NEWS

U.S. Opens Probe on Brake Failure Reports for Ford F-150 Truck

10/4/2016

More than two dozen owner complaints have prompted a U.S. investigation into “sudden and complete loss of brakes” in 2015-2016 model Ford F-150 pickup trucks.

Subaru to Drop Crosstrek Hybrid for 2017

10/4/2016

Fuji Heavy Industries Ltd.’s Subaru unit is discontinuing the short-lived hybrid variant of its Crosstrek crossover vehicle with the 2017 model year.

FCA’s Sterling Heights Investment to Include Test Track

10/4/2016

Fiat Chrysler Automobiles NV plans to add a test track to its Sterling Heights, Mich., assembly plant, The Detroit News reports.

Henrik Fisker Launches EV Company

10/4/2016

Henrik Fisker, the car designer whose Fisker Automotive Inc. startup hybrid car company went bankrupt in 2014, is launching a new venture to develop and produce electric vehicles and next-generation batteries.

India’s Central Bank Cuts Interest Rate

10/4/2016

India’s central bank has lowered its primary lending rate by 0.25 points to 6.25%, the lowest in six years.

Daihatsu, Toyota Venture to Push Small-Car Sales in Asia

10/4/2016

Toyota Motor Corp. and its fully owned Daihatsu Motors subsidiary say they will launch a joint venture in January to develop compact vehicles for emerging markets.

Report: Honda Slow to Lead on Takata Settlement

10/4/2016

Carmaker customers of airbag supplier Takata Corp. are frustrated in their attempts to resolve the company’s future by the reluctance of Takata’s largest customer, Honda Motor Co., to lead the negotiations, sources tell Bloomberg News.

Isuzu Tops Thai Purchase Satisfaction Poll Again

10/3/2016

Isuzu has defended its position as delivering the most satisfying purchase experience of any mass-market auto brand in Thailand, according to consultant J.D. Power.

Another Small Dip for U.S. Car Sales

10/3/2016

Car and light truck sales in the U.S. totaled 1.44 million in September, down a mere 6,800 units from the same period in 2015, according to Autodata Corp.

U.K. to Begin Brexit Talks in March

10/3/2016

British Prime Minister Theresa May says she will invoke Article 50, the clause needed to begin the U.K.'s exit from the European Union, by the end of March.