Company Information

Ford will invest 240 million euros in UK on cleaner diesels

Oct. 20, 2014 11:31 CET
Ford will invest a further 240 million euros (190 million pounds) in its factory in Dagenham, southern England, as part of a new diesel engine program. Ford will start producing low-carbon 2.0-liter diesels at the factory late next year....
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Getrag, Dongfeng form dual clutch transmissions JV in China

Oct. 20, 2014 10:54 CET
Germany's Getrag formed a joint venture with Dongfeng to develop and produce dual clutch transmissions in China. The joint venture will start manufacturing transmissions for compact cars in 2016 at a factory in Wuhan....
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Late-model vehicles stretch GM's recall rolls

12:01 am U.S. ET | Oct. 20, 2014
An Automotive News analysis of documents filed with federal regulators shows that GM is moving faster to identify and fix problems but that many defects, especially in newer vehicles, are still reaching customers....
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JCI-Yanfeng could be first domino

12:01 am U.S. ET | Oct. 20, 2014
The major joint venture between Johnson Controls Inc. and China's Yanfeng Automotive Trim Systems Co. has created momentum for further consolidation of the auto interiors business, says Beda Bolzenius, president of Johnson Controls' seating and interiors business....
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MIKE WOOD: How hard are you willing to work?

12:01 am U.S. ET | Oct. 20, 2014
Long hours and hard work in the past few years turned Mike Wood from a dealership manager into a dealer with four stores. The market has been loaded with acquisition opportunities, he says, provided the buyer is willing to put in the sweat and hustle....
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Takata engineers struggled to maintain airbag quality, documents reveal

9:27 am U.S. ET | Oct. 18, 2014
Manufacturing problems with Takata airbags go beyond what the supplier has disclosed to federal safety regulators about why the devices are at risk of exploding with dangerous force, according to internal company documents reviewed by Reuters....
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Fourth U.S. traffic death linked to Takata airbags

12:05 pm U.S. ET | Oct. 17, 2014
A fourth traffic death in a Honda car has been linked to a defective airbag made by Japanese supplier Takata, according to a county medical examiner in Florida....
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Dodge 'Scat Pack' trim revival resurrects 1968 trademark dispute

11:33 am U.S. ET | Oct. 17, 2014
Dodge's attempts to revive its muscle car-era “Scat Pack” trims may have stepped in it in the process. Chrysler Group is being sued by a California aftermarket company for infringing on its nearly 50-year-old “Scat” trademark on the Dodge Challenger and other vehicles....
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2015 Mercedes S-class coupe wraps high-tech, high luxury in modern package

1:44 pm U.S. ET | Oct. 17, 2014
The 2015 Mercedes-Benz S-class coupe embodies the automaker’s new design philosophy of modern luxury, says Gorden Wagener, the brand’s design chief....
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Renault stake sale not a priority for French gov't

Oct. 16, 2014 11:12 CET
The French government has no plans to sell its 15 percent stake in Renault, Economy Minister Emmanuel Macron said. The government is selling off assets as part of a privatization drive....
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Third traffic death in U.S. linked to Takata airbags

4:11 pm U.S. ET | Oct. 16, 2014
A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata airbag -- the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker....
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Faurecia sales rise on European auto recovery, U.S. rebound

Oct. 16, 2014 17:55 CET
Faurecia said third-quarter revenue rose 6.5 percent on a rebound in U.S. sales and a tentative recovery in Europe's vehicle market....
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China to punish carmakers that fail to meet fuel economy targets

10:24 am U.S. ET | Oct. 16, 2014
China, taking another step to clean the nation's polluted skies, plans to punish automakers by restricting vehicle output and publicly naming violators if they fail to meet fuel economy rules on light vehicles set for 2015....
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Former Showa exec indicted in U.S. price-fixing probe

12:07 pm U.S. ET | Oct. 16, 2014
A former executive of Japanese auto parts supplier Showa has been indicted by a federal grand jury in Cincinnati on a charge of conspiring to fix the prices of parts sold to American Honda and others....
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Honda starts audit of injury, death reports to U.S. regulator

4:15 pm U.S. ET | Oct. 15, 2014
Honda asked a third party to determine whether the automaker underreported fatality and injury claims to federal regulators in the United States who are investigating airbag failures with potentially deadly defects....
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THE GM RECALL

GM sued for $10 billion over losses on 27 million recalled cars

1:43 pm U.S. ET | Oct. 15, 2014
General Motors was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices....
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GM's Q3 global vehicle sales up 2% on strong China, U.S. demand

10:43 am U.S. ET | Oct. 15, 2014
General Motors' global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States....
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JIM HENRY

Visions of a paper-free auto finance world

12:01 am U.S. ET | Oct. 15, 2014
What will auto finance look like in 2020? Chase Auto Finance exec Bill Jensen did some speculating recently at the Auto Finance Summit in Las Vegas....
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Bentley appoints Austrian dealership veteran as Europe sales boss

Oct. 15, 2014 06:01 CET
Bentley named Robert Engstler as its regional director for Europe. Austrian-born Engstler joins Bentley from the dealer group Porsche Holding Salzburg....
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Colorado Ford, Subaru dealer Carlson in line to become '16 NADA chairman

4:03 pm U.S. ET | Oct. 14, 2014
The National Automobile Dealers Association chose Colorado dealer Jeff Carlson as its next vice chairman, putting him in line to become chairman after Bill Fox of New York, who -- as expected -- will be NADA's 2015 chairman....
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Fiat Chrysler's Wall Street debut draws muted response

Oct. 14, 2014 09:32 CET
Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles, a move that shifts the carmaker's center of gravity away from Italy and caps a decade of dealmaking and tough restructuring by CEO Sergio Marchionne....
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Daimler lifted by jump in third-quarter earnings at Mercedes

Oct. 14, 2014 11:21 CET
Daimler reported a 29 percent jump in quarterly core earnings at Mercedes-Benz Cars, surprising investors wary of an economic slowdown....
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Citroen mulls production of SUV-styled C1

Oct. 14, 2014 10:36 CET
Citroen will launch a production version of the C1 Urban Ride concept if public response is favorable, the brand's CEO Linda Jackson said. The SUV-styled concept is based on the brand's C1 minicar....
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ZF forms chassis JV with Beijing Auto

Oct. 14, 2014 10:16 CET
German supplier ZF Friedrichshafen established a joint venture with China's Beijing Automotive Industry Corp. to build passenger-vehicle chassis parts for BAIC and its other joint ventures with Daimler and Hyundai....
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Fiat Chrysler rises in New York as challenger to Detroit Two

Oct. 13, 2014 12:51 CET
Fiat Chrysler Automobiles NV's debut on the New York Stock Exchange gives more investors in the United States the chance to tap into the growing global market for cars and trucks, while also taking a chance on a debt-burdened automaker....
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