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Ford Recalls 518,300 Cars, Crossovers for Steering System Defect
4/29/2015Ford Motor Co. is recalling 518,300 of its 2015 model Edge small crossovers and 2013-2015 Ford Fusion and Lincoln MKZ sedans in Canada and the U.S. to replace steering system bolts that could corrode and crack.
FCA Posts First-Quarter Profit on Chrysler Gains
4/29/2015Fiat Chrysler Automobiles NV reports first-quarter net income of €92 million ($103 million), reversing a loss of €173 million for the same period in 2014 when the company was completing its merger.
PSA Reports 5% Sales Growth
4/29/2015PSA Peugeot Citroen's first-quarter revenue advanced to €13.7 billion from €13.1 billion in the same period in 2014.
VW Sales, Profits Continue to Rise
4/29/2015Volkswagen Group reports its sales grew 10% to €52.7 billion in the first quarter of 2015 as retail passenger car sales rose 2% to 2.49 million unit.
Audi Tests On-Demand Car Service
4/29/2015Audi AG has launched an on-demand service in the U.S. that enables customers to reserve an Audi model for as long as 28 days and have the vehicle delivered to them at the location of their choice.
China Speeds Up Plan to Cut Subsidies for EVs
4/29/2015China's finance ministry said earlier today it will accelerate the phase-down of government incentives being used to spur sales of electric and hybrid cars.
Denso’s Profit Advances 2%
4/29/2015Denso Corp. reports its sales grew 5% to 4.3 trillion yen ($36 billion) in the fiscal year ended March 31.
GM Trims 13% of Its Workforce in Venezuela
4/29/2015General Motors Co. will lay off 446 of the 3,400 workers at its assembly plant in Valencia, Venezuela, according to the Associated Press.
Toyota Plans Special Share Sale to Fund R&D
4/29/2015Toyota Motor Corp. expects to sell as many as 150 million new "Model AA" shares to help fund new vehicle technologies, including fuel cell systems, Bloomberg News reports.
Yamada Admits Price-Fixing Role
4/29/2015Japan's Yamada Manufacturing Co. has agreed to plead guilty and pay a $2.5 million criminal fine for fixing prices on steering columns it supplied to Honda Motor Co. in the U.S.