Business and Finance

Honda ran tests on fatal airbag flaw, frustrated by Takata reticence, report says

7:34 am U.S. ET | Dec. 17, 2014
Honda was so concerned by mounting recalls for Takata airbags -- and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel -- that it bought used and scrapped cars in Japan to conduct its own tests....
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Volvo to provide 4-year subscription to SiriusXM traffic, weather information

3:40 pm U.S. ET | Dec. 17, 2014
Volvo customers will receive a 4-year subscription to SiriusXM traffic and weather information when purchasing a 2015 1/2 model equipped with the latest generation of Volvo Sensus Connect, the company's connected car platform, Volvo said Wednesday....
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Mercedes-Benz USA mulls move south, reports say

9:17 am U.S. ET | Dec. 17, 2014
Mercedes-Benz, after more than 40 years in New Jersey, is considering moving its U.S. headquarters south to Georgia or North Carolina, according to media reports....
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Visteon to sell Halla Climate unit stake for $3.6 billion

12:38 pm U.S. ET | Dec. 17, 2014
Visteon has agreed to sell a majority stake in Halla Visteon Climate Control to South Korea’s Hankook Tire and its investment partner for $3.6 billion, to focus on connected-vehicle solutions and cockpit electronics....
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JIM HENRY

Will the CFPB redefine “larger”?

12:01 am U.S. ET | Dec. 17, 2014
Auto industry watchers that formally weighed in on the Consumer Financial Protection Bureau’s definition of “larger” auto lenders took predictable positions before the public comment period closed last week....
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VW will oust head product strategist, report says

Dec. 17, 2014 15:22 CET
Volkswagen will oust its head product strategist, Klaus-Gerhard Wolpert, sources said, as the company increases efforts to raise profitability. Former Porsche executive Wolpert, who oversees strategy affecting more than 100 models across the multi-brand group, will be moved to VW's heavy trucks division, two sources told Reuters....
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PSA may move Paris headquarters, report says

Dec. 17, 2014 15:01 CET
PSA/Peugeot-Citroen is considering shifting its headquarters away from the center of Paris as a cost-cutting push impacts executive ranks, Bloomberg reported....
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Asian carmakers' Russia ambitions hit by ruble collapse

Dec. 17, 2014 13:28 CET
Asian carmakers, which have been gaining market share in Russia at the expense of European and U.S. rivals, have been hit as the ruble plunges and auto sales skid....
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Supplier Brose to invest $97.6M in Detroit area expansion, add 388 jobs

8:21 am U.S. ET | Dec. 17, 2014
Brose North America plans to invest $97.6 million to expand at three locations around Detroit, generating 388 new jobs....
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THE GM RECALL

GM customers demand payment for 'callous cover-up' of defect

7:56 am U.S. ET | Dec. 17, 2014
Owners of General Motors cars with faulty ignition switches turned to the only judge who can help them, saying it's wrong to shield the automaker behind bankruptcy law....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mercedes pushes S-class plug-in's zip

Dec. 17, 2014 06:01 CET
Mercedes-Benz's marketing plan for the new S-class plug-in hybrid aims to show prospective buyers that going green doesn't mean slowing down or paying more....
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Alfa Romeo readies high-performance engines

Dec. 17, 2014 08:55 CET
Alfa Romeo plans to introduce new high-performance engines, including a range-topping V-6, in a bid to reconnect the brand to its sporty heritage....
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Budget brands win despite Europe's car sales slowdown

Dec. 16, 2014 09:33 CET
New-car registrations in Europe rose 1 percent in November, with budget brands beating the market as nervous consumers kept a tight lid on spending. Vehicle sales in the EU and EFTA markets advanced to 989,457 cars. Eleven-month sales are up 6 percent to 12 million....
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The road ahead for NHTSA's new chief

10:30 pm U.S. ET | Dec. 16, 2014
Mark Rosekind, confirmed to head the National Highway Traffic Safety Administration, faces immediate pressure to take a tougher stance with automakers and suppliers on safety matters, reset the agency's culture and manage the coming wave of autonomous-vehicle and other advanced technologies....
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U.S. prepares for legal battle with Takata over airbag recall

10:33 pm U.S. ET | Dec. 16, 2014
U.S. regulators investigating failures of Takata Corp. airbags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall....
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Takata hires PR firm Sard Verbinnen amid airbag recall crisis

1:34 pm U.S. ET | Dec. 16, 2014
Takata said it has hired public relations firm Sard Verbinnen as the company contends with the fallout from its recall crisis for potentially defective airbag inflators that can spray vehicle occupants with metal shrapnel....
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Michigan dealer Bill Snethkamp dies at 65

2:03 pm U.S. ET | Dec. 16, 2014
Third-generation Chrysler dealer Bill Snethkamp, president of Bill Snethkamp's Chrysler-Dodge-Jeep-Ram in Michigan, died Friday. He was 65....
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RICHARD TRUETT

Handicapping the finalists for North American Car, Truck of Year

11:00 am U.S. ET | Dec. 16, 2014
Automakers love winning awards for best in show. Most would dispatch an executive to Nome, Alaska, in February to pick up some shiny hardware for the company’s trophy case....
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Nissan Titan goes big rig

11:00 am U.S. ET | Dec. 16, 2014
Despite lackluster sales, Nissan is giving the Titan another shot. An all-new version of the full-size pickup is scheduled to be shown in Detroit in January at the North American International Auto Show....
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AutoTrader.com joins rivals in offering dealership reviews

11:37 am U.S. ET | Dec. 16, 2014
AutoTrader is adding dealer reviews to its website after long resisting them. The giant vehicle shopping site has agreed to post consumer reviews of dealerships collected by DealerRater, the two companies announced today....
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Autoweek names Volkswagen Golf GTI and GMC Canyon as 2015 Best of the Best

7:50 am U.S. ET | Dec. 16, 2014
Autoweek, the auto enthusiast sister publication of Automotive News, today named the Volkswagen Golf GTI and GMC Canyon truck as its Best of the Best car and truck for 2015....
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TRW strikes $440 million deal to shift U.S. pensions

2:49 pm U.S. ET | Dec. 16, 2014
TRW Automotive Holdings struck a deal to transfer U.S. pension obligations to MetLife as the maker of auto parts works to limit liabilities....
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Honda recalls 569,000 vehicles in China over Takata airbags

6:49 am U.S. ET | Dec. 16, 2014
Honda is calling back about 569,000 vehicles in China to investigate potential defects with airbags made by Takata, underscoring the global reach of the safety crisis after similar campaigns in the US, Canada and Japan....
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Volvo plans 3-cylinder engines for 60-series cars

11:00 am U.S. ET | Dec. 16, 2014
Volvo is developing new three-cylinder engines that will appear in its 60-series cars, like the S60 sedan, V60 wagon, and the XC60 crossover.
...
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Jaguar Land Rover's virtual windshield makes blind spots vanish

6:15 am U.S. ET | Dec. 16, 2014
Jaguar Land Rover is testing a new 360-degree virtual urban windshield which gives drivers a full view of the environment around the car and eliminates blind spots that often lead to accidents.
...
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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