Daily Email Friday

Mazda quarterly profits fall on currency losses while sales rise

6:41 am U.S. ET | April 24, 2015

Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales.... Read More »

Ford recalls 390,000 cars to fix doors that may fly open while driving

3:51 pm U.S. ET | April 24, 2015

Ford is recalling about 390,000 cars for an issue that could prevent the doors from latching or allow them to open unexpectedly while driving. The recall covers the 2012-14 Ford Fiesta, 2013-14 Ford Fusion and 2013-14 Lincoln MKZ, all of which were built in Mexico.... Read More »

LARRY P. VELLEQUETTE

BLOG: Maybe NHTSA could use excessive force to fix old Jeeps -- or leg traps

2:25 pm U.S. ET | April 24, 2015

So the National Highway Traffic Safety Administration is considering its options on how to speed up the repair rate on a couple older recalls. May I suggest leg traps?... Read More »

Mitsubishi posts first annual N.A. profit in seven years

7:47 am U.S. ET | April 24, 2015

Mitsubishi booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years.... Read More »

GM paid Barra $16.2 million in 2014

11:00 am U.S. ET | April 24, 2015

GM CEO Mary Barra received $16.2 million in total compensation during her first year leading the automaker, GM said in a regulatory filing today. Barra's payout included a base salary of $1.6 million, stock awards totaling $11.8 million, and $2.1 million from a short-term, nonequity incentive tied to several performance measures, such as GM's pretax profit and global market share.... Read More »

Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

11:39 am U.S. ET | April 24, 2015

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production.... Read More »

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier.... Read More »

Toyota makes noise with Mirai hydrogen fuel cell vehicle

10:18 am U.S. ET | April 24, 2015

For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. And the distinct whirring and intermittent clicking are unique to its hydrogen drivetrain.... Read More »

MIKE COLIAS

BLOG: Buick chief says new China duties won't distract from 'a lot more to do' in U.S.

6:00 am U.S. ET | April 24, 2015

In the year since he took over the Buick and GMC brands in the U.S., Duncan Aldred has made a lot of fans among dealers.... Read More »

Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States.... Read More »

Fiat 500X seeks to fill holes in Italian brand's lineup

12:01 am U.S. ET | April 17, 2015

With the 500X, a new crossover with optional all-wheel drive, Fiat hopes to make inroads in the snow belt. For $1,900, consumers can get awd in the 500X. The system disconnects the rear driveshaft and rear differential automatically when additional traction is unneeded, improving fuel economy.... Read More »

Ford to spend $2.5 billion on new Mexico engine, transmission operations

1:08 pm U.S. ET | April 17, 2015

Ford, confirming reports from earlier this week, will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The company will build a new engine line within its engine plant in the northern state of Chihuahua. The company will also build a transmission plant in the central state of Guanajuato.... Read More »

GM counting on high-speed Internet services in car to drive profits

2:32 pm U.S. ET | April 17, 2015

Buyers of GM vehicles will increasingly be able to use in-car mobile broadband systems to book hotel rooms, cut deals on driver insurance, pay for data usage and conduct a host of other transactions. And each time they do, GM will get a small cut from the seller.... Read More »

New Jeep Renegade ad campaign has an indie-rock youth vibe

8:00 am U.S. ET | April 17, 2015

In its new Renegade campaign, Jeep wanted up-and-coming artists to lay a soundtrack aimed at millennials instead of more established acts.... Read More »

Volvo narrows choices for U.S. plant to S. Carolina, 2nd state, report says

11:57 am U.S. ET | April 17, 2015

Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first US plant, people with knowledge of the matter told Reuters today.... Read More »

Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said.... Read More »

South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech.... Read More »

LUCA CIFERRI

BLOG: Fiat meeting goes from legendary to ordinary

12:01 am U.S. ET | April 17, 2015

Fiat's investor meetings in Italy used to be legendary. Thursday's first gathering in Amsterdam was extremely ordinary.... Read More »

Ford eyes 'high volume' use of carbon fiber

9:24 am U.S. ET | April 17, 2015

Ford today said it has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight material. The agreement with DowAksa, a joint venture of Dow and a Turkish company, builds on an arrangement that Ford announced in January as it unveiled the GT supercar.... Read More »

Nissan to expand U.S. recalls tied to Takata airbag flaw

7:24 am U.S. ET | April 17, 2015

Nissan plans to expand a regional recall of cars in the United States with potentially defective Takata airbags after a woman said she was injured last month by shrapnel from the device in her 2006 Sentra sedan.... Read More »

U.S. bill would streamline passage of 2 key trade deals

10:00 pm U.S. ET | April 16, 2015

US lawmakers introduced a bipartisan bill to move trade deals quickly through Congress, opening the door to sealing a major Pacific trade pact with major implications for the auto industry.... Read More »

Honda Pilot gains 30 hp with 2016 redesign, new V-6

5:00 am U.S. ET | April 10, 2015

Honda's redesigned 2016 Pilot comes with a new 3.5-liter V-6 engine that makes 280 hp and 260 pound-feet of torque, an increase of 30 hp and 7 pound-feet of torque over the previous Pilot's V-6.... Read More »

NHTSA plans summit to promote culture of auto safety

3:00 pm U.S. ET | April 10, 2015

NHTSA head Mark Rosekind wants to hold a summit with automakers to explore how vehicle safety and defect issues are handled, and how those approaches can be improved. He is suggesting automakers could learn from the airline industry, which he praised as more proactive than reactive when it comes to consumer safety.... Read More »

GM may spend $1 billion to retool landmark Michigan tech center, report says

4:04 pm U.S. ET | April 10, 2015

GM is considering spending as much as $1 billion to renovate its sprawling 60-year-old tech center outside Detroit, Bloomberg reported, citing a person familiar with the plan. Renovations at the landmark would include some new buildings to house 2,500 new hires, mostly in electrical engineering, information technology and software development.... Read More »

EPA strikes deal with trade groups over biofuel targets

2:17 pm U.S. ET | April 10, 2015

The EPA reached a deal with two oil trade groups on setting targets for blending renewable fuels into the nation's fuel supply.... Read More »

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