Tesla posts $282 million 1st-quarter lossWed, 04, May 2016
Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla raise cash on hand during the first quarter of 2016 as it reported a wider net loss of $282 million. Revenue rose 22 percent to $1.1 billion.
Cooper-Standard Automotive parent posts 46% increase in Q1 net incomeWed, 04, May 2016
Cooper-Standard Holdings posted net income of $30.6 million in the first quarter, a 46 percent rise driven by an acquisition and record revenue.
Takata's fight for survival gets even harder as airbag recall widensWed, 04, May 2016
The world's largest automotive safety recall is about to get even bigger, adding to the hurdles that Japanese airbag supplier Takata is battling to survive the crisis.
2 top Tesla manufacturing execs to leave as biggest challenge loomsWed, 04, May 2016
Two top manufacturing executives are leaving Tesla Motors, including the global head of production, at a time when the electric-car company is preparing to launch its most important car: the mass-production Model 3.
Average fuel economy dips, likely driven by rising pickups, SUVs, researchers sayWed, 04, May 2016
After a record-breaking April for light-vehicle sales, the average fuel economy of those vehicles dipped slightly from March, a University of Michigan Transportation Research Institute report said.
BASF says tomorrow's vehicle colors could vary with your vantage pointWed, 04, May 2016
In a few years, the color of a new vehicle could vary depending on where you're standing. That's according to supplier BASF Corp.'s automotive division, which today highlighted 65 striking colors here that it said could be on vehicles by 2020.
U.S. orders massive expansion of Takata recallsWed, 04, May 2016
U.S. auto safety regulators ordered a dramatic expansion of the Takata airbag inflator recalls today, more than doubling the number of hazardous parts covered by the callbacks in a move that the auto industry will spend the next several years sorting out.
Takata poised to recall another 35-40 million U.S. airbag inflators, reports sayTue, 03, May 2016
Under pressure from U.S. regulators, Japanese airbag manufacturer Takata is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, according to several media reports today.
Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42MTue, 03, May 2016
Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.
FCA, Google confirm plan for self-driving prototypes based on hybrid Chrysler PacificaTue, 03, May 2016
Google has agreed to buy 100 plug-in hybrid minivans from Fiat Chrysler to expand its self-driving vehicle testing program, the two companies said today in the most advanced partnership to date between Silicon Valley and a carmaker.
Mercedes-Benz pickup takes shapeTue, 03, May 2016
The joint effort between the Renault-Nissan Alliance and Daimler AG that is expected to yield a pickup for Daimler's Mercedes-Benz subsidiary is starting to bear fruit. Spy photos of an early test mule have emerged showing the Mercedes truck -- likely to be named GLT -- taking shape from the Nissan Navara on which it is based.
Delphi doubles Q1 net income following acquisition, global growthWed, 04, May 2016
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.