Ford Motor Co. tells investors it expects to report a pretax profit of $6 billion in 2014, short of the $7 billion-$8 billion it expected. The announcement prompted a 7% drop in the closing price of Ford shares on Monday.
The company says it adjusted its forecast downward because of an [...]
GM Maps Out Strategy to Boost Margins
Posted: October 1, 2014 at 1:04 pm
General Motors Co. CEO Mary Barra says her management team will focus on five strategies...
JCI to Sell Global Workplace Solutions Unit
Posted: October 1, 2014 at 4:29 am
Johnson Controls Inc. intends to shed its Global Workplace Solutions unit, which provides facilities, real...
AT&T Claims 2 Million Connected-Car Customers
Posted: October 1, 2014 at 4:17 am
AT&T Inc. says it has signed 2 million customers in the U.S. for its connected-car...
Ford Explorer Goes Upscale with Sport Model
Posted: October 1, 2014 at 4:04 am
Ford Motor Co. says its $47,000 Explorer Sport crossover is attracting a significantly younger and...
Chrysler Hikes Diesel Truck Output
Posted: September 30, 2014 at 3:48 am
Chrysler Group LLC says it will double its production of diesel-equipped Ram 1500 fullsize pickup...
GM Raises Ignition Switch Death Toll to 23
Posted: September 30, 2014 at 3:17 am
The General Motors Co. program to compensate victims of its defective ignition switches has now...
Ford Cuts Pretax Profit Forecast
Posted: September 30, 2014 at 3:11 am
Ford Motor Co. tells investors it expects to report a pretax profit of $6 billion...
Airstream to Boost Production Capacity 50%
Posted: September 30, 2014 at 3:05 am
Thor Industries Inc. says its Airstream unit will spend $6 million to hike production space...
UAW, German Labor Groups Aim to Organize VW’s Chattanooga Plant
Posted: September 29, 2014 at 5:48 pm
The United Auto Workers Union, Germany’s IG Metall union and the Volkswagen global works council...
Toyota Recalls 690,000 Trucks to Fix Faulty Suspension Springs
Posted: September 29, 2014 at 3:53 pm
Toyota Motor Corp. plans to recall about 690,000 Tacoma midsize pickup trucks in the U.S....
De Nysschen to Caddy Dealers: Things Will Get Worse Before They Get Better
Posted: September 29, 2014 at 8:20 am
Cadillac boss Johan de Nysschen tells dealers there will be tough times ahead as the...
Harley-Davison Recalls 106,000 Motorcycles to Fix Clutch, Fuel Tanks
Posted: September 29, 2014 at 5:51 am
Harley-Davidson Inc. will repair faulty clutch systems in 105,000 of its 2014 model motorcycles to...
Daimler Labor Chief to Meet with UAW
Posted: September 29, 2014 at 5:29 am
Daimler AG’s deputy chairman and head of the company’s works council Michael Brecht plans to...
Posted: September 27, 2014 at 12:00 pm
One of the enabling technologies for self-driving cars is the ability of one car to...
Daimler Adds Car2go Car-Share Service in Brooklyn
Posted: September 26, 2014 at 3:10 am
Daimler AG is preparing to deploy a fleet of 400 Smart minicars in Brooklyn, N.Y.,...
dSPACE Names Waeltermann as President
Posted: October 1, 2014 at 10:40 am
Peter Waeltermann has been officially appointed president of dSPACE Inc., the North American unit of...
Honeywell Bullish on Turbocharging
Posted: October 1, 2014 at 5:18 am
Honeywell International Inc.’s Turbo Technologies unit predicts the automotive turbocharger market will grow 14% annually...
Magneti Marelli Opens Exhaust System Plant in U.S.
Posted: October 1, 2014 at 4:21 am
Fiat SpA’s Magneti Marelli Holdings USA unit has opened its first exhaust system factory. The 100,00-sq-ft...
Ford Aims to Reduce Global Platforms to 8
Posted: September 30, 2014 at 3:31 am
Ford Motor Co. tells analysts that 99% of the cars and light trucks it builds...
VW Debuts Plug-In Hybrid Passat Wagon, Sedan
Posted: September 30, 2014 at 3:29 am
Volkswagen AG will publicly present plug-in hybrid versions of its redesigned Passat sedan and wagon...
NHTSA Will Review Claims of Chrysler Electronic Flaws
Posted: September 30, 2014 at 3:16 am
The National Highway Traffic Safety Administration says it will investigate claims that a flawed electronic...
