Mitsubishi says 2013-17 audit showed no U.S. testing flawsWed, 27, Apr 2016
Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.
High warranty costs reflect Tesla's struggle with qualityWed, 27, Apr 2016
Tesla CEO Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to making good on that pledge.
Superior Industries more than triples Q1 net incomeWed, 27, Apr 2016
Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments.
Germany to introduce $4,500 subsidy for buying an EVWed, 27, Apr 2016
Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.
Icahn's Federal-Mogul returns to profitability in Q1Wed, 27, Apr 2016
Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.
GM to build new engine line in Tennessee, create 800 jobsWed, 27, Apr 2016
General Motors plans to spend $789 million to prepare its Spring Hill, Tenn., plant for production of a new engine program, creating nearly 800 jobs, GM said today.
Automakers face deadline to challenge deposition orders in supplier price-fixing litigationWed, 27, Apr 2016
General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain.
Why the Porsche-Piech family is not rushing in to fix VWWed, 27, Apr 2016
The Porsche-Piech clan, led by Wolfgang Porsche, that controls scandal-hit VW Group has the voting power to muscle through change at the automaker, but family members are not acting on it. That has left a power vacuum even as VW faces costs that could top $30 billion.
Lear net income surges 69% in Q1Wed, 27, Apr 2016
Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts.
Mitsubishi CEO, COO likely to resign over cheating, report saysWed, 27, Apr 2016
Mitsubishi Motors CEO Osamu Masuko and COO Tetsuro Aikawa are likely to resign over the Japanese automaker's manipulation of fuel economy data, Japanese media reported today. The scandal has halved the company's market value in a week.
VW said to hire McKinsey to address diesel scandalWed, 27, Apr 2016
VW Group has hired external advisers McKinsey & Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the matter told Bloomberg.
VW presentation described how to cheat emissions tests, report saysWed, 27, Apr 2016
A Volkswagen PowerPoint presentation from 2006 described “in detail” how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.