Daimler to set aside $560 million to cover airbag recallThu, 19, May 2016
Daimler said today it would set aside around 500 million euros ($560 million) this year for the recall of some of its vehicles, which contain airbags made by Takata Corp.
Honda posts surprise quarterly loss, dragged down by Takata recallsFri, 13, May 2016
Honda posted a surprise net loss for its most recent quarter as its quality-related costs -- mostly to recall Takata-made airbag inflators -- nearly quadrupled for the full business year.
Bill Ford defends CEO Fields as shareholders gripe about stock priceThu, 12, May 2016
Ford Motor Executive Chairman Bill Ford defended the company's CEO, Mark Fields, when shareholders complained today about the company's sinking stock price. One investor made a request to bring back former CEO Alan Mulally as an adviser.
Tesla needs billions to meet Musk's assembly timelineThu, 12, May 2016
Tesla Motors may raise billions of dollars by selling stock to accelerate production plans, betting the benefits will be enough to outweigh the dilution of the share price.
U.S. growth boosts profit at Subaru parent; company to change name to Subaru Corp.Thu, 12, May 2016
The maker of Subaru vehicles, Fuji Heavy, said fourth-quarter net income rose 38 percent. The company also reported a third-straight year of record financial results. Fuji Heavy also said it will change its name to Subaru Corp.
Nissan quarterly operating profit surges 20% on N.A. gainsThu, 12, May 2016
North America powered Nissan to a 20 percent surge in global operating profit in the latest quarter thanks to hot-selling crossovers.
Toyota's net income falls 4% on lower sales, higher costs and currency lossesWed, 11, May 2016
Toyota's net income fell 4 percent in its latest quarter as lower sales, rising costs and foreign exchange rate losses hit earnings. The slowdown did not prevent the company from achieving a third year of record profit but it warned that a stronger yen will cause earnings to fall steeply.
Takata looks at restructuring after posting loss on recall costsWed, 11, May 2016
Takata said it was considering a drastic review of its inflator division and the sale of non-core businesses -- its first restructuring steps since becoming embroiled in a global recall crisis over potentially deadly airbags
Takata faces 'Titanic hitting iceberg' moment as recalls widenTue, 10, May 2016
Embattled Japanese supplier Takata is struggling to get ahead of its airbag recall crisis, with the latest full-year financial forecasts failing to take into account the U.S. regulator ordering a near-doubling in number of devices to be replaced.
Takata projects second annual loss on airbag recall chargesMon, 09, May 2016
Takata said it will probably report a second consecutive annual loss, pointing to the growing financial toll its airbag recalls were having even before the U.S. ordered the supplier to double the number of devices that will be replaced.
Volvo plans to raise $571 million in first bond issueFri, 06, May 2016
Volvo aims to raise 500 million euros ($571 million) by issuing the first corporate bond in its 89-year history, the carmaker said today.
American Axle Q1 profits rise 15% on lower costsFri, 06, May 2016
Drivetrain supplier American Axle & Manufacturing Holdings posted $61.1 million in net income in the first quarter, a 15 percent gain year-over-year.