Daily Email Friday

Tower International posts Q4 gain in adjusted earnings

4:07 pm U.S. ET | Feb. 13, 2015
Tower International, a structural metal components and assemblies supplier, on Thursday reported a gain in adjusted earnings but a net loss overall for the fourth quarter. The company said adjusted earnings before taxes and other expenses rose 12 percent in the quarter to $55 million.... Read More »

 

Honda cuts production, Toyota airlifts parts amid West Coast port labor strife

11:45 am U.S. ET | Feb. 13, 2015
Honda and Toyota plan to cut back production or adjust overtime at several North American plants because of labor disputes that have snarled shipments at 29 ports on the West Coast. Honda, starting Monday, will reduce production at plants in Ohio, Indiana and Ontario.... Read More »

 

TRW says adjusted Q4 profits rose 26%

9:24 am U.S. ET | Feb. 13, 2015
TRW Automotive Holdings, which is being acquired by German supplier ZF Friedrichshafen AG, today said fourth-quarter adjusted earnings grew 26 percent from last year.... Read More »

 

NICK BUNKLEY

Why you can't blame only GM for the Year of the Recall

10:31 am U.S. ET | Feb. 13, 2015
Don't blame General Motors for the Year of the Recall. At least not entirely. Sure, GM started it.... Read More »

 

Honda withdraws 2017 global sales target amid quality concerns

7:39 am U.S. ET | Feb. 13, 2015
Honda said it has scrapped its target of selling 6 million vehicles annually by 2017 because the pressure to reach the objective contributed to the quality lapses that led to record recalls last year.... Read More »

 

NEWS ANALYSIS

GM faces investor demand for slice of $25 billion cash hoard

8:34 pm U.S. ET | Feb. 12, 2015
An investor group demand that General Motors give back more of its $25 billion cash hoard confronts CEO Mary Barra with a challenge to her plans for building the company and rewarding shareholders.... Read More »

 

Mitsubishi said to be in talks with Nissan for midsize sedan

10:07 am U.S. ET | Feb. 6, 2015
After dumping Renault as a possible partner for small- and midsize sedans, Mitsubishi has entered talks with Nissan as an alternative source for a badly needed midsize vehicle. A deal would help beleaguered Mitsubishi plug a hole in a sparse lineup that is hurt by an aging compact Lancer sedan and the discontinuation of the larger midsize Galant.... Read More »

 

Toledo mayor, a Jeep champion, dies following cardiac arrest

3:29 pm U.S. ET | Feb. 6, 2015
Toledo, Ohio, Mayor Michael Collins -- a leading champion to keep Jeep Wrangler production in the city -- died Friday. The first-term mayor had been stewarding the city's bid to keep production of the Jeep Wrangler at Fiat Chrysler's Toledo Assembly Complex.... Read More »

 

Takata, automakers to face airbag product-liability cases in Florida court

1:33 pm U.S. ET | Feb. 6, 2015
A court case consolidating dozens of potential class-action lawsuits against Takata and some automakers for defective airbags will go forward in Florida, not elsewhere, as the embattled supplier and some automakers had hoped.... Read More »

 

U.S. auto exports hit record in 2014

3:02 pm U.S. ET | Feb. 6, 2015
U.S. exports of automotive parts and vehicles soared 4.5 percent to $159.5 billion in 2014, breaking a record for the fourth straight year.... Read More »

 

Mexico auto exports forecast to hit record in 2015

12:34 am U.S. ET | Feb. 6, 2015
Mexican vehicle exports are expected to rise to a record 2.9 million in 2015, with more than 70 percent of the cars and light trucks headed to the U.S., the Mexican Automobile Industry Association says. December exports alone were up 21 percent over the previous year, to 195,091.... Read More »

 

UAW will create $354.5 million VEBA for staff retirees to settle suit

1:02 pm U.S. ET | Feb. 6, 2015
The UAW agreed to pay $354.5 million to create an independent retiree health care trust that will be similar to those established for retired auto workers at the Detroit 3. The formation of the Voluntary Employee Benefits Association is part of a proposed settlement of a federal lawsuit filed in December by retired union staff members who opposed 2013 changes to the UAW's retiree health care plan.... Read More »

 

