VW Delays Plan to Reveal Results of Diesel Cheating Probe
4/25/2016Volkswagen AG has cancelled plans to release preliminary findings this week of an independent investigation into the company’s diesel emission test cheating scandal.
Sales, Profits Up for Gentex
4/25/2016Gentex Corp. reports its first-quarter revenue rose 10% to $406 million, and net earnings grew 4% to $80 million.
Toyota: Quakes Cut Production by 80,000 Units
4/25/2016Toyota Motor Corp. estimates that earthquake-related disruptions to its supply chain in Japan cut about 80,000 units of production this spring.
FCA Recalls 1.1 Million Vehicles for Rollaway Problem
4/25/2016Fiat Chrysler Automobiles NV is recalling 1.13 million vehicles worldwide to modify electronic shifters that could leave the car in gear when parked.
German Carmakers Recall 630,000 Diesels in Europe
4/22/2016Three German carmakers have agreed to recall a combined 630,000 of their diesel-powered cars in Europe to improve their exhaust emissions.
Special GM Stock Option Hikes CEO Barra’s Pay 77%
4/22/2016General Motors Co. says a one-time stock option grant boosted its compensation package for CEO Mary Barra for 2015 by as much as 77% to $28.6 million.
Partners Unveil Super-Efficient City Car Concept
4/22/2016Shell Oil Co. says it new piston-powered concept city car would require 34% less energy to build and operate over its lifecycle than a typical city car in the U.K.
Japan Quakes Force GM to Idle Four N. American Plants
4/22/2016On Monday General Motors Co. will idle operations for two weeks at three assembly plants in the U.S. and one in Canada.
Daimler’s First-Quarter Net Profit Falls 32%
4/22/2016Daimler AG’s car and truck sales in January-March grew 7% to a record 683,900 units, and revenue increased 2% to €35 billion ($39.4 billion). But net profit dropped to €1.4 billion ($1.6 billion) from €2.1 billion in the first quarter of 2015.
New App Warns Drivers of Kids in the Road
4/22/2016Volkswagen AG is working with Coodriver GmbH to integrate that company’s smartphone child alert system into future vehicle displays.