Company Information

GM president rebuffs Marchionne's merger talk

May 26, 2015 17:10 CET

General Motors sees no need to merge with another automaker to maintain profitability, the company's president, Dan Ammann, said. Ammann was commenting after a report said Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra suggesting combining the automakers....
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House panel sets hearing on Takata recalls

3:19 pm U.S. ET | May 26, 2015

A House of Representatives panel has called a June 2 hearing to probe the Takata airbag recalls that last week mushroomed to cover 34 million vehicles....
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NGK says 2 execs retired before price-fixing indictments

2:38 pm U.S. ET | May 26, 2015

Two former executives with Japanese supplier NGK Spark Plug had retired before they were indicted Thursday on a charge of conspiring to fix prices of spark plugs, standard oxygen sensors and air fuel ratio sensors sold to some automakers in the US and elsewhere....
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Tata Motors profit falls as Jaguar Land Rover China demand wanes

May 26, 2015 15:13 CET

Tata Motors' quarterly profit slumped as demand for Jaguar Land Rover vehicles in China waned. Profit at the Jaguar Land Rover unit fell 33 percent to $465 million....
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Borgward's revival plan comes into focus

12:01 am U.S. ET | May 25, 2015

Bankrolled by a Chinese truckmaker and run by a former Daimler executive, Borgward's revival is starting to look real....
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Union effort at Toyota Canada stirs to life

12:01 am U.S. ET | May 23, 2015

The April announcement that Toyota will move Corolla production from Canada to a new Mexican plant has rejuvenated a unionizing campaign aimed at the automaker. Unifor is hoping to drum up support for a vote by the end of the year to determine if factories in Cambridge and Woodstock, Ontario, will become Toyota's first unionized plants in North America....
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Marchionne approached GM about a merger, but was rebuffed, NYT reports

8:31 pm U.S. ET | May 23, 2015

As part of his quest for a mega merger, FCA CEO Sergio Marchionne sent an email to General Motors CEO Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday....
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Daimler boosts German plant investment as it adds two new models

May 22, 2015 15:10 CET

Daimler plans to invest 750 million euros ($834 million) to modernize its Mercedes-Benz factory in Bremen, Germany, in preparation to build two new models....
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Connected cars could face data traffic jams, study says

1:02 pm U.S. ET | May 22, 2015

Traffic jams in the future could cause potentially dangerous data snarl-ups as cars packed with entertainment, safety and navigation features vie for airwaves with smartphones, tablets and networked features in other vehicles, according to a study....
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Recall completion rates declining, Autotrader surveys show

10:41 am U.S. ET | May 22, 2015

Following what's shaping up to be the largest industrywide recall in U.S. automotive history, automakers might have to convince recall-fatigued consumers to bring affected vehicles in for repairs....
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Audi will add Q8 in 2019, electric SUV in 2018

May 22, 2015 11:35 CET

Audi today said it will begin sales of the Q8 SUV in 2019 and launch an electric-powered sporty SUV in the upper-mid segment in 2018. The company will also add the subcompact Q1 crossover next year....
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Winterkorn says it will take time to replace Piech on Audi board

May 22, 2015 16:10 CET

Audi Chairman Martin Winterkorn said finding a board replacement for Ferdinand Piech will take time. Piech quit his Audi board role along with other VW Group posts last month after a public showdown with Winterkorn....
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Fiat unveils new model for key compact segment

May 21, 2015 13:31 CET

Fiat unveiled the first model in its new compact car family - the Aegea sedan. The car will go on sale in Turkey starting in November followed by a rollout in 40 countries in the company's Europe, Middle East and Africa region....
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GM to stay under strict U.S. oversight

4:07 pm U.S. ET | May 21, 2015

Federal safety regulators have extended for at least a year a consent order that subjects General Motors to close scrutiny on safety matters, a condition placed on GM in the wake of last year's ignition switch recall....
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THE AIRBAG RECALL CRISIS

NHTSA prepares to coordinate, accelerate Takata recall

11:54 am U.S. ET | May 21, 2015

Federal auto safety regulators are invoking a power never used before in order to accelerate the Takata airbag inflator recalls after the embattled supplier acknowledged on Tuesday that parts contained in nearly 34 million U.S. vehicles were defective....
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U.S. Attorney's office in Detroit added to Takata criminal case

10:50 am U.S. ET | May 21, 2015

US prosecutors in Detroit have joined the federal probe into Takata's defective airbag inflators that are linked to at least six deaths globally....
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PSA, Dongfeng plan to start production in Vietnam

May 21, 2015 11:12 CET

PSA/Peugeot-Citroen and its Chinese joint venture partner Dongfeng Motor Group will open an assembly plant in Vietnam and have already begun production in Malaysia....
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Autobytel acquires rival Dealix for $25 million

4:00 pm U.S. ET | May 21, 2015

Autobytel, one of the largest providers of sales leads to auto dealers, has purchased longtime rival Dealix for $25 million in cash. The deal brings together two of the most-prominent providers of leads, which are vehicle-buying prospects who want to be contacted by a dealer. They typically cost dealers $20 a piece....
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U.S. indicts 2 execs from NGK for price-fixing

1:39 pm U.S. ET | May 21, 2015

One current and one former executive with Japanese supplier NGK Spark Plug were indicted today on a charge of conspiring to fix prices of spark plugs, standard oxygen sensors and air fuel ratio sensors sold in the United States, the Justice Department said today....
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German carmakers team up with private equity firm to bid for Nokia map unit, report says

May 21, 2015 16:48 CET

Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia's map unit HERE, a report said. Automakers use HERE's maps in vehicle navigation systems and are counting on them to provide crucial context for upcoming collision-detection systems....
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VW works council boss calls for cuts to management board

May 21, 2015 15:40 CET

The head of Volkswagen Group's works council, Bernd Osterloh, has called for a pared-down management structure at the carmaker following the departure of Ferdinand Piech as the automaker's chairman....
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NEWS ANALYSIS

Can Takata survive historic U.S. airbag recall?

6:53 am U.S. ET | May 21, 2015

Automakers have largely stood behind airbag component maker Takata, taking the hit to their own reputations from a series of recalls related to the Japanese company's products that began in 2008. That loyalty is about to be put to the test....
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Schaeffler Q1 profit buoyed by vehicle demand, weak euro

May 21, 2015 11:41 CET

German supplier Schaeffler reported a 3.8 percent rise in quarterly operating profit because of robust demand from carmakers in the U.S. and China as well as the effects of a weaker euro....
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California dealer group sues TrueCar, claims website acts as dealer

2:21 pm U.S. ET | May 20, 2015

The California New Car Dealers Association is suing TrueCar, accusing the vehicle-shopping site of breaking California laws on dealer licensing, brokering, advertising and disclosure....
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Citroen names former BMW exec as China director

May 20, 2015 13:06 CET

Former BMW executive Sabine Scheunert is the new head of Citroen in China. Scheunert is the first woman to become director of a European brand in China and is responsible for Citroen's largest single market....
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Automotive News
Special Video Report
Nissan's Munoz: 'You grow or you go'

Nissan's Munoz: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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