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Honda Adds 20 Million Takata Airbag Inflators to Its Global Recalls
5/9/2016Honda Motor Co. will recall at least 20 million additional Takata Corp. airbag inflators worldwide, sources tell The Nikkei.
China’s Imports, Exports Sag
5/9/2016China's central government says the country's imports and exports in April dropped by 10.9% and 1.8%, respectively.
U.S. Jobs Growth Rate Slows
5/9/2016The U.S. added 160,000 jobs in April, compared with downwardly revised totals of 215,000 in March and 233,000 in February, according to the U.S.
U.K. Startup Plans Two More Fuel Cell Models
5/6/2016River simple Movement Ltd., a startup company based in Wales, says it is developing two more fuel cell-powered vehicles in addition to the previously announced Rasa coupe that the company plans to launch in 2018.
American Axle’s First-Quarter Profits Rise 15%
5/6/2016American Axle & Manufacturing Holdings Inc. reports its net income in the first quarter of 2016 grew 15% to $61 million.
Hedge Fund Calls for Executive Pay Cuts at VW
5/6/2016A fund that owns €1.2 billion ($1.4 billion) of Volkswagen AG shares blames VW’s diesel emission scandal on excess compensation and “corporate excess on an epic scale."
Three Ford Ad Agencies Combine Under One New Name
5/6/2016Three of Ford Motor Co.’s ad agencies have been combined by their owner under a new name, GTB (Global Team Blue), Crain’s Detroit Business reports.
Marchionne Turns Bullish on Autonomous Cars
5/6/2016Self-driving cars could hit the road in the U.S. in five years, says Fiat Chrysler Automobiles NV CEO Sergio Marchionne.
Honda Launches New Production System
5/6/2016Honda Motor Co. says its new moving manufacturing system can boost line efficiency 10% while reducing manual part handling by the same level.
New Porsche V-8 to Power Multiple VW Group Models
5/6/2016Porsche AG unveiled a new twin-turbocharged V-8 engine at the recent Vienna Motor Symposium.