Daily Email Friday

Porsche Cayenne to offer new twin-turbo engine, plug-in hybrid for '15

1:15 pm U.S. ET | July 25, 2014
The freshened '15 Porsche Cayenne will offer a new twin-turbo engine, a plug-in hybrid model, and prices that range from 3 to 11 percent higher, when it goes on sale Nov. 1 in the United States.... Read More »

 

JAMES B. TREECE

GM, Manheim kiss and make up

3:15 pm U.S. ET | July 25, 2014
About four years after a spat strained their business relations, GM and auction company Manheim are starting to kiss and make up.... Read More »

 

Strong retail demand to push U.S. sales higher in July, forecasts show

2:44 pm U.S. ET | July 25, 2014
The pace of auto sales has slowed slightly after hitting an eight-year high in June, but July's results are still shaping up to be at least 9 percent better than a year ago, according to four forecasts. The seasonally adjusted, annualized selling rate is expected to hit 16.6 million to 16.8 million, projections show.... Read More »

 

Ford, FBI investigating former engineer for possible espionage

6:38 am U.S. ET | July 25, 2014
An engineer recently fired by Ford is being investigated for possible espionage after the FBI found 8 listening devices installed in the company's world headquarters in Dearborn, Mich.... Read More »

 

ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own.... Read More »

 

Lear profits rise on higher vehicle output, record seating volume, electrical gains

8:03 am U.S. ET | July 25, 2014
Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business.... Read More »

 

Hella planning IPO later this year, report says

2:49 pm U.S. ET | July 25, 2014
German automotive supplier Hella is working with Citigroup and banks on an initial public offering later this year, according to people with knowledge of the matter.... Read More »

 

NHTSA to investigate older GM models for software, airbag glitch

3:03 pm U.S. ET | July 25, 2014
NHTSA will investigate whether 320,000 older Chevrolet Impalas have a software defect that might cause airbags to fail to deploy in a crash.... Read More »

 

South African union said to reject wage deal to end strike, resume car output

9:49 am U.S. ET | July 25, 2014
South Africa's biggest union will probably reject the latest pay offer from employers to end a three-week strike that has idled light-vehicle output and other manufacturing because of a clause related to workplace bargaining, a union official said.... Read More »

 

Mazda expands U.S. recall of cars with faulty Takata airbags

12:51 pm U.S. ET | July 25, 2014
Mazda will broaden a recall of cars sold in the United States because an airbag inflator, supplied by Japanese supplier Takata, could rupture and seriously injure occupants.... Read More »

 

Audi, BMW and Mercedes pressure Ford, GM as UK market booms

12:01 am U.S. ET | July 25, 2014
Germany's premium automakers are benefiting most from the UK car market boom. Audi, BMW and Mercedes are winning customers from mass-market brands such as Ford and Vauxhall.... Read More »

 

Bentley may add a fifth model after SUV launch

9:51 am U.S. ET | July 24, 2014
Bentley may add a fifth model to its lineup after it launches an SUV in 2016, CEO Wolfgang Duerheimer said. The new model could be a two-seat sports car or a larger model slotted between the Continental GT coupe and Mulsanne sedan.... Read More »

 

GM may put Brazil workers on paid leave

9:21 pm U.S. ET | July 24, 2014
GM wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union says, amid falling output in Latin America's largest economy.... Read More »

 

THE GM RECALL

GM's stealth redesign of switches kept old parts in circulation

3:34 pm U.S. ET | July 18, 2014
New documents reveal GM redesigned faulty ignition switches without changing the part number in more than the 2.59 million small cars at the center of its recall crisis. Some of those additional vehicles underwent an ignition switch redesign as far back as 2004, GM said in a letter to regulators posted today by NHTSA.... Read More »

 

KRISHNAN ANANTHARAMAN

GM waive liability shield? It can't

3:22 pm U.S. ET | July 18, 2014
Is it conceivable that Sen. Richard Blumenthal, who is both a lawmaker and lawyer, has only a tenuous grasp of the law?... Read More »

 

Silverado, Sierra, Yukon Denali with V-8 to feature new 8-speed transmission

1:57 pm U.S. ET | July 18, 2014
A new eight-speed automatic transmission will come standard on some 2015 Chevrolet Silverado, GMC Sierra and GMC Yukon Denali/Yukon XL Denali models with a 6.2-liter EcoTec3 V-8 engine, GM said today.... Read More »

 

LG Chem targets EV batteries with range of more than 200 miles in 2016

1:19 pm U.S. ET | July 18, 2014
South Korean supplier LG Chem plans to supply batteries for electric vehicles that can travel more than 200 miles, or 321 kilometers, per charge in 2016, its CFO said on Friday.... Read More »

 

Tesla makes the shopping list as U.K. eyes greener government fleet

10:34 am U.S. ET | July 18, 2014
Tesla Motors, a month after starting Model S deliveries in the United Kingdom, said its flagship electric sedan is among the cars being considered for purchase by the government there to transport officials.... Read More »

 

Mitsubishi to recall some 2004-05 Lancer sedans in U.S. with defective Takata airbags

9:58 am U.S. ET | July 18, 2014
Mitsubishi Motors is recalling cars made with Takata Corp. airbags in Florida, Hawaii, Puerto Rico and the U.S. Virgin Islands. Mitsubishi is one of nine automakers to say it will conduct a recall that includes those areas.... Read More »

 

Takata to book $440 million special loss for wave of recalls

7:25 am U.S. ET | July 18, 2014
Takata will book a special loss of around $440 million in the April-June quarter after several automakers recalled vehicles due to potential problems with the supplier's airbags. The cost of the recalls could increase if a safety probe in the United States finds evidence that driving in high humidity increases the risk of the airbags exploding, or if automakers decide to expand the recalls beyond certain U.S. regions.... Read More »

 

Continental Structural Plastics to buy 5 plants from Magna

10:28 am U.S. ET | July 18, 2014
Continental Structural Plastics signed a definitive agreement to acquire five North American plants from Magna International.... Read More »

 

JCI profits fall on restructuring charges

8:46 am U.S. ET | July 18, 2014
Johnson Controls' fiscal third-quarter earnings slid 68 percent as restructuring and other charges offset a modest rise in revenue.... Read More »

 

Maserati to cap global sales at 75,000 vehicles a year

7:48 am U.S. ET | July 18, 2014
Fiat Chrysler Automobile's luxury Maserati unit will not sell more than 75,000 vehicles globally a year to retain the exclusivity of the Italian brand.... Read More »

 

Acura plans second-half sales lift from TLX in U.S.

7:34 am U.S. ET | July 11, 2014
Honda's Acura, struggling to boost sales in the United States amid competition from bigger luxury brands, should see faster growth from August with the arrival of a new sport sedan, the division’s U.S. chief said.... Read More »

 

Top Toyota designer heads to Yamaha

12:14 pm U.S. ET | July 11, 2014
Akihiro “Dezi” Nagaya, a key designer who brought more emboldened, emotional styling to Toyota and Lexus vehicles, has been named design general manager for affiliate Yamaha Motor Co.... Read More »

 

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