Ford Plans Big Shift to LED Plant Lighting
Posted: September 30, 2014 at 3:09 am
Ford Motor Co. estimates it will cut its annual lighting energy use by 56 million...
U.S. Opens Probe into Unexpected Surging in Toyota Corollas
Posted: September 30, 2014 at 3:01 am
Safety officials have begun an investigation into complaints from Toyota Corolla owner that their cars...
Mazda Designer Resurrects Hope for Wankel-Powered Sports Car
Posted: September 29, 2014 at 6:23 am
The head of Mazda Motor Corp. design tells Automotive News he will “never give up”...
Brose Opens Parts Plant in Michigan
Posted: September 29, 2014 at 5:49 am
Brose North America has officially launched a $62 million factory in New Boston, Mich., to...
GM Seeks Student Ideas on 3-D Printing, Augmented Reality Devices
Posted: September 29, 2014 at 5:39 am
General Motors Co. will launch a competition in October among students at four U.S. universities...
Stingray’s “Valet Mode” Illegal in Some States
Posted: September 29, 2014 at 5:25 am
General Motors Co. will update software that controls the Chevrolet Corvette Stingray’s valet mode because...
Chrysler to Idle Windsor Minivan Plant for 12 Weeks
Posted: September 26, 2014 at 4:34 pm
Chrysler Group LLC plans to suspend production at its minivan factory in Windsor, Ont., for...
Ford Recall Targets Restraint System Glitch in 850,000 Vehicles
Posted: September 26, 2014 at 1:52 pm
Ford Motor Co. is recalling 850,000 of its 2013-2014 vehicles in North America to replace...
Renault Unveils 235-mpg Concept Car
Posted: September 26, 2014 at 2:45 am
Renault SA says it intends to gradually adopt the advanced fuel efficiency technologies showcased in...
Car Sales Slip in Japan
Posted: October 1, 2014 at 5:54 am
Passenger vehicle sales in Japan slipped about 1% to 518,800 units in September, according to...
Sumitomo Buys Car Leasing Unit in India
Posted: October 1, 2014 at 4:41 am
Sumitomo Corp. has acquired the leasing operations of Carzonrent India Pvt. Ltd., India’s largest personal...
Honda to Relocate Shanghai Motorcycle Plant
Posted: October 1, 2014 at 4:22 am
Honda Motor Co. will shut down a joint venture motorcycle plant in Shanghai and replace...
Hyundai Reaches Tentative Wage Deal in Korea
Posted: September 30, 2014 at 4:17 am
Union workers at Hyundai Motor Co. in South Korea will vote on Wednesday whether to...
Toyoda Gosei Agrees to Plead Guilty to Price Fixing in U.S.
Posted: September 30, 2014 at 4:04 am
Toyoda Gosei Co. Ltd. is the latest supplier to agree to plead guilty to rigging...
Skoda: No Plan to Cut Investment in India
Posted: September 29, 2014 at 5:44 am
Volkswagen AG’s Skoda unit denies a report by India’s Business Standard that it will trim...
Isuzu, GM to Develop Pickup Truck for Emerging Markets
Posted: September 29, 2014 at 4:41 am
Isuzu Motors Ltd. and General Motors Co. are moving forward with plans to co-develop a...
Boards Approve Hyundai’s $10 Billion Land Purchase
Posted: September 26, 2014 at 12:19 pm
Plans to spend 10.6 trillion won ($10 billion) for land on which to create a...
China to Drive Global Auto Sales Through 2015
Posted: September 25, 2014 at 10:09 pm
China’s share of the global auto market is likely to reach 27% this year and...
Senior Chinese Official Charged with Taking Bribes from Carmaker
Posted: September 24, 2014 at 10:48 am
A high-level Chinese regulatory official and his son been accused of accepting nearly 37 million...
GM Confident Its Sales in China Will Reach 3.4 Million
Posted: September 24, 2014 at 1:35 am
General Motors Co., which sold a record 3.16 million vehicles in China in 2013, reiterates...
Nissan, Mitsubishi Debut Automatic Braking for Minicars
Posted: September 23, 2014 at 10:43 pm
Automatic braking—a safety feature typically available only in high-end models—is quickly spreading in Japan’s minicar...
Hyundai, Kia Workers Launch Strikes
Posted: September 23, 2014 at 1:16 am
Workers at Hyundai Motor Co. and affiliate Kia Motors Corp. will conduct strikes this week...
