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Talks about Pininfarina Sale to Mahindra Creep Forward
12/11/2015Negotiations by Mahindra & Mahindra Ltd. to acquire Italian design house Pininfarina SpA continue to drag along, sources tell Bloomberg News.
Ford to Spend $4.5 Billion on Electrified Vehicles
12/10/2015Ford Motor Co. expects to invest $4.5 billion to develop and launch new hybrid and all-electric vehicles by 2020.
EC Sues Germany Over Daimler’s Use of Banned A/C Refrigerant
12/10/2015The European Commission says Germany violated European Union law by failing to order Daimler AG to stop using an air-conditioning system refrigerant that has been banned by the EU since the beginning of 2013.
GM Will Use Wind-Generated Electricity at Texas SUV Plant
12/10/2015General Motors Co. will start using wind-generated electricity at its large assembly plant in Arlington, Tex., and three of its Mexican facilities next year to help lower costs and reduce carbon dioxide emissions at the facilities.
Visteon Shareholders to Get Nearly $1.8 Billion Cash Distribution
12/10/2015Visteon Corp. will make a special cash distribution of $1.75 billion to its shareholders in January.
FCA Fined $70 Million for Skimpy U.S. Safety Reports
12/10/2015Fiat Chrysler Automobiles NV has been fined $70 million by the National Highway Traffic Safety Administration for failing to report U.S. crash data in the U.S. since 2003.
VW Offers a Rationale for Diesel Cheating
12/10/2015Volkswagen AG says its engineers opted six years ago to install software to cheat U.S. emission tests after concluding it was “impossible” to meet the regulations otherwise and still meet budget and timing deadlines.
GM Ignition Switch Compensation Plan Paid Out $594 Million
12/10/2015General Motors Co.’s independently conducted compensation plan for victims of its defective ignition switches reports it paid out a total of $595 million, with one claim still unresolved.
HondaJet Finally Cleared for Takeoff in U.S.
12/10/2015Honda Motor Co. says its seven-passenger HondaJet plane has been awarded certification by the U.S. Federal Aviation Administration.
Japanese Cars Dominate U.S. Insurance Industry’s Top Picks for 2016
12/10/2015Japanese models account for 30 of this year’s 48 “top safety pick +” vehicles selected by the Insurance Institute for Highway Safety.