Visteon Corporation has agreed to transfer US pension assets to Prudential Insurance Company of America, a subsidiary of Prudential Financial, to settle approximately US$350m of Visteon's $1.1bn in outstanding US pension obligations.
After recently being asked by US agency NHTSA to check airbags on older 3-series sold in high-humidity markets, BMW has now said it would replace passenger airbags on 1.6 million E46 3 Series vehicles produced between May 1999 and August 2006, extending a smaller recall campaign run in 2013.
BMW plans to raise capacity at its two Chinese factories to 400,000 cars over the next two years, finance chief Friedrich Eichiner has said.
Some component manufacturers in South Africa are now working a three-day week as the massive metalworking strike currently gripping the country shows no sign of ending.
India's finance ministry has turned down automobile makers' demand for cut in import duty on motor vehicle parts.
BMW is recalling 1.6 million 3-series cars globally for a front-passenger air-bag defect that has caused automakers including Toyota and Nissan to repair millions of vehicles.
German automaker BMW said today it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp. because the inflators could break apart during deployment and injure passengers.
News
19 Jul, 2014
British motorists abroad are snubbing insurance excess waivers on their rental cars, leaving themselves open to big bills.
BMW said it will raise capacity at its two Chinese plants by a third to 400,000 cars over the next two years and double the range of locally-made vehicles to six models.
Britain's Society of Motor Manufacturers & Traders (SMMT), is emphasising "stability" despite this week's dramatic UK political reshuffle that saw Business Minister, Michael Fallon, depart to become Secretary of State for Defence.
News
16 Jul, 2014
Exclusive pictures and full details on the new two and four-seater Smart cars
The new-generation Smart ForFour and ForTwo will be unveiled today. The arrival of the ForFour gives the Daimler subsidiary a second model in its European portfolio for the first time since 2006.
The new-generation Smart ForFour and ForTwo will be unveiled today. The arrival of the ForFour gives the Daimler subsidiary a second model in its portfolio for the first time since 2006.
Jaguar Land Rover said its global sales increased 14 percent to 240,372 vehicles in the first six months, its best half year to date, boosted by robust demand in China.
South Africa's Steel and Engineering Industries Federation (SEIFSA), says it has "exhausted" its mandate to talk to striking workers as mass industrial unrest continues to affect the country's automotive sector.
News
16 Jul, 2014
Diesel powered RS models and even a diesel R8 supercar are real possibilities for Audi
Former Ford chief Alan Mulally, who retired 1 July, has been appointed to the board of Google and will also take a seat on the audit committee. The appointment was effective from 9 July, Google said in a statement.
News
16 Jul, 2014
Audi has revealed ambitious plans to grow its model range from 49 to 60 variants within six years
Experts have differing views on what to do with the mountain of data that is likely to be generated by autonomous vehicles when computers control much of our cars' functions in the future.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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