Shareholders of TRW Automotive Holdings Corp. have approved a $13.5 billion takeover bid from ZF Friedrichshafen AG by a 79:21 margin.
The companies expect the merger to be completed in the first half of 2015. ZF submitted its bid in September at $105.60 per share.
Toyota to Recall Lexus Cars to Fix Fuel Leak
Posted: November 21, 2014 at 12:30 pm
Toyota Motor Corp. is preparing to recall 442,500 Lexus luxury cars in the U.S. to...
TRW Stockholders Approve ZF’s Takeover Bid
Posted: November 21, 2014 at 12:46 am
Shareholders of TRW Automotive Holdings Corp. have approved a $13.5 billion takeover bid from ZF...
Honda Suggests States Link Vehicle Registration to Recalls
Posted: November 21, 2014 at 12:28 am
Honda Motor Co. says state governments help could improve the repair rate for recalls by...
Carlisle to Head GM Canada
Posted: November 21, 2014 at 12:07 am
General Motors Co. has named Stephen Carlisle as president and managing director of GM of...
Honda Admits Failing to Flag Airbag Flaw Sooner
Posted: November 20, 2014 at 9:25 pm
Honda Motor Co. acknowledged to the Senate Committee on Commerce, Science and Transportation earlier today...
Arizona Sues GM for $3 Billion
Posted: November 20, 2014 at 7:21 pm
A lawsuit filed by Arizona’s attorney general claims General Motors Co. defrauded the state’s consumers...
GM Taps Purchasing Chief to Head Global Quality
Posted: November 20, 2014 at 6:09 pm
General Motors Co. has named Grace Lieblein, previously head of global purchasing and supply chain,...
6% of Cars Fixed So Far in Takata Airbag Recalls
Posted: November 20, 2014 at 12:08 am
Only about 6% of the 8 million vehicles recalled in the U.S. over the past...
Cadillac Aims to Double Sales by 2020
Posted: November 19, 2014 at 9:13 pm
Cadillac will begin reporting its own financial results in about 2017 and double its worldwide...
White House Nominates New Head for NHTSA
Posted: November 19, 2014 at 8:54 pm
The Obama administration has nominated Mark Rosekind, a member of the National Transportation Safety Board,...
Takata Protests Widened U.S. Airbag Recall
Posted: November 19, 2014 at 8:04 pm
Takata Corp., whose defective airbag inflators are being recalled on a regional basis in the...
Toronto Asks Court to Shut Down Uber Car-Share Service
Posted: November 19, 2014 at 12:38 am
Toronto is the latest city to ask a court to shut down Uber Technologies Inc.,...
REVISED: NHTSA Orders Nationwide Takata Airbag Recalls
Posted: November 18, 2014 at 6:34 pm
Five carmakers are being told to go nationwide with their regional recalls of cars equipped...
Honda Extends Airbag Replacement Offer Beyond Recalled Models
Posted: November 18, 2014 at 2:18 pm
Honda Motor Co. has posted a message on its U.S. customer Web site offering to...
Florida Family Sues Honda, Takata Over Airbag Explosion
Posted: November 18, 2014 at 4:12 am
The family of a woman who died in Orlando, Fla., last month after the airbag...
NHTSA Tells Chrysler to Speed Up Fuel Tank Fixes
Posted: November 21, 2014 at 12:04 pm
The National Highway Traffic Safety Administration has advised Fiat Chrysler Automobiles NV to accelerate its...
Four Minivans Flunk IIHS Offset Crash Test
Posted: November 20, 2014 at 11:22 pm
The Nissan Quest, Chrysler Town & Country, Dodge Grand Caravan and Volkswagen Routan minivans all...
0-60 in 3.9 Seconds for New Cadillac ATS-V
Posted: November 20, 2014 at 12:44 am
Cadillac’s new ATS-V sport sedan will debut next spring with the brand’s first twin-turbocharged engine. The...
Mazda Unveils CX-3 Mini-Crossover
Posted: November 20, 2014 at 12:09 am
Mazda Motor Corp. is aiming its pint-sized CX-3 crossover at the fast-growing market for mini-SUVs....
Volkswagen Debuts 296-hp Sport Wagon
Posted: November 19, 2014 at 12:32 am
Volkswagen AG is presenting a 296-hp wagon version of its Golf R hatchback at the...
Fuel-Cell Challenge: More Hydrogen Refueling Facilities
Posted: November 19, 2014 at 12:27 am
Carmakers are poised to test consumer interest in fuel-cell-powered cars, beginning with the debut of...
JLR Unveils Voice-Activation System
Posted: November 19, 2014 at 12:12 am
Jaguar Land Rover’s new JustDrive system will enable operators of its 2015 models to use...
Ford Recalls Fusion for Ignition Key Fault
Posted: November 19, 2014 at 12:03 am
Ford Motor Co. is recalling 65,000 of its 2014-2015 model Fusion midsize sedans to fix...
Posted: November 18, 2014 at 12:01 pm
The oldest known Batmobile will be auctioned on Dec. 6 by Dallas-based Heritage Auctions. The 1963...
Ex-Blackberry Chief to Head Powermat Wireless Charger Maker
Posted: November 18, 2014 at 11:25 am
Powermat Technologies Ltd., the maker of wireless charging mats for cell phones and other personal...
Toyota Touts Fuel-Cell Car as Key to Energy Diversity
Posted: November 18, 2014 at 2:30 am
Toyota Motor Corp. is positioning its new Mirai fuel-cell-powered sedan as a first step toward...
Bosch Says Fuel-Cells Vehicles Will be Viable By 2025
Posted: November 17, 2014 at 3:15 pm
Fuel-cell-powered cars will become commercially viable by 2025, predicts Wolf-Henning Scheider, who heads the automotive...
Ford Slows the Pace of New-Model Launches
Posted: November 17, 2014 at 2:16 am
CEO Mark Fields says Ford Motor Co. has stretched out the pace of its new-model...
Audi Launches Pilot Plant to Make Synthetic Diesel Fuel
Posted: November 17, 2014 at 1:56 am
Audi AG has begun operating a pilot plant in Dresden, Germany, that uses “green” electricity...
Toshiba Expands Image Recognition Chip Offerings
Posted: November 14, 2014 at 2:58 pm
Toshiba Corp. is introducing a new line of image recognition processors for automotive use. Sample...
JLR Complains of Copycat SUV in China
Posted: November 21, 2014 at 1:40 am
Jaguar Land Rover Ltd. is pondering what action to take about what one analyst describes...
Toyota Leads Carmakers in Net Profit
Posted: November 20, 2014 at 11:04 pm
Toyota Motor Corp. easily outpaced Volkswagen AG as the world’s most profitable carmaker in their...
VW to Boost Investment in China
Posted: November 19, 2014 at 12:08 am
Volkswagen AG, whose sales in China jumped 16% last year, says a lack of capacity...
Car Sales in China Expand 6%
Posted: November 18, 2014 at 2:57 am
Demand for new passenger vehicles in China grew by a relatively sluggish 6% to 1.7...
VW Plans Special Sedan, SUV for India
Posted: November 18, 2014 at 1:13 am
Volkswagen AG tells the Financial Times it is developing an entirely new small sedan for...
Indonesia Hikes Fuel Prices 30%
Posted: November 18, 2014 at 12:48 am
Indonesia has reduced government subsidies on fuel in an effort to save the country’s economy...
Japan Falls into Recession Again
Posted: November 17, 2014 at 1:15 am
Japan’s gross domestic product, which shrank by a revised 7.3% in April-June, contracted 1.6% in...
Qoros to Add Small SUV to Lineup
Posted: November 17, 2014 at 1:01 am
Chinese carmaker Qoros plans to unveil its first SUV this week at the Guangzhou auto...
U.S. Indicts Execs from NSK, Jtekt on Price Fixing
Posted: November 14, 2014 at 2:21 pm
The U.S. Dept. of Justice has indicted two Japanese executive on charges of conspiring to...
Tata’s Net Income Drops 7%
Posted: November 14, 2014 at 11:34 am
Tata Motors Ltd.’s revenue rose 8% to 602 billion rupees ($9.7 billion) in the fiscal...
Takata Warns of Larger Losses on Airbag Recalls
Posted: November 14, 2014 at 10:16 am
Takata Corp. says it now expects to lose 25 billion yen ($214 million) in the...
Aisin Seiki Pleads Guilty to Price Fixing in U.S.
Posted: November 13, 2014 at 1:51 pm
Aisin Seiki Co. will plead guilty and pay a $36 million criminal fine in the...
