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Leuliette to Step Down as CEO at Visteon by Year-End
3/17/2015Visteon Corp. says CEO Tim Leuliette plans to leave the company this year after a successor is found.
Honda Restructures European Operations
3/17/2015Honda Motor Co. is overhauling its ailing European operations in hopes of gaining sustainable profitability in the region, The Nikkei says.
Maserati Production Eases as Sales Growth Slows
3/17/2015Fiat Chrysler Automobiles NV's Maserati unit is reducing output to match production to more modest growth expectations, Automotive News Europe reports.
Lawyers Say GM Covered Up Ignition-Switch Defect
3/16/2015New documents show General Motors Co. executive deliberately hid evidence of defective ignition switches for years before the company recalled 2.6 million of the devices last year, plaintiffs' attorneys claim. "It was a cover-up," declares lawyer Lance Cooper.
Toyota Makes Lower Offer on Wages in Japan
3/16/2015Toyota Motor Corp. proposes to hike base monthly pay for its hourly workers in Japan by 4,000 yen ($33), one-third less than demanded by its union.
GM Ignition-Switch Fatality Count Rises by Three to 67
3/16/2015The General Motors Co. fund handling compensation for victims of the company's defective ignition switches has now cleared 67 death claims for payment offers.
China Chides Foreign Carmakers on Quality, Pricing
3/16/2015China Central Television has accused several carmakers of selling defective products and/or charging too much for parts and repairs.
Oil Prices Sag Again
3/16/2015Petroleum futures, which began a weak rally last month from six-year lows, fell back to new six-year lows in early Asian trading today.
FAW Chairman Faces Corruption Probe
3/16/2015Xu Jianyu, China FAW Group Corp.'s chairman since 2010, is the target of a corruption investigation by the Communist Party's Central Commission for Discipline Inspection, Automotive News reports.
GM Takes Multi-Material Approach with Cadillac CT6
3/16/2015General Motors Co. says it will use 13 different materials to cut the weight of its upcoming CT6 large sