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Yellen Sees “Strengthened” Case for Higher U.S. Interest Rates
8/26/2016Federal Reserve Chair Janet Yellen tells a meeting of central bankers that price stability and improving employment trends have strengthened the case for raising prime interest rates in the U.S.
Mazda Recalls CX-7 Crossovers to Fix Steering Flaw
8/26/2016Mazda Motor Corp. is recalling 190,000 of its 2007-2012 model CX-7 small crossover vehicles in the U.S. so dealers can fix a front suspension flaw that could cause the driver to lose steering control.
Faurecia Eyes Interiors for Autonomous Vehicles
8/26/2016Faurecia SA’s xWorks innovation center in Holland, Mich., is working on several different approaches to making tomorrow's vehicle interiors more flexible and comfortable to support new driver-assist systems and ride-sharing services.
Cooper Standard Opens New India Headquarters
8/26/2016Novi, Mich.-based Cooper Standard Holdings Inc. has opened a new headquarters and technical center in Pune for its India operations.
U.S. Economy Expanded 1.1% in Second Quarter
8/26/2016Real gross domestic product in the U.S. grew by a downwardly revised 1.1% in the second quarter of 2016, according to the Dept. of Commerce’s Bureau of Economic Analysis.
Takata Narrows List of Possible Financial Saviors
8/26/2016Beleaguered Takata Corp. has shortened its list of potential financial investors to about half a dozen prospects, sources tell Reuters.
Ford Launches Parking Finder App
8/26/2016Ford Motor Co. is launching a new smartphone app that will allow motorists to find available spots in nearby parking garages.
Honda Files Patent for 11-Speed, Triple-Clutch Transmission
8/26/2016Honda Motor Co. has filed a patent application in Japan for a transmission system with 11 forward gears and three clutches, according to several media reports.
Ford Invests in Indian Car Rental Service
8/26/2016Ford Motor Co. is investing $24 million in Zoomcar India Private Ltd., a Bangalore-based company that rents cars by the hour, day, week or month.
GM Wins Ignition Switch Lawsuit in Texas
8/26/2016A Texas county court jury needed less than one hour to decide unanimously that a defective General Motors Co. defective ignition switches didn’t cause a fatal crash in 2011.