Automakers

GABE NELSON

Why Honda is venturing into Oculus' virtual world

11:56 am U.S. ET | Oct. 23, 2014
From the back seat of an Acura MDX, I peered out at a stone house on a cliff, fields of wind-swept grass and blue butterflies close enough to touch. All of it was a mirage. In reality, I was in the parking lot of the Honda Silicon Valley Lab in Mountain View, Calif....
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Dana Q3 net income leaps to $90 million

3:52 pm U.S. ET | Oct. 23, 2014
Powertrain component supplier Dana reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier....
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GM operating profits fall 14% in Q3 on flat revenue

7:45 am U.S. ET | Oct. 23, 2014
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent....
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N.Y. taxi owners to fight Nissan's 'Taxi of Tomorrow' in court of appeals

3:34 pm U.S. ET | Oct. 23, 2014
New York taxi fleet operators won permission to challenge the city's $1 billion plan for the "Taxi of Tomorrow," a new fleet of cabs from Nissan, before the state's top court....
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Nissan expands Takata airbag recall by 260,000 units worldwide

7:08 am U.S. ET | Oct. 23, 2014
Nissan today expanded a global recall of cars using Takata-made airbags, which have been linked to four deaths in Honda cars....
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Mazda may appeal $10 million accident verdict in Ala.

12:47 pm U.S. ET | Oct. 23, 2014
Mazda said it is considering an appeal of an Alabama jury order to pay $9.9 million to the victims of a 2010 crash that resulted in a fuel-fed fire, injuring the driver and killing the only passenger....
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Toyota claims 'healthy' supply of replacement airbags

12:26 pm U.S. ET | Oct. 23, 2014
Toyota has a “healthy” supply of replacement parts that should allow dealers to move forward with repairs required by the widening recall of airbags made by supplier Takata, said Bob Carter, senior vice president of the automaker’s U.S. sales unit....
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Land Rover production will continue to boom in UK despite new China plant

Oct. 23, 2014 09:39 CET
Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is also built. The Evoque is the first model produced in Jaguar Land Rover's new factory in Changshu, northwest of Shanghai....
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EU will allow car emissions into carbon trading market

Oct. 23, 2014 13:55 CET
The European Union will make it easier to bring road transport emissions into the carbon trading market, a move critics say could empower carmakers to push back against more effective curbs on greenhouse gases....
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Lotus names Carr as new design chief

Oct. 23, 2014 12:09 CET
Lotus's design boss, Donato Coco, a former styling chief at Ferrari, will leave the UK sports car maker. Coco, one of a number of star hirings made by former CEO Dany Bahar, will be replaced by the carmaker's current design manager, Russell Carr....
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Hyundai's third-quarter profit falls 29% on firmer currency, sluggish sales

Oct. 23, 2014 11:15 CET
Hyundai posted a 29 percent decline in third-quarter net profit, the steepest drop in at least six quarters. The automaker was hit by slowing sales growth and a stronger local currency but expects earnings to bounce back in the fourth quarter....
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Daimler third-quarter profit rises as Mercedes sales expand

Oct. 23, 2014 08:45 CET
Daimler reported a 21 percent increase in third-quarter profit. The Mercedes cars division's profit widened to 8.5 percent of revenue, the highest in more than two years, helped by fresh product....
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Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

8:38 am U.S. ET | Oct. 22, 2014
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs....
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UAW eyes bargaining rights at VW's Tenn. plant within a year

8:05 pm U.S. ET | Oct. 22, 2014
The UAW hopes to be recognized as the exclusive bargaining agent for workers at Volkswagen's assembly plant in Chattanooga within a year, union President Dennis Williams said Wednesday....
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BMW to lower mpg ratings on 4 Mini Cooper models

11:57 am U.S. ET | Oct. 22, 2014
BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today. The EPA completed a fuel economy audit on the Mini Cooper and found actual mpg lower than the figures BMW submitted for certification, a statement said....
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Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg....
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NHTSA apologizes as scrutiny in airbag case grows

10:22 pm U.S. ET | Oct. 22, 2014
The National Highway Traffic Safety Administration’s top official, facing heightened scrutiny over the agency’s handling of a deadly airbag defect, apologized late Wednesday for publishing inaccurate information this week in the agency’s warnings about the defect and for technical glitches that made its online recall search tool largely inaccessible....
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CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. Daimler sold its 4 percent Tesla stake for $780 million....
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U.S. prosecutors probe Takata over recalls

6:00 pm U.S. ET | Oct. 22, 2014
The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls....
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GABE NELSON

Three factors in Daimler's $780M sale of Tesla stock

8:39 pm U.S. ET | Oct. 22, 2014
When Mercedes-Benz parent Daimler disclosed it had sold its 4 percent stake in Tesla Motors for a handsome $780 million, people naturally rushed for a simple explanation....
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Toyota says potential Mexico plant still far from approval

4:05 pm U.S. ET | Oct. 22, 2014
Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management....
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Has the Hyundai Sonata lost its mojo after redesign?

7:50 am U.S. ET | Oct. 22, 2014
The revamped Sonata sedan was supposed to help Hyundai Motor Co. reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market....
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List of 7.8 million vehicles involved in the Takata airbag recalls

6:50 am U.S. ET | Oct. 22, 2014
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration....
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Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent....
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CHRISTIAAN HETZNER

Why Daimler doesn't share investors' love affair with Tesla

9:14 am U.S. ET | Oct. 22, 2014
Are Tesla shares overvalued? If you ask Daimler, investors have gotten ahead of themselves with their exuberant love for Elon Musk's EV carmaker. On Tuesday, Daimler decided to cash out on its 4 percent stake for the price of $780 million....
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Special Report
How #1 store scores with employees

How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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