NEWS

VW Chairman to Trim His Bonus Payment

4/12/2016

Volkswagen AG Chairman Hans Dieter Poetsch has agreed to return a portion of the bonus he was to receive for taking the job last year, sources tell Bloomberg News.

Ford Launches 10-Year Overhaul Its Dearborn Facilities

4/12/2016

Ford Motor Co. has formally launched a 10-year plan to turn it 60-year-old, 70-building complex in Dearborn, Mich., into a two-campus layout for 30,000 employees.

BMW Reports All-Time Record Sales Month

4/12/2016

BMW AG delivered 240,700 passenger vehicles in March, up 4% year on year. It was the company’s largest monthly volume ever.

Sales of Lexus Hybrids Top 1 Million Units

4/12/2016

Toyota Motor Corp.’s Lexus unit says its cumulative sales of hybrid vehicles surpassed 1 million units last month.

Global Turbocharger Penetration Forecasted to Top 60% by 2030

4/12/2016

Installations of turbocharged engines are expected to grow from 37% of the global new passenger vehicle market today to 61% by 2030, according to a new study conducted by just-auto's Qube Analysts arm.

Suppliers Recognized for Lightweight Innovations in PACE Awards

4/12/2016

The winners of this year’s PACE Awards (Premier Automotive Suppliers’ Contribution to Excellence) for product innovation include 11 suppliers from six countries.

Years of Testing Needed to Prove Safety of Autonomous Vehicles

4/12/2016

Self-driving cars may be safer than those driven by humans, but it will take years to prove it, according to the Santa Monica, Calif.-based Rand Corp.

Ford F-150 Pickup Tops IIHS Crash Test

4/12/2016

Ford Motor Co.’s 2016 model F-150 SuperCab pickup truck is the only one of seven fullsize pickups to earn a top “good” rating in the latest batch of difficult "small overlap" crash tests by the Insurance Institute for Highway Safety.

Honda Recall Targets Cars Fitted with Wrong Takata Airbags

4/12/2016

Honda Motor Co. is recalling 11,600 aging Accord sedans in the U.S. because some of the cars were equipped at the factory with the wrong passenger-side airbag module.

GM Shifts New-Car Program from Michigan to Kansas

4/12/2016

General Motors Co. has dropped a $245 million plan announced last summer to launch a new vehicle program at its Orion small-car factory outside Detroit in 2018, The Wall Street Journal reports.