Government

Automakers stay in Russia despite risk of high losses

March 19, 2015 12:39 CET

Automakers such as Volkswagen, Renault and Ford continue to compete for market share in Russia, even as GM scales back in the country. Companies risk losing as much as $2,000 on each car sale, according to a Russian dealership association....
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Dealers sold 'hundreds' of cars with open recalls, report says

3:58 pm U.S. ET | March 19, 2015

New-car dealerships have sold “hundreds” of cars without completing mandatory recall work at the time of sale, ABC News reported during an investigative segment today on “Good Morning America.”...
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BMW settles dispute with FTC over Mini warranties

2:03 pm U.S. ET | March 19, 2015

BMW, hoping to avoid extending a dispute with U.S. regulators, has agreed to settle a complaint that its Mini division broke the federal law governing vehicle warranties....
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SsangYong suspends exports to Russia on weak ruble

March 19, 2015 11:55 CET

SsangYong has suspended exports to Russia as the plunging ruble hits demand in the automaker's biggest export market. In the first two months, the automaker's sales fell 61 percent in Russia....
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Honda adds more vehicles to U.S. recalls on Takata airbag flaws

6:24 am U.S. ET | March 19, 2015

Honda added about 100,000 vehicles in the United States to existing recalls for flawed airbags made by Takata after discovering it hadn’t properly identified these models as being produced for the market....
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Tesla free to sell cars in New Jersey as Christie signs bill

4:09 pm U.S. ET | March 18, 2015

Tesla Motors will be allowed to sell its electric cars straight to consumers in New Jersey, after Republican Governor Chris Christie signed a bill overhauling the state's dealership laws....
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JIM HENRY

BLOG: Size of average tax refund makes a decent down payment

11:45 am U.S. ET | March 18, 2015

For anybody keeping track -- which is to say, anybody interested in subprime auto lending – U.S. tax refunds have fallen a bit more behind than they were a few weeks ago....
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VW hit by second Chinese TV expose in a week, this time over engine leaks

7:42 am U.S. ET | March 18, 2015

China's main state-owned television network struck out against Volkswagen AG in its second expose targeting the company this week, alleging this time that it overlooked dangerous engine leaks in its Chinese cars....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Spain's Gestamp surged when main rivals slumped

March 18, 2015 06:01 CET

Spanish supplier Gestamp will continue along the growth path it started down when the auto industry was hit by the last financial crisis when it went on an expansion spree that boosted its operations in markets as far apart as Germany and China....
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U.S. judge taps lead lawyers for Takata airbag cases

6:30 pm U.S. ET | March 17, 2015

Four plaintiffs' lawyers, including high-profile attorney David Boies, were appointed by a federal judge to lead civil litigation against Takata and several automakers for injuries caused by allegedly faulty airbags....
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All new EU cars will need emergency call technology from 2018

March 17, 2015 17:09 CET

All new cars sold in the European Union from 2018 will have to be equipped with technology to contact emergency services in the case of an accident....
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China's FAW chairman faces gov't graft probe

March 17, 2015 13:18 CET

Xu Jianyi, the chairman of China's FAW Group, which makes cars with Volkswagen and Toyota, is being investigated by the Communist Party anti-graft watchdog....
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Plaintiffs' lawyers say GM internal documents contradict Valukas report

2:25 pm U.S. ET | March 16, 2015

Plaintiffs suing GM over faulty ignition switches have gained access to previously confidential documents produced by the automaker, and their attorneys plan to depose current and former top executives this year. Two of the plaintiffs' lawyers contend the documents contradict conclusions reached by GM's internal investigation last year....
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Skoda CEO Vahland urges Czech euro adoption when Greek crisis ebbs

March 16, 2015 21:17 CET

The Czech Republic will benefit from adopting the euro and should join the monetary union after the Greek debt crisis calms down, Skoda CEO Winfried Vahland said. Skoda is the country's largest industrial company and the country's main exporter....
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Death toll from defective GM ignition switches rises by 3 to 67

11:22 am U.S. ET | March 16, 2015

The death toll from General Motors' defective ignition switch has risen by three fatalities from a week earlier to 67, the administrator of GM's compensation fund said today....
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O'Neal's goal: Smaller but stronger Delphi

12:01 am U.S. ET | March 16, 2015

When Delphi Automotive took journalists for rides in its driverless Audi SQ45 this winter during the International CES, the retrofitted crossover wasn't restricted to the highway....
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FAW Chairman Xu Jianyi faces government corruption probe

9:23 pm U.S. ET | March 15, 2015

Xu Jianyi, chairman of China FAW Group, is being investigated for corruption, according to a statement issued Sunday by China's corruption watchdog....
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Takata more forthcoming on airbag probe, NHTSA chief says

10:21 am U.S. ET | March 13, 2015

Takata, subject to a $14,000 daily fine from U.S. regulators, has started to become more cooperative about documents involving a deadly defect in its airbag inflators, NHTSA chief said Mark Rosekind said. The government, as part of a probe into defective airbags in millions of cars, has accused Takata of dumping millions pages of documents on NHTSA without a guide or explanation of the content....
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GM settles second ignition-switch lawsuit with parents of Georgia victim

11:30 am U.S. ET | March 13, 2015

The Georgia parents who forced GM to acknowledge an ignition switch defect linked to the deaths of their daughter and at least 64 other people have settled a second case against the company, their lawyers said today. The terms of the new settlement are confidential. GM revealed the ignition switch defect in February 2014, when it announced a recall that was eventually expanded to cover 2.6 million small cars....
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Kia recalls 2014-15 Soul in U.S. for accelerator glitch

8:47 am U.S. ET | March 13, 2015

Kia is recalling almost 209,000 Soul compact cars in the United States because the accelerator pedal may bend or break, according to documents filed with U.S. safety regulators....
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GM recalls 64,000 Volts over carbon monoxide risk

4:08 pm U.S. ET | March 12, 2015

General Motors is recalling about 64,000 Chevrolet Volts from the 2011-13 model years for a software update to limit how long the car can be left idling, a move to prevent carbon monoxide buildup when a driver forgets to shut off the vehicle....
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Honda ads will urge drivers to seek Takata airbag fixes

8:00 am U.S. ET | March 12, 2015

American Honda on Monday will launch an ad campaign urging owners to fix vehicles recalled for Takata airbag inflators at risk of exploding during a crash....
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Toyota recalls RAV4 EVs to repair Tesla component

6:31 am U.S. ET | March 12, 2015

Toyota, which built about 2,500 electric vehicles over three years with Tesla Motors, said it's recalling the RAV4 EVs to repair components supplied by Tesla....
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GM directors should face ignition switch claims, judge is told

6:43 am U.S. ET | March 11, 2015

GM investors urged a judge to let their lawsuit proceed against the automaker's board that they say was asleep at the switch while the company produced cars with faulty ignition systems that led to fatal accidents....
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