Directors Weren’t Told Price of Hyundai Land Bid
Posted: September 23, 2014 at 12:11 am
The directors of Hyundai, Kia and Hyundai Mobis unanimously approved a group bid for prime...
VW Prepares a Luxury Sedan for China
Posted: September 22, 2014 at 8:58 pm
Volkswagen Group plans next year to debut a China-only VW-brand luxury sedan, sources tell Reuters....
SGL Carbon Plans Stock Sale to Cut Debt, Expand
Posted: October 1, 2014 at 4:27 am
SGL Carbon SE, the carbon fiber supplier to BMW and Volkswagen, plans to issue some...
Eurozone Inflation Drops to 5-Year Low
Posted: September 30, 2014 at 8:40 am
Inflation in the eurozone slid to 0.3% in September from 0.4% in August, according to...
U.K. Economy Expands 0.9%
Posted: September 30, 2014 at 4:59 am
The U.K.’s gross domestic product expanded by 0.7% in the first quarter and 0.9% in...
Italy’s Prime Minister: Fiat Jobs Key to Chrysler Merger
Posted: September 30, 2014 at 4:30 am
Italy Prime Minister Matteo Renzi tells reporters in Detroit that adding jobs in Italy is...
BMW Plans Self-Driving Car Tests in China
Posted: September 30, 2014 at 3:04 am
BMW AG is partnering with China Internet provider Baidu Inc. to test highly automated cars...
Emissions from Europe’s Cars 38% Worse than Ratings Indicate
Posted: September 29, 2014 at 9:01 am
Carbon dioxide emissions from Europe’s new cars last year were about 38% worse than their...
U.K. Car Production Flattens
Posted: September 29, 2014 at 8:31 am
Output of passenger vehicles in the U.K. totaled 994,900 units in January-August, up only 1%...
Renault, VW Own 40% of Europe’s Vehicle Assembly Plants
Posted: September 29, 2014 at 5:41 am
Factories owned by Volkswagen AG and the Renault-Nissan alliance account for 40% of all such...
Light-Truck Sales Continue to Rise in Europe
Posted: September 26, 2014 at 3:33 am
Europe’s demand for commercial vehicles grew 9% to 158,900 units in July and 6% to...
Germany Ordered to Ban Daimler’s Use of Banned Refrigerant
Posted: September 25, 2014 at 3:00 pm
The EC says Germany will face court action and fines in two months if it...
Panasonic May Buy Stake in Ficosa International
Posted: September 25, 2014 at 2:36 am
Panasonic Corp. may buy as much as 50% of Ficosa International SA, the Barcelona-based auto...
Ghosn Clarifies Renault-Nissan’s EV Battery Strategy
Posted: September 25, 2014 at 2:00 am
Renault-Nissan alliance CEO Carlos Ghosn flatly denies a Reuters report last week suggesting that Nissan...
Renault, Daimler Recall 485,000 Vehicles in Europe
Posted: September 25, 2014 at 12:17 am
Renault SA and Daimler AG have launched three recalls in Europe to repair brake flaws...
Germany Proposes Free Parking for EVs
Posted: September 24, 2014 at 9:52 pm
Germany’s cabinet is supporting a bill that would enable owners of electric, fuel-cell and certain...
Saab Automobile Plans to Cut Workforce 36%
Posted: September 24, 2014 at 9:29 pm
China’s National Electric Vehicle Sweden AB says it will lay off as many as 200...
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|Autoliv, Inc. Com||92.01||+0.09|
|Borgwarner Inc. C||53.34||+0.73|
|Cummins Inc. Comm||131.11||-0.87|
|Cooper Tire & Rub||28.44||-0.26|
|Dana Holding Corp||19.28||+0.11|
|Denso Corp Ltd Ad||22.66||-0.44|
|Fiat Spa Ads||9.50||-0.20|
|Ford Motor Compan||14.58||-0.21|
|General Motors Co||32.49||+0.55|
|The Goodyear Tire||22.11||-0.475|
|Honda Motor Compa||33.79||-0.49|
|Meritor, Inc. Com||10.41||-0.44|
|Nissan Mtr Spon A||19.0399||-0.3251|
|Tenneco Inc. Comm||52.18||-0.13|
|Toyota Motor Corp||116.73||-0.80|
|Trw Automotive Ho||101.25||0.00|