NEWS

Toyota Ponders 3% Pay Hike for Workers in Japan

3/11/2016

Toyota Motor Corp. is contemplating a 2,000-yen ($17.60) boost in the monthly pay scale for its workers in Japan.

Car Sales in India Dip 4%

3/11/2016

Sales of passenger vehicles in India shrank 4% to 164,500 units in February, according to the Society of Automobile Manufacturers.

FCA Names New Agency to Lead Jeep, Alfa Advertising

3/11/2016

Fiat Chrysler Automobiles NV has named DDB Chicago to handle U.S. advertising for its Jeep and Alfa Romeo brands, Automotive News reports.

Report: VW’s Ousted U.S. Chief Clashed with Management

3/11/2016

Michael Horn, who left as CEO of Volkswagen AG’s U.S. operations earlier this week, often clashed with the company’s leadership in Germany about how to run the American operation, the Associated Press reports.

Porsche to Choose Bosch or Panasonic for EV Batteries

3/11/2016

Porsche AG is in the final stage in choosing whether to source batteries for its upcoming all-electric car from Robert Bosch GmbH or Panasonic Corp., sources tell Bloomberg News.

Renault Aims to Double Sales, Market Share in Iran

3/11/2016

Renault SA hopes to double its share of the reopened Iranian car market to 20% by about the end of the decade, Reuters reports.

Car Sales Fall 13% in Russia

3/11/2016

Russia’s market for cars and light-duty commercial vehicles shrank 13% to 111,100 vehicles in February, the Moscow-based Assn. of European Businesses reports.

VW May Cut 3,000 White Collar Jobs in Germany

3/11/2016

Volkswagen AG is preparing to eliminate about 3,000 office jobs in Germany in preparation for the financial impact of redressing its diesel emission scandal. News of the impending layoffs was first reported by German news agency DPA.

Subaru Teases New Impreza

3/10/2016

Subaru-maker Fuji Heavy Industries Ltd. has released a teaser photo of the 2017 Impreza sedan that it will unveil later this month at the New York auto show.

Poll Says Americans Remain Wary of Car- and Ride-Share Options

3/10/2016

Three in four Americans prefer to drive themselves rather than rely on a ride- or car-sharing service, according to a survey commissioned by Kelley Blue Book.