Owners of Saab Assets Can’t Use “Saab” Name
2/1/2016The post-bankruptcy owners of Saab Automobile’s assets cannot use the Saab brand on the vehicles they make.
Volvo to Move V60 Wagon Production from Sweden to Belgium
2/1/2016Volvo Car Group says it will relocate output of its large V60 sports wagon from Gothenburg, Sweden, to Ghent, Belgium, in early 2017.
Steel Shortage May Cut Toyota Production in Japan
1/29/2016Toyota Motor Corp. may idle its auto plants in Japan for at least a week after an explosion at a steel plant disrupted its supply of the metal, according to Japan’s TBS News.
Toyota to Buy Out Daihatsu Affiliate
1/29/2016Toyota Motor Corp. confirms it will acquire the 48.8% of minicar affiliate Daihatsu Motor Co. it doesn’t already own.
Sentra Hatchback Coming Back?
1/29/2016Nissan Motor Co. is considering relaunching a hatchback version of its Sentra compact car in the U.S.
UPDATE: Takata Chief Won’t Resign, Yet
1/29/2016Takata Corp. CEO Shigehisa Takada said earlier today he won’t resign “as of now” over the company’s airbag inflator recall crisis.
Nissan Recalls 870,000 Cars for Hood Latch Fix
1/29/2016Nissan Motor Co. says it will finally begin recalling 870,000 of its 2013-2015 model Altima sedans in the U.S. and Canada to replace a balky secondary hood latch.
Honda’s Profits in Fourth Quarter Cut by Recalls, Exchange Rates
1/29/2016Honda Motor Co. reports its revenue in September-December rose 3% to 3.6 trillion yen ($30 billion), as unit sales climbed nearly 5% to 1.23 million vehicles.
U.S. Economic Growth Slows
1/29/2016America’s gross domestic product grew by an annualized 0.7% in the fourth quarter of 2015, down sharply from 2% in July-September and 3.9% in April-June, according to an initial analysis by the US.
GKN Debuts Compact CV Joint
1/29/2016GKN plc says its new VL3 constant velocity joint system, which is being introduced in the all-new BMW 7 Series sedan, is lighter, more efficient and stronger than other CV joints.