Company Information

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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Bosch's automotive head quits to become CEO of Mahle

Dec. 17, 2014 18:09 CET
The head of Bosch's automotive division, Wolf-Henning Scheider, has quit the world's top-ranked supplier to head smaller German rival Mahle, a maker of engine components....
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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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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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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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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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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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Ford hires ex-GM sales analyst to boost connectivity technologies

3:18 pm U.S. ET | Dec. 15, 2014
Ford said today it has hired Paul Ballew, a former GM sales analyst, to help speed development of autonomous-driving, mobility and connectivity technologies....
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THE GM RECALL

GM approves 4 more death claims for recall comp fund

11:21 am U.S. ET | Dec. 15, 2014
Claims for compensation from a faulty ignition switch in General Motors vehicles rose by 64 filings in the last week and GM has approved four more death claims attributed to the defective switch, according to an official report issued today....
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Bentley raises car sales target to 20,000, report says

Dec. 15, 2014 10:12 CET
Bentley is targeting 20,000 annual deliveries by 2020, double its 2013 sales, boosted by new models such as its first SUV, a report said....
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Tax deal sets up Chrysler to churn out more 8-speeds

12:01 am U.S. ET | Dec. 15, 2014
Chrysler Group plans to expand production of its eight-speed rear-wheel-drive transmissions by investing $266 million in its massive Kokomo, Ind., transmission complex....
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Takata tightens screws on suppliers as airbag crisis mounts, report says

8:05 am U.S. ET | Dec. 14, 2014
Takata has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, people familiar with the situation told Reuters....
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JAMES B. TREECE

FTC finds fine print too fine, imposes fines

12:01 am U.S. ET | Dec. 14, 2014
Dealers should remember Americans are getting older. And while smartphone screens are getting bigger, they're still dinky compared to that big-screen TV on your wall. Think big print....
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Chrysler expands airbag recall tally following NHTSA criticism

6:31 am U.S. ET | Dec. 12, 2014
Chrysler Group has agreed to further expand its regional recall of older-model Dodge and Chrysler vehicles equipped with airbag inflators manufactured by Takata -- a week after federal safety regulators criticized the automaker's response to the airbag crisis....
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Renault-Nissan Alliance shuffles purchasing team

3:04 pm U.S. ET | Dec. 12, 2014
The Renault-Nissan Alliance said today has shuffled its executive purchasing team, promoting Yasuhiro Yamauchi, 58, to executive vice president of the two companies' joint purchasing operation....
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Ford elects former FCC chairman Kennard to its board

12:38 pm U.S. ET | Dec. 12, 2014
Ford elected William Kennard, former US ambassador to the European Union and FCC chairman, to its board of directors....
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Skoda shifts new Superb flagship upscale

Dec. 12, 2014 10:13 CET
Skoda will launch the third generation of its Superb flagship in mid-2015 after the midsize sedan debuts at the Geneva auto show in March. Skoda said the new Superb has shifted to the upper end of its segment....
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Tesla’s China president resigns after less than 9 months in post

7:00 am U.S. ET | Dec. 12, 2014
Tesla Motors said its top manager in China is leaving the company after less than nine months in the position....
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Ford-Getrag JV names new COO

Dec. 12, 2014 06:01 CET
Getrag Ford Transmissions, a joint venture between the U.S. automaker and the German supplier, has named Sue Slaughter as its chief operating officer. Getrag also appointed a new Asia boss....
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Aston Martin seeks funds for new models, report says

Dec. 11, 2014 21:56 CET
Aston Martin is preparing to raise funds to expand its range of models into new areas including SUVs, Reuters reported, as the money-losing supercar maker steps up its turnaround efforts under a new boss....
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Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
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Fields predicts 'breakthrough year' for Ford in 2015

4:33 pm U.S. ET | Dec. 11, 2014
Ford CEO Mark Fields said 2015 will be “a breakthrough year” for Ford after a large number of vehicle launches trimmed profit margins in 2014. “Our investments are going to be paying off,” Fields said at a media event to unveil the newest generation of its Sync infotainment system. “This sets us up for growth beyond 2015.”...
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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, 5th-generation dealer Jamie Richter, acting on his dad's advice, has taken luxury-hotel touches and applied them to his newly built showroom. Mon., December 15
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