N.H. legislators pass amendments to Dealer Bill of Rights 4:15 pm U.S. ET | May 24, 2013 A bill that would further regulate the relationship between New Hampshire auto dealers and their factories is a step closer to becoming law despite opposition from automakers.... Read More »
Ford to retain 1,000 jobs at French plant after deal 3:50 pm U.S. ET | May 24, 2013 Ford plans to retain 1,000 jobs at a plant in southwest France after striking a deal today with local authorities to share the burden of new investments needed to keep the factory operating.... Read More »
EU trade deal would lift U.S. exports to EuropeMay 24, 2013 06:01 CET U.S. auto exports to Europe could quadruple within 15 years if regulators get rid of tariffs and adopt standard vehicle-safety rules, automaker associations say.... Read More »
Mitsubishi Motors plans to reduce capital to offset lossesMay 24, 2013 09:04 CET  Mitsubishi plans to reorganize its capital to help unload the worst accumulated losses in the automotive industry. The company has been seeking to restore confidence in its cars for more than a decade after saying it covered up safety defects and customer complaints, alienating consumers to the point that it required a bailout in 2005.... Read More »
Tesla and Chrysler trade barbs about paying back Uncle Sam 3:34 pm U.S. ET | May 23, 2013  Tesla CEO Elon Musk took to Twitter today to respond to Chrysler's barb that Tesla wasn't the first American automaker to repay the federal government for aid.... Read More »
NICK GIBBS Why Victor Muller has painful memories of running Saab 12:01 am U.S. ET | May 23, 2013  Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »
NICK GIBBS Muller says Saab period was painful 12:01 am U.S. ET | May 23, 2013  Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »
GM recalls more than 27,000 Cadillac SRXs with possible wheel issue 12:01 am U.S. ET | May 23, 2013  General Motors is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts.... Read More »
Nissan will recall 841,000 vehicles globally due to steering wheel glitchMay 23, 2013 09:44 CET  Nissan will recall about 841,000 vehicles worldwide, including UK-built Micra subcompacts, as a result of a steering wheel glitch that could result in a loss of steering. The automaker said no accidents have been reported.... Read More »
European carmakers shares decline on weakening China manufacturingMay 23, 2013 11:04 CET Volkswagen, PSA and Renault shares all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.... Read More »
Marchionne will face gov't pressure to commit to ItalyMay 23, 2013 06:01 CET  The Italian government plans to meet with Fiat CEO Sergio Marchionne over concerns he's shifting the carmaker and heavy truck manufacturer Fiat Industrial away from the country. Fiat Industrial plans for tax purposes to have its fiscal headquarters in the UK, but Fiat has said a move for the carmaker is not on its agenda at the moment.... Read More »
Tesla pays back balance of DOE loan 10:48 am U.S. ET | May 22, 2013  Tesla Motors said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles.... Read More »
Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014 11:50 am U.S. ET | May 22, 2013  Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.... Read More »
JIM HENRY Are worries over slower, smaller tax refunds overblown? 12:01 am U.S. ET | May 22, 2013  Some lenders complained in first-quarter earnings reports about smaller and later tax refunds. IRS refund statistics weren’t down by much, but any change is important because tax refunds contribute to the annual peak in subprime financing, according to dealers and subprime lenders.... Read More »
Two Denso execs to plead guilty to price fixing, U.S. saysMay 22, 2013 06:01 CET Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said.... Read More »
VW to modify late-model diesels in N. America to prevent improper fuelingMay 22, 2013 06:01 CET  Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks.... Read More »
VW to modify late-model diesels to prevent improper fueling 4:36 pm U.S. ET | May 21, 2013  Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks.... Read More »
Two Denso executives to plead guilty to price fixing, U.S. says 10:54 am U.S. ET | May 21, 2013  Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today.... Read More »
Automakers, dealers remain opposed to bill preventing rental firms from renting recalled vehicles 6:34 pm U.S. ET | May 21, 2013 Major automakers and auto dealers told a Senate panel Tuesday that they remain opposed to legislation that would prohibit rental car companies from renting or selling vehicles that are subject to a federal safety recall.... Read More »
2 congressmen ask Treasury for details on 2008-09 dealership closures 2:36 pm U.S. ET | May 21, 2013 Two congressmen -- one a former Ohio auto dealer and the other a Pennsylvania new- and used-car dealer -- have asked the U.S. Treasury Department to release materials detailing how General Motors and Chrysler dealerships were selected for closure during the 2008-09 restructuring.... Read More »
Former Saab CEO Jonsson, two other execs arrested on tax chargesMay 21, 2013 13:04 CET  Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe.... Read More »
German brands enjoy sales boom in KoreaMay 21, 2013 06:01 CET  South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Tesla Motors may repay U.S. loan by Wednesday, Musk says 10:41 pm U.S. ET | May 20, 2013  Tesla Motors may repay its federal Department of Energy loan as early as Wednesday, CEO Elon Musk said in a message on Twitter on Monday.... Read More »
Industry: EU trade deal would lift exports 12:01 am U.S. ET | May 20, 2013 U.S. auto exports to Europe could quadruple within 15 years if regulators get rid of tariffs and adopt standard vehicle-safety rules, automaker associations say.... Read More »
Cost is key to fate of talking cars 12:01 am U.S. ET | May 20, 2013  Cars that communicate with each other to avoid crashes or traffic jams will save lives, but the cost of the systems will determine consumers' acceptance, the U.S. transportation secretary said last week.... Read More »
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