launch first compact sedan in India as part of market share quest

6:30 am U.S. ET | Feb. 3, 2016

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade.... Read More »

Kia's Super Bowl campaign to draw on star power of Christopher Walken, social media influencers

12:01 am U.S. ET | Feb. 3, 2016

In Kia's Super Bowl 50 ad, the redesigned 2016 Optima is like the world's most exciting pair of socks. The spot is all about standing out from the pack as Kia hopes to do with the Optima in a midsize sedan segment that the automaker says is boring and basic.... Read More »

VW Group sends proposal to fix rigged 3.0-liter diesels to U.S., Calif. regulators

8:23 pm U.S. ET | Feb. 2, 2016

Under deadline Tuesday, Volkswagen Group of America submitted to U.S. and California regulators a draft plan to recall and repair thousands of 3.0-liter diesel vehicles containing illegal emissions software.... Read More »

Toyota recalls 320,000 vehicles for side airbag issue

5:30 pm U.S. ET | Feb. 2, 2016

Toyota today said it is recalling about 320,000 vehicles from the 2003-06 model years for an airbag-related defect. The recall affects the 2003-06 Toyota Land Cruiser, 2004-06 4Runner, 2005-06 Tundra, 2005-06 Sequoia, 2003-06 Lexus LX 470 and 2004-06 Lexus GX 470.... Read More »

JESSE SNYDER

BLOG: Despite a quirky January, industry is on the right path

5:11 pm U.S. ET | Feb. 2, 2016

Better run down to the local Asterisks R Us store and load up. The industry always wants January U.S. auto sales to foretell the year ahead, but it's a lousy month for soothsaying.... Read More »

Fiat Chrysler Q4 adjusted earnings jump 39% as demand booms for Jeep SUVs

6:01 am U.S. ET | Jan. 27, 2016

FCA today said its adjusted earnings rose 39 percent to 1.64 billion euros, or $1.78 billion, in the fourth quarter on continued record sales of its Jeep brand. The company said it posted fourth-quarter revenues of $33.65 billion, up 11 percent, including Ferrari.... Read More »

FCA tilts N.A. production plans to trucks, scales back Alfa ambitions

10:23 am U.S. ET | Jan. 27, 2016

A revised business plan released today by Fiat Chrysler Automobiles moves its profit-heavy Jeep and Ram brands into the passing lane, while tapping the brakes on efforts to build a full line of Alfa Romeos from scratch by 2018.... Read More »

Lexus recalls RX350, RX450h crossovers for airbag flaw

3:37 pm U.S. ET | Jan. 27, 2016

Toyota is recalling 6,000 new Lexus RX350 and RX450h crossovers from the 2016 model year to fix issues related to airbags.... Read More »

ZF TRW signs office lease for global electronics business

3:23 pm U.S. ET | Jan. 27, 2016

ZF TRW plans to open its global electronics headquarters in suburban Detroit by the end of the second quarter following a lease of a 171,000-square-foot office building.... Read More »

Snow put damper on January U.S. sales, but demand expected to rebound

2:23 pm U.S. ET | Jan. 27, 2016

Last weekend's big snowstorm took a big bite out of January's U.S. new-vehicle sales, but analysts and dealers said they expect demand to rebound in February and March, keeping the industry on track for a second consecutive record year.... Read More »

FCA to idle plant that makes Chrysler 200 for six weeks

1:58 pm U.S. ET | Jan. 27, 2016

Fiat Chrysler Automobiles said it will idle its plant in Sterling Heights, Mich., which makes the midsize Chrysler 200 sedan, for six weeks starting on Monday.... Read More »

FCA to pay UAW workers up to $4,000 in profit sharing

12:39 pm U.S. ET | Jan. 27, 2016

UAW-represented Fiat Chrysler workers will receive profit-sharing checks of as much as $4,000 this year, 45 percent more than in 2015, the company said today.... Read More »

HANS GREIMEL

BLOG: Suzuki shares surge on report of talks with Toyota

12:55 pm U.S. ET | Jan. 27, 2016

Suzuki shares surged on the Tokyo Stock Exchange today amid speculation the minicar specialist is seeking a new alliance partner after its acrimonious breakup with Volkswagen.... Read More »

HANNAH LUTZ

BLOG: Beware the pitfalls of digital ads

11:45 am U.S. ET | Jan. 27, 2016

The industrywide push to put much of the car buying and financing process online, including ads, is a good thing. But dealers should make sure that online ads don’t come back to haunt them.... Read More »

Ford CEO Fields joins IBM board as auto industry transforms

6:54 pm U.S. ET | Jan. 26, 2016

Ford Motor CEO Mark Fields is joining IBM's board of directors as the No. 2 U.S. automaker explores alternative mobility options beyond selling cars and trucks.... Read More »

Takata says 5.1 million more vehicles in U.S. have defective airbag inflators

5:15 pm U.S. ET | Jan. 26, 2016

Takata declared another 5.1 million U.S. vehicles defective as the company disclosed an 11th death could be linked to a faulty airbag, federal auto safety regulators said.... Read More »

GM ignition-switch plaintiff, accused of perjury, hires criminal-defense lawyer

3:24 pm U.S. ET | Jan. 20, 2016

The Oklahoma man whose lawsuit against General Motors over flawed ignition switches was the first to go to trial hired a criminal-defense attorney after the carmaker accused him of perjury and check fraud, the lawyer said.... Read More »

Nissan passes on Super Bowl 50 ads

5:43 pm U.S. ET | Jan. 20, 2016

One year after returning to NFL Super Bowl advertising for the first time in 18 years, Nissan is back off the field. The company said Wednesday that it has decided to skip Super Bowl 50.... Read More »

Obama takes one more Detroit victory lap

3:49 pm U.S. ET | Jan. 20, 2016

President Barack Obama, facing Republican criticism over the state of the economy, did another Detroit victory lap Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009.... Read More »

VW overhauls development process to prevent another diesel scandal

4:16 pm U.S. ET | Jan. 20, 2016

Volkswagen AG is changing the way it creates new models by giving developers more responsibility for overseeing a car from concept through the end of production to help prevent another diesel emissions scandal.... Read More »

BMW's next Z roadster spied

2:47 pm U.S. ET | Jan. 20, 2016

It has been three years since BMW and Toyota signed a product development partnership that's expected to spawn sports cars for BMW and Toyota. Spy photos have finally emerged of the BMW car -- a replacement for the Z4 roadster that could be called the Z5. Toyota is expected to revive the Supra nameplate with its variant.... Read More »

LARRY P. VELLEQUETTE

BLOG: Papa Uno hits the block

2:00 pm U.S. ET | Jan. 20, 2016

A Fiat 500L made famous by a high-profile user is going on the auction block for charity this month in Philadelphia.... Read More »

Ineligible non-Hispanic whites could get Ally cash, CFPB admits

12:45 pm U.S. ET | Jan. 20, 2016

The Consumer Financial Protection Bureau could be sending payments from Ally Financial's $80 million settlement fund to non-Hispanic white borrowers because of a potentially unreliable race identification method, the House Financial Services Committee said today.... Read More »

Kia's high-riding hybrid set for Chicago debut

2:31 pm U.S. ET | Jan. 20, 2016

Kia plans a Chicago Auto Show debut for the crossover-styled Niro that will be the brand's first dedicated hybrid model.... Read More »

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