Google can disrupt car industry but is no automaker, Zetsche says

2:00 pm U.S. ET | Feb. 6, 2015
Technology companies such as Google are unlikely to become mass car manufacturers, even if they have the potential to disrupt an industry increasingly focused on software and automated driving, Daimler CEO Dieter Zetsche says.... Read More »

 

GM's China sales slip in January; Ford posts 19% gain

12:08 pm U.S. ET | Feb. 6, 2015
GM and its Chinese joint ventures sold 339,781 vehicles in China in January, down 2.4 percent from a year earlier. Ford and its Chinese joint ventures sold 112,599 vehicles in China in January, up 19 percent from a year earlier.... Read More »

 

GM will build Chevy Bolt in Michigan starting in late 2016, report says

5:00 pm U.S. ET | Feb. 5, 2015
GM plans to begin building the Chevrolet Bolt, its all-new $30,000 electric car, in October 2016 at an underused small-car plant north of Detroit, two supplier sources told Reuters.... Read More »

 

GM adds former Lockheed executive as 5th female director

5:34 pm U.S. ET | Feb. 5, 2015
GM named Linda Gooden, a former executive vice president of Lockheed Martin, a director, giving the company's board of directors a fifth woman and second black member.... Read More »

 

RICHARD TRUETT

Ford's new F-150 and Transit face tough scrutiny from pundits, competitors

1:16 pm U.S. ET | Jan. 30, 2015
Ford now has two risky new high-profile vehicles on sale -- the aluminum-bodied F-150 pickup and the new Euro-styled Transit cargo van -- so pundits and competitors naturally are looking for weaknesses. And they found a few this week.... Read More »

 

DAVE GUILFORD

Volvo and the 'sweet hereafter'

12:59 pm U.S. ET | Jan. 30, 2015
Excruciatingly long product lead times have always challenged automakers, who have to figure out what will sell four or five years hence. But they’re tough on dealers, too, who face lengthy product droughts while hearing -- literally for years -- about the really sweet stuff that’s on the way.... Read More »

 

Honda crash death exposes weaknesses in recall system

2:24 pm U.S. ET | Jan. 30, 2015
The driver of a 2002 Honda Accord who died earlier this month in a crash involving a ruptured Takata airbag inflator hadn't been notified that his vehicle was recalled in June 2014 for the suspect inflators, a Honda spokesman said. The fatal crash in Texas marked the sixth death linked to inflators made by Takata and highlights some of the pitfalls of the current vehicle recall system.... Read More »

 

Honda cuts profit target as Takata airbag recalls bite

2:52 am U.S. ET | Jan. 30, 2015
Honda sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata. Honda also said third-quarter earnings fell 23 percent as it soaked up recall costs.... Read More »

 

THE GM RECALL

GM ignition-switch victims accepting offers, Feinberg says

4:00 pm U.S. ET | Jan. 30, 2015
General Motors' compensation program for victims of ignition-switch accidents is meeting its goal of sidelining many potential lawsuits, according to the lawyer handling the payments.... Read More »

 

Millennials will grow to 25% of U.S. market in 2015, TrueCar says

12:37 pm U.S. ET | Jan. 30, 2015
Millennials will become a serious force in the US car market in 2015, TrueCar said in a new report this week. The car-buying site estimates that the group will purchase 4.24 million vehicles to compose 25 percent of the new-vehicle market and generate $135 billion in revenue.... Read More »

 

Lear Q4 profits surge on North America growth

10:12 am U.S. ET | Jan. 30, 2015
Seating and electronics supplier Lear reported better-than-expected fourth-quarter profits due to strong demand from North America.... Read More »

 

Denso to expand Tenn. plant, add 400 jobs

11:24 am U.S. ET | Jan. 30, 2015
Denso, the world’s second-largest automotive supplier, is set to expand a plant and add about 400 employees in Athens, Tenn.... Read More »

 

Entry-level Jeep Renegade should boost brand in subcompact market

12:01 am U.S. ET | Jan. 23, 2015
The Renegade subcompact SUV is Jeep's latest attempt at an entry-level vehicle. With prices starting at $18,990, including shipping, the first Italian-made Jeep should help the brand thrive in the competitive subcompact market.... Read More »

 

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