Automakers

Honda to modify 12,000 redesigned Fits sold in U.S. to enhance crashworthiness

10:00 am U.S. ET | Aug. 21, 2014
Honda plans to modify 12,000 redesigned 2015 Fit models in customer hands in the United States following a mid-model-year engineering change that improved the subcompact's showing in a key industry crash test....
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GM cuts production in Russia as market slump continues

Aug. 21, 2014 15:49 CET
General Motors said it will reduce production at its plant near St Petersburg, Russia, citing a continued slowdown of the country's auto market....
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2015 Chevy Silverado goes more high-end with new Rally 2 package

9:00 am U.S. ET | Aug. 21, 2014
Chevrolet will offer a bold new trim package on light-duty Silverado pickups for the 2015 model year, an effort to keep pace with the proliferation of pricey, high-end models from rivals Ford and Ram....
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New 2015 Lincoln MKC ads star Matthew McConaughey

8:00 am U.S. ET | Aug. 21, 2014
Lincoln has signed a multiyear endorsement contract with Oscar-winning actor Matthew McConaughey that will begin in September with a series of spots promoting the 2015 MKC compact luxury crossover....
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Toyota to cut prices of Lexus parts in China amid antitrust concerns

7:09 am U.S. ET | Aug. 21, 2014
Toyota said today it would cut prices of parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over antitrust issues....
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Denso fined $2.2 million in Canada for violation of competition law

6:47 am U.S. ET | Aug. 21, 2014
Japanese supplier Denso said today it has been fined more than $2 million by a court in Canada for violation of that country's competition law in connection with sales of certain body electronic control units for motor vehicles....
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Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Conti exec says automated driving requires tight ties with many partners

Aug. 21, 2014 06:01 CET
Continental executive Helmut Matschi says automated driving will emerge gradually in the next decade. He also believes that to be successful, suppliers will need to collaborate more than ever with non-automotive companies....
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LG Chem says it has battery order from Audi for plug-in hybrid cars

Aug. 20, 2014 15:16 CET
LG Chem says it will supply batteries for Audi's growing lineup of plug-in hybrids. Audi began European sales of its first plug-in hybrid, the A3 Sportback e-tron, in June and plans to add at least three more plug-in hybrids....
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EU regulators seek to close car emissions testing loopholes

Aug. 20, 2014 13:30 CET
EU regulators are pushing for legislation that will require vehicles to be tested on roads rather than in laboratories in a bid to close loopholes that allow carmakers to exaggerate fuel-saving and emissions credentials....
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Ford plans new hybrid series to compete with Toyota Prius, report says

6:11 pm U.S. ET | Aug. 20, 2014
Ford plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, Reuters reported, citing two sources with knowledge of the company's plans. The compact car will be Ford's first "dedicated" hybrid -- that is a vehicle designed to be marketed exclusively as a hybrid, rather than a variation of an existing gasoline model, such as the automaker's Fusion hybrid....
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Hertz investor presses board to replace CEO Frissora

3:49 pm U.S. ET | Aug. 20, 2014
Hertz investor Fir Tree Partners, which holds more than 3 percent of the stock, is urging the company's board to replace CEO Mark Frissora because the firm disapproves of how he's running the car-rental provider....
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2015 Corvette will get 29 mpg highway, GM says

8:00 am U.S. ET | Aug. 20, 2014
An 8-speed automatic transmission debuting in the 2015 Chevrolet Corvette boosts fuel economy by 3.5 percent over the six-speed it replaces and gives the General Motors long-running sports car an EPA highway rating of 29 mpg, its highest rating ever....
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Greens, industry square off over putting cars in EU carbon market

Aug. 20, 2014 16:55 CET
Environmental campaigners are bracing to take on big business over whether Europe should include road transport in the EU carbon market, a move that could bring down the costs faced by the auto industry to reduce emissions from new cars....
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Volvo swings to first-half profit on China, Europe gains

Aug. 20, 2014 07:42 CET
Volvo said it swung to a profit for the first half on the back of sharply rising sales in China and growth in Europe, which more than offset lingering weakness in the U.S....
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JAMES B. TREECE

Searching far and wide for service techs

9:30 am U.S. ET | Aug. 20, 2014
How far is your dealership willing to go to get well-qualified service technicians? GM dealers in the Mideast went all the way to the Philippines....
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China levies record $200 million fine on Japan suppliers

Aug. 20, 2014 12:11 CET
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago....
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bosch, Faurecia, ZF grow in 2013; combined Europe sales for top 30 rise 7%

Aug. 20, 2014 06:01 CET
Europe's biggest suppliers rebounded last year as the region showed signs of recovery in the final months of 2013. Overall 2013 European sales by suppliers in the top 30 increased by 7 percent to $183.5 billion compared with the year before....
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Cadillac's new flagship sedan to define innovation, excellence, Reuss vows

6:00 pm U.S. ET | Aug. 19, 2014
GM global product chief Mark Reuss said that a large luxury sedan being developed for Cadillac will "define its brand" and is a prerequisite to competing against rivals BMW, Mercedes-Benz, Audi and Lexus. Reuss declined to discuss specifics but said Cadillac's entry in the large luxury sedan segment "has got to be a symbol of excellence."...
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2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices....
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Lear to buy leather supplier Eagle Ottawa for $800 million, reports say

5:46 pm U.S. ET | Aug. 19, 2014
Lear is finalizing a deal to acquire automotive seat leather supplier Eagle Ottawa, media reports said, citing sources close to the deal. Lear, based in Michigan, is expected to pay more than $800 million for Eagle Ottawa, the world's largest supplier of leather to the automotive market....
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Japan's NGK pleads guilty, to pay $52.1 million U.S. fine for price fixing

5:10 pm U.S. ET | Aug. 19, 2014
Japanese supplier NGK Spark Plug agreed to plead guilty and pay a $52 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the Department of Justice said....
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Honda's Mendel says U.S. sales 'near top,' warns market may suffer from 'stupid things'

1:30 pm U.S. ET | Aug. 19, 2014
Auto sales in the United States are approaching the highest levels that the market can sustainably support and could suffer long-term damage as automakers increasingly turn to subprime financing and seven-year loans to boost market share, the top sales executive at American Honda warned today....
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NICK BUNKLEY

Why Honda's John Mendel wants customers to buy a Treasury bond on wheels

3:28 pm U.S. ET | Aug. 19, 2014
Jittery stock market? Honda's John Mendel wants you to take your money out of Google, Apple and Tesla -- and put it in Hondas. Not Honda stock. Actual Hondas. They're like Treasury bonds on wheels, with cupholders....
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