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BorgWarner Cuts Outlook As Profits Dip
10/30/2015BorgWarner Inc. reports its net sales in the third quarter fell 7% to $1.9 billion.
FCA Launches Global Recall to Fix Airbags, Brakes
10/30/2015Nearly 900,000 SUVs and crossovers are being recalled worldwide by Fiat Chrysler Automobiles NV to repair flaws that can interfere with their antilock braking and airbag systems.
VW Diesel Scandal Probe Said to Implicate as Many as 20 People
10/30/2015Volkswagen AG suspects between 10 and 20 of its employees played a direct role in rigging 11 million of the company’s diesel engines to cheat on government emission tests, a source tells Reuters.
Ex-U.S. Prosecutor to Monitor GM’s Recall Process
10/30/2015The safety and recall procedures at General Motors Co. will be monitored by a former head of the U.S. attorney’s criminal division in Manhattan.
Goodyear’s Quarterly Operating Profit Surges 68%
10/30/2015Goodyear Tire & Rubber Co. posted record income in the third quarter in spite of an 11% revenue drop to $4.2 billion.
UPDATE: Europe Backs Off on Emission Road-Test Rule
10/29/2015The European Parliament has weakened a plan that would require carmakers to prove nitrogen oxide emissions from their vehicles on the road more closely match results in laboratory tests, the Financial Times reports.
JCI’s Fourth-Quarter Earnings Plunge on Sale of Business Unit
10/29/2015Johnson Controls Inc. reports its net income from continuing operations in the fiscal fourth quarter ended Sept. 30 plummeted to $3 million from $331 million in July-September 2014.
Renault’s Third-Quarter Revenue Climbs 9%
10/29/2015Renault SA says its revenue in July-September rose to €9.3 billion ($10.2 billion) from €8.5 billion in the same period last year.
FCA Adjusts Alfa Romeo Rollout, Again
10/29/2015Fiat Chrysler Automobiles NV tells analysts it will allocate fewer Alfa Romeo cars to China and more to developed markets in its bid to hike the relaunched brand’s global sales to 400,000 by 2018 from fewer than 70,000 in 2014, Automotive News Europe reports.
U.S. to Expand Ethanol Fueling Network
10/29/2015The Dept. of Agriculture (USDA) has awarded matching grants to 21 states to expand the number of E15 and E85 ethanol-blended fuel pumps as part of the Biofuel Infrastructure Partnership.