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FCA’s U.S. Profits Plunge 89% on Recall Costs
11/5/2015Fiat Chrysler Automobiles NV’s net income in the U.S. plummeted to $70 million (€64 million) in the third quarter from $611 million a year earlier, dragged down by $848 million (€779 million) set aside to cover recalls.
EV Startup Plans $1 Billion Assembly Plant
11/5/2015Gardena, Calif.-based Faraday Future Inc.—a startup quietly launched 18 months ago by former Tesla Motors Inc. executives—intends to launch production of its first electric car in two years, The Wall Street Journal reports.
Mazda Joins Honda in Dumping Takata as Airbag Supplier
11/5/2015Mazda Motor Corp. says it is joining Honda Motor Corp. in halting its use of Takata Corp. airbag inflators that use ammonium nitrate as a propellant.
Tesla to Add Safeguards to Just-Launched Autopilot System
11/5/2015CEO Elon Musk says Tesla Motors Inc. will update its new Autopilot autonomous-driving feature to address problems encountered during the first few weeks of public availability.
Toyota Posts Record Quarterly Profit but Cuts Sales Outlook
11/5/2015Toyota Motor Corp.’s operating profit advanced to a second-fiscal-quarter record 827 billion yen ($6.9 billion) from 657 billion yen in July-September last year.
Factory Orders in Germany Drop for Third Month
11/5/2015Factory orders in Germany, which shrank 2.2% in July and 1.8% in August, contracted by a seasonally adjusted 1.7% in September, according to the country’s Federal Statistics Office.
Audi Supercar to Replace V-8 with Turbo-5?
11/5/2015Audi AG is considering offering a souped-up version of its 2.5-liter turbocharged 5-cylinder engine in its R8 supercar, Auto Express reports.
Hyundai Ups Sales of Fuel Cell Vehicle in Europe
11/5/2015Hyundai Motor Co. delivered 50 of its ix35 fuel cell vehicles last month in Europe.
France Pushes for Renault-Nissan Merger
11/5/2015Renault-Nissan CEO Carlos Ghosn is being pressured by French Economy Minister Emmanuel Macron to fully merge the two companies, sources tell Reuters.
Fed Signals “Live Possibility” of Rate Hike in December
11/5/2015Federal Reserve Chair Janet Yellen tells a Congressional committee that, pending sufficiently good news about the American economy, there’s a “live possibility” the central bank will raise interest rates in December for the first time in seven years.