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Oct
23rd

Marchionne invests more of his own money in Fiat Chrysler

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Sergio Marchionne, CEO of Fiat Chrysler Automobiles, bought an additional 335,745 ordinary shares in the group at 7.727 euros apiece, giving him a total of 6.8 million shares in the newly merged carmaker.No tags for this post.
Oct
23rd

JAPAN: Honda recalls Fit hybrid a fifth time, execs take pay cut

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Honda Motor is recalling its redesigned Fit [Jazz] hybrid for the fifth time in less than a year in Japan, issuing a recall of 425,825 cars on Thursday (23 October) due to two defects.No tags for this post.
Oct
23rd

Surprise as Mercedes sells off Tesla stake

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Tesla Model S - front tracking
News 23 Oct, 2014

Mercedes parent company Daimler has sold its stake in Tesla Motors for £485 million profit, surprising investors

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Oct
23rd

Land Rover production will continue to boom in UK despite new China plant

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The start of Range Rover Evoque production in China will not reduce output at the UK factory where the SUV is built, the plant's operations director said.No tags for this post.
Oct
23rd

Volkswagen Passat 2015 – pictures

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Oct
23rd

Daimler third-quarter profit rises as Mercedes sales expand

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Daimler reported a 21 percent increase in third-quarter profit as deliveries of the Mercedes S class more than doubled. Profit at Mercedes Cars, which also includes the Smart brand, widened to 8.No tags for this post.
Oct
22nd

NHTSA apologizes for mishandling Takata airbag recall information

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The National Highway Traffic Safety Administration's top official apologized late Wednesday for publishing inaccurate information in its Monday warning about defective Takata airbags that may explode and for technical glitches that made its recall...No tags for this post.
Oct
22nd

UAW eyes bargaining rights at VW’s Tenn. plant within a year

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The UAW hopes to be recognized as the exclusive bargaining agent for workers at Volkswagen's assembly plant in Chattanooga within a year, union President Dennis Williams said Wednesday.No tags for this post.
Oct
22nd

UK: Vauxhall undercuts Fiesta with new Corsa pricing

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The fourth generation Vauxhall Corsa will undercut the entry level Ford Fiesta, Britain's long-time best selling car, by GBP1,000 when it goes on sale at year-end.No tags for this post.
Oct
22nd

U.S. prosecutors probe Takata over recalls

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The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S.No tags for this post.
Oct
22nd

Dealers fume over new Edmunds videos that spoof price haggling

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New YouTube ads from Edmunds.com have provoked a backlash. Some dealers say the four videos perpetuate stereotypes of dealers as unscrupulous bargainers; Edmunds says the ads are simply spoofs intended to show that customers dislike haggling.No tags for this post.
Oct
22nd

Toyota says potential Mexico plant still far from approval

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Toyota, the last major carmaker without a high-volume assembly plant in Mexico, said the group assessing whether to build a factory there is far from getting clearance from top management.No tags for this post.
Oct
22nd

Gentex reports 30% surge in Q3 net income

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Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent.No tags for this post.
Oct
22nd

Delphi explores sale of thermal unit for as much as $1 billion, report says

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Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg.No tags for this post.
Oct
22nd

JAPAN: Takata shares recover after airbag recall charge update

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Takata Corporation, the Japanese maker of air bags at the centre of an auto industry-wide safety crisis, has recovered from its biggest-ever drop in Tokyo share trading after saying additional charges related to recalls would be small.No tags for this post.
Oct
22nd

GERMANY: Next Audi A8 will be ‘autonomous’-capable

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The next-generation Audi A8 will be able to drive itself.No tags for this post.
Oct
22nd

FRANCE: PSA on course to hit targets ahead of schedule

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PSA Peugeot Citroen could reach its cashflow target two years early thanks to better than expected growth at its growth at its Faurecia parts unit which contributed to an unexpected increase in third quarter revenue.No tags for this post.
Oct
22nd

BMW to lower mpg ratings on 4 Mini Cooper models

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BMW is lowering the estimated fuel economy labels on four 2014 Mini Cooper models after tests by the EPA, the agency said today.No tags for this post.
Oct
22nd

SWEDEN: Volvo looks to double output by 2020

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Volvo says it is looking to double its market share to 2% in order to offer an alternative to German brands.No tags for this post.
Oct
22nd

THAILAND: Sales fall further in September

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Thailand's new vehicle market continued to plummet in September, with sales falling by 27.5% to 68,843 units compared with 94,859 units in the same month of last year, according to data released by the Federation of Thai Industries.No tags for this post.
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