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Detroit Tapped for New Composite Research Facility
9/18/2015The U.S. Dept. of Energy-backed Institute for Advanced Composites Manufacturing Innovation (IACMI) program is opening a $40 million research center in Detroit.
DOT Awards Connected Car Pilot Programs
9/18/2015The U.S. Dept. of Transportation awarded a total of $42 million to fund connected vehicle pilot programs for three city and state governments. Awards for additional pilot programs will be announced in coming months.
Borgward Unveils First New Model in 54 Years
9/18/2015Stuttgart-based Borgward unveiled the BX7 SUV/crossover, a prototype of its first new model since ceasing operations in 1961, at the Frankfurt auto show this week.
Fed Leaves U.S. Interest Rates Unchanged
9/18/2015The U.S. Federal Reserve decided on Thursday against raising interest rates, currently at 0%-0.25%, because of continuing concerns about the impact of China's slowing economic growth.The U.S.
Toyota Recalls 423,500 RAV4 SUVs for Wiper Fix
9/18/2015Toyota Motor Corp. is preparing to recall 423,500 of its RAV4 small SUVs to repair windshield wiper components that could corrode, separate from the wiper motor and stop the wipers from functioning, Reuters reports.
FCA to Boost Output in U.S. but Move Some Production to Mexico
9/18/2015Fiat Chrysler Automobiles NV plans under its tentative labor pact with the United Auto Workers union to relocate two low-profit small-car programs to Mexico and hike output of hot-selling pickup trucks and crossover vehicles in the U.S., sources tell the Detroit Free Press.
Daimler Moves U.S. Headquarters to Michigan
9/18/2015Daimler AG is relocating the headquarters of its North American holding company from Montvale, N.J., to Farmington Hills, Mich.
Eurozone Inflation Rate Sags to 0.1%
9/18/2015Inflation in the Eurozone grew only 0.1% in August, down from an initial estimate of 0.2%, according to Eurostat.
High-Output V-6 to Power New Ferrari
9/17/2015Ferrari SpA is moving forward with plans for a new V-6-powered sports car that could bow in 2019, company officials confirm at the Frankfurt auto show.
GM Settles Nearly 1,400 Civil Lawsuits Involving Defective Ignition Switches
9/17/2015General Motors Co. has agreed to pay $575 million to settle almost 1,400 civil lawsuits covering death and injury claims stemming from the company's defective ignition switches.