Government

Aston Martin's U.S. stores at risk due to new crash rule, dealer says

Aug. 15, 2014 10:45 CET
Aston Martin stores in the United States will become unprofitable and could be forced to close if the sports-car maker cannot get an exemption for two of its models from tougher new crash standards, a top dealer said....
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Daimler to recall 50,000 Smarts in China

Aug. 15, 2014 12:33 CET
Daimler is recalling about 50,000 Smart ForTwos in China. Authorities identified that vibrations can cause the V-belt, an engine component that drives the cooling fan and the alternator, to tear....
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THE GM RECALL

U.S. judge appoints lead counsel for GM ignition-switch cases

7:06 pm U.S. ET | Aug. 15, 2014
A federal judge has appointed two lawyers who led cases against Toyota, and a plaintiffs' attorney from Texas, to lead litigation against General Motors related to a faulty ignition switch that prompted the recall of millions of vehicles this year....
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Ford recalls 2013 Escape for 11th time, this time for wiring problem

3:43 pm U.S. ET | Aug. 15, 2014
Ford has issued its 11th recall on the 2013 Escape crossover, this time because a wiring problem could cause the engine to hesitate or stall. The recall covers 159,395 Escapes and Focus ST hatchbacks from the 2013 and 2014 model years with turbocharged 2.0-liter engines in North America....
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U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14, 2014
The Treasury Department plans to cut its stake in Ally Financial by selling stock on the open market in its first divestiture since the company's initial public offering in April....
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China's Brilliance mulls Italy car plant, prime minister says

Aug. 14, 2014 22:13 CET
Italian Prime Minister Matteo Renzi said that Chinese carmaker Brilliance China Automotive had expressed an interest in opening a plant in Italy. Renzi is trying to encourage foreign investment in Italy, which has fallen back into recession....
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U.S. awards more than $55 million in vehicle technology grants

3:50 pm U.S. ET | Aug. 14, 2014
The Department of Energy has awarded more than $55 million in grants to companies including Ford, Delphi Automotive Systems and others for advanced vehicle technology r&d projects....
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U.S. appoints former federal prosecutor to be Toyota safety monitor

6:18 am U.S. ET | Aug. 13, 2014
Former federal prosecutor David Kelley has been appointed as the government monitor who will supervise Toyota's safety after the company's mishandling of vehicle recalls for unintended acceleration....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's slump creates new opportunities at the top

Aug. 13, 2014 06:01 CET
Europe's car sales slump took its toll on the executive ranks at automakers active in the region. Just 13 of the 37 executives who topped their organizational charts before the crisis are still there....
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JIM HENRY

N.Y. Times' demands are misguided

12:01 am U.S. ET | Aug. 13, 2014
Subprime auto loans have gotten most of the attention, but an editorial in The New York Times on Saturday makes other demands dealers and lenders are sure to dislike....
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Europe group questions China antitrust probes

Aug. 13, 2014 13:25 CET
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms....
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Chrysler purchasing chief Kunselman to lead new safety office

9:33 am U.S. ET | Aug. 12, 2014
Chrysler tapped its head of purchasing, Scott Kunselman, to lead a new office that will oversee safety issues and regulatory compliance as scrutiny over the industry's safety record grows. Tom Finelli, 44, Chrysler's current director for global standardization, will assume responsibility for North American purchasing and supplier quality, effective immediately, Chrysler said today....
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Audi will 'accept penalty' in China anti-monopoly probe

Aug. 12, 2014 10:57 CET
Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market, according to a statement from the automaker....
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YANG JIAN

Why China's NDRC has become country's antitrust watchdog

12:01 am U.S. ET | Aug. 12, 2014
China's NDRC used to be very friendly toward foreign automakers, approving numerous factory projects. Now its is investigating global automakers for suspected monopolistic behavior. What prompted the change?...
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Attorneys for GM customers compete to lead ignition-switch legal battle

1:34 pm U.S. ET | Aug. 11, 2014
Lawyers for GM customers are jostling to lead lawsuits over faulty ignition switches. They don't know what they can sue for -- a judge will tell them that -- but they do want to be in charge....
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Trouble looms as industry zooms

12:01 am U.S. ET | Aug. 11, 2014
As U.S. auto sales and output roar back to levels many in the industry feared they would never see again, leading industry economists and forecasters have a warning: Dark clouds are on the horizon....
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Hyundai hit with $17M fine

12:01 am U.S. ET | Aug. 11, 2014
Federal regulators last week slapped Hyundai with a $17.35 million fine for taking too long to report a safety defect in its 2009-12 model year Genesis sedans, signaling a strict reading of safety laws in the wake of General Motors' ignition-switch crisis....
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YANG JIAN

China's new antitrust watchdog

12:01 am U.S. ET | Aug. 11, 2014
China has begun investigating global automakers for suspected monopolistic behavior....
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KEITH CRAIN

You ain't seen nothing yet

12:01 am U.S. ET | Aug. 11, 2014
With car shows filling the calendar across the country, it's a good time to contemplate your favorite car from the 1960s or 1970s....
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Venezuelan auto industry in free fall amid economic woes

11:22 pm U.S. ET | Aug. 9, 2014
VALENCIA, Venezuela (Reuters) -- Though it is the middle of the work day, the Jeep assembly plant in the central Venezuelan city of Valencia is empty, the machinery still.
...
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GM loses bid to dismiss revived ignition-switch lawsuit

12:52 pm U.S. ET | Aug. 9, 2014
General Motors failed to convince a Georgia judge to dismiss a revived lawsuit over the death of a 29-year-old woman that helped trigger the automaker's ignition-switch recall crisis. Cobb County State Court Judge Kathryn Tanksley today set a trial date for April 2016....
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VW recalls 189,000 Tiguan SUVs in N. America for potential stalling

9:34 am U.S. ET | Aug. 9, 2014
Volkswagen is recalling 189,490 Tiguan small SUVs in North America for potential stalling issues....
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Toyota joins Honda in cutting China prices amid antitrust probe

12:01 am U.S. ET | Aug. 9, 2014
Toyota and Honda's Chinese ventures joined Mercedes-Benz and Audi in reducing prices of spare parts amid an antitrust investigation into the auto industry....
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Recovery on track as western Europe car sales rise 5%

Aug. 8, 2014 06:01 CET
Car sales in western Europe grew by 5 percent in July to a little more than 1 million vehicles, bringing sales for the first seven months to 7.4 million, according to analyst LMC Automotive....
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Victims' claims for GM compensation pour in

11:40 am U.S. ET | Aug. 8, 2014
More than half of the 113 applications submitted in the first week of General Motors' compensation program for victims of its faulty ignition switch were death claims. Sixty-four claims were filed on behalf of people who died in crashes allegedly caused by the defective part, said Camille Biros, deputy administrator of the program being overseen by victim-compensation specialist Kenneth Feinberg, in an interview....
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