NEWS

Visteon Readies Flexible HUD Systems

4/28/2016

Visteon Corp. says its new “combiner” head-up display technology will be introduced in production vehicles from several carmakers in Asia and Europe later this year and in 2017.

Toyota to Resume Normal Production in Japan by May 6

4/28/2016

Toyota Motor Corp. says it expects all 30 of its domestic vehicle assembly lines to resume operations by May 6.

Mitsubishi New-Car Orders in Japan Plunge 50%

4/28/2016

Mitsubishi Motors Corp. says orders for its cars in Japan have plummeted about 50% since the company admitted a week ago it has manipulated fuel economy ratings for some vehicles over the past 25 years.

Lear’s First-Quarter Income Jumps 69%

4/28/2016

Lear Corp.’s first-quarter revenue rose 8% to $4.7 billion, and net income zoomed to $248 million from $147 million in the same period last year.

Fed Leaves Interest Rate Unchanged

4/28/2016

As expected, the U.S. Federal Reserve has decided to leave prime interest rates unchanged at 0.25%-0.5%.

Bosch Posts Record Revenue in 2015

4/28/2016

Robert Bosch GmbH reports its sales surged 44% to a record €70.6 billion ($80.1 billion) in 2015.

VW Exec Detailed in 2006 How to Evade Diesel Standards

4/27/2016

A presentation prepared in 2006 by a high-level Volkswagen AG technology executive shows in detail how the company could cheat U.S. emission tests for diesels, according to multiple media reports.

Mitsubishi: Efficiency Ratings for Our U.S. Cars Are Accurate

4/27/2016

Mitsubishi Motors Corp. has told its U.S. dealers that the company followed correct test procedures to estimate fuel economy for its 2013-2017 models, Automotive News reports.

Cruze-Based Caddy in the Works?

4/27/2016

General Motors Co.’s premium Cadillac marque is developing a new entry-level model that will share GM’s front-wheel-drive “Delta” D2XX platform with the all-new Chevrolet Cruze small car and Volt hybrid, according to a report by GMInsideNews.com.

Goodyear Tire’s Revenue, Net Income Drop

4/27/2016

Goodyear Tire & Rubber Co.’s revenue in January-March shrank 8% to $3.7 billion, dragged down by unfavorable exchange rates and the deconsolidation of the company's operations in Venezuela.