Government

VW to lay off 900 workers in Brazil

April 25, 2014 07:33 CET
VW will lay off about 900 workers at two Brazilian plants in response to sluggish demand for cars in Latin America's largest economy.... Read More »

 

PSA revenue rises 2% on China, Europe recovery

April 25, 2014 08:39 CET
PSA reported a 2 percent gain in first-quarter revenue as a recovery in its home region and expansion in China boosted deliveries.... Read More »

 

FTC officials: Ban on Tesla's direct sales 'bad policy'

11:36 am U.S. ET | April 24, 2014
In an unusual move, three top officials with the FTC on Thursday came out in opposition to laws that ban automakers like Tesla Motors from selling automobiles directly to consumers.... Read More »

 

GM says government probes into recalls now include SEC, a state attorney general

5:07 pm U.S. ET | April 24, 2014
GM is facing five different government probes in connection with its recent recalls, the automaker said in a regulatory filing on Thursday.... Read More »

 

GABE NELSON

Impala vs. Cobalt: Not all NHTSA probes are equal

12:01 am U.S. ET | April 24, 2014
The National Highway Traffic Safety Administration is investigating the 2014 Chevrolet Impala, based on a report about a single vehicle that got into a fender-bender when the automatic braking system engaged unexpectedly. The media responded with a narrative already scorched into their minds. They were only half right.... Read More »

 

UK car production returns to growth, boosted by increased European demand

April 24, 2014 08:40 CET
British car production returned to growth in March, boosted by increased demand in Europe and by automakers completing retooling to build new models. Output increased 12 percent last month.... Read More »

 

Renault freezes plans for Russian van production on weak ruble

April 24, 2014 13:35 CET
Renault has frozen plans to build vans with Russian truckmaker ZIL due to a weakening of the ruble. The company had planned to build Renault and Fiat vans with ZIL in Moscow.... Read More »

 

Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET
Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates.... Read More »

 

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. The cost of recalling millions of vehicles -- combined with continued losses in Europe and new challenges in Russia, Australia, Asia and South America -- have prompted analysts to downgrade their earnings estimates for the company.... Read More »

 

GM owners claim bankruptcy fraud to keep recall suits alive

2:33 pm U.S. ET | April 23, 2014
GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”... Read More »

 

Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million

12:01 pm U.S. ET | April 23, 2014
Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today.... Read More »

 

JESSE SNYDER

New Russian outlook: 'Slower, lower, weaker'

12:01 am U.S. ET | April 23, 2014
Days after Russia annexed a province of Ukraine and U.S. and European forces mobilized, you would expect a conference in the United States on the future of the Russian auto industry to be pessimistic.... Read More »

 

Toyota shifts gears to lift Prius' prospects in China

April 23, 2014 06:01 CET
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

 

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

 

GM faces NHTSA probe over '14 Chevy Impala automatic brakes

3:19 pm U.S. ET | April 22, 2014
U.S. regulators are investigating whether a 2014 Chevrolet Impala's automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash.... Read More »

 

JESSE SNYDER

New Russian outlook: 'Slower, lower, weaker'

3:50 pm U.S. ET | April 22, 2014
Days after Russia annexed a province of Ukraine and U.S. and European forces mobilized, you'd expect a conference on the future of the Russian auto industry to be pessimistic.... Read More »

 

Toyota shifts gears to lift Prius' prospects in China

12:34 pm U.S. ET | April 22, 2014
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

 

GM requests protection in N.Y. court against ignition switch lawsuits

7:04 am U.S. ET | April 22, 2014
GM filed a motion in a federal bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class-action lawsuit that seeks to set aside the restriction.... Read More »

 

109,000 Mazda Tributes recalled for rust-related steering issue

12:32 pm U.S. ET | April 21, 2014
Mazda is recalling 109,000 Tribute compact SUVs in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.... Read More »

 

New system, but no quick fix for GM

12:01 am U.S. ET | April 21, 2014
When General Motors last week unveiled a new way for dealers to order parts for the ignition-system recall, it reminded dealers of a hard truth: They'll be waiting for parts -- and placating impatient customers -- at least well into the autumn.... Read More »

 

Plaintiffs call GM bid to freeze ignition suit a 'red herring'

10:49 am U.S. ET | April 21, 2014
GM's bid to freeze a lawsuit over faulty ignition switches may compromise public safety, plaintiffs told a judge in California, calling the automaker's claim that its 2009 bankruptcy shielded it from the old GM's liabilities “irrelevant” and a “red herring.”... Read More »

 

Payout czar set to dive into GM legal mess

12:01 am U.S. ET | April 21, 2014
Kenneth Feinberg soon may begin trying to put a dollar figure on the damage inflicted by the faulty ignition switches in General Motors cars.... Read More »

 

NHTSA closes 4-year probe into Saturn Ion power steering problems

9:19 am U.S. ET | April 21, 2014
Safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.... Read More »

 

2014 NEW YORK AUTO SHOW

Nissan to offer smart mirror in U.S.

12:01 am U.S. ET | April 21, 2014
Nissan's newly developed smart rearview mirror -- which it had planned to offer only as an aftermarket dealer option in Japan -- will become a U.S. factory feature next year.... Read More »

 

More vehicles, walkers join accident prevention study

12:01 am U.S. ET | April 21, 2014
The University of Michigan plans to triple the number of study vehicles outfitted with vehicle-to-vehicle communications, the next phase of a road test of equipment designed to prevent accidents.... Read More »

 

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