Toyota Launches Three Global Recalls of 361,800 Vehicles
Posted: November 13, 2014 at 1:48 am
Toyota Motor Corp. said on Wednesday it is preparing to begin three recalls to fix...
Honda Expands Airbag Recall After Malaysia Crash
Posted: November 13, 2014 at 1:02 am
Honda Motor Co. is adding 170,000 vehicles, including Fit minicar and Civic small sedan to...
Former Honda CEOs Warn Honda’s Leader on Quality Crisis
Posted: November 12, 2014 at 11:12 am
Two former Honda Motor Co. CEOs have urged current CEO Takanobu Ito to take the...
Suzuki to Restore Second Shift at Hungarian Factory
Posted: November 21, 2014 at 2:31 pm
Suzuki Motor Corp. will resume two-shift production in December at its assembly plant in Esztergom,...
VW Plans €85 Billion Spending Blitz
Posted: November 21, 2014 at 8:15 am
Volkswagen AG says it will invest €86 billion over the next five years on new...
Schaeffler Operating Profit Surges 36%
Posted: November 21, 2014 at 1:06 am
Schaeffler Group’s earnings before interest and taxes climbed to €428 million in the third quarter...
Opel to Add Flagship SUV in Five Years
Posted: November 20, 2014 at 7:45 pm
General Motors Co. says its Opel unit will introduce an all-new SUV to the top...
Volvo Aims to Hike U.S. Sales by Nearly Two-Thirds
Posted: November 20, 2014 at 7:00 pm
Volvo Car Group, which sold 61,200 cars in the U.S. last year, says it expects...
Ford Will Reduce Minivan Workforce in Romania
Posted: November 20, 2014 at 12:13 am
Ford Motor Co. says it will dismiss about 680 workers next year at its assembly...
Takata Shifting BMW Airbag Inflators Output from Mexico to Germany
Posted: November 20, 2014 at 12:03 am
BMW AG tells U.S. safety authorities that Japan’s Takata Corp. will relocate production of airbag...
More Jobs Cuts Coming at PSA
Posted: November 19, 2014 at 4:22 pm
PSA Peugeot Citroen aims to eliminate as many as 2,450 jobs in France next year,...
BMW, Daimler to Share Suppliers in Mexico
Posted: November 19, 2014 at 10:10 am
BMW AG and Daimler AG are cooperating with each other to build a local supply...
SEAT Brand to Exit Russian Market
Posted: November 19, 2014 at 12:10 am
Volkswagen AG says it will stop selling SEAT cars in Russia next year because of...
Economic Sentiment for Germany Posts First Gain in 2014
Posted: November 18, 2014 at 1:00 pm
The closely watched ZEW Indicator of Economic Sentiment for Germany has recorded its first gain...
October Car Sales Rise 6% in Europe
Posted: November 18, 2014 at 4:09 am
Passenger vehicle registrations climbed to 1.11 million across Europe last month from 1.05 million in...
Porsche SE Warns of Possible Fines Over Failed VW Takeover
Posted: November 17, 2014 at 1:07 am
Porsche Automobile Holding SE tells shareholders it may be ordered to repay “economic benefit” derived...
Brembo Hikes Outlook as Profit Jumps 51%
Posted: November 17, 2014 at 12:35 am
Brake maker Brembo SpA reports its third-quarter revenue climbed 12% to €439 million, and net...
Eurozone Economy Grows 0.2%
Posted: November 14, 2014 at 10:48 am
The eurozone’s gross domestic product expanded 0.2% from the second to third quarter of 2014,...
|American Axle & M||20.84||+0.36|
|Autoliv, Inc. Com||99.44||+0.01|
|Borgwarner Inc. C||58.22||+0.54|
|Cummins Inc. Comm||148.45||+4.49|
|Cooper Tire & Rub||32.44||-0.26|
|Dana Holding Corp||21.21||-0.04|
|Denso Corp Ltd Ad||23.52||+0.23|
|Fiat Chrysler Aut||12.26||+0.04|
|Ford Motor Compan||15.43||-0.03|
|General Motors Co||32.13||0.00|
|The Goodyear Tire||26.475||+0.275|
|Honda Motor Compa||31.74||+0.58|
|Meritor, Inc. Com||14.14||+0.12|
|Nissan Mtr Spon A||18.31||-0.015|
|Tenneco Inc. Comm||56.15||+0.11|
|Toyota Motor Corp||121.29||+1.57|
|Trw Automotive Ho||103.22||+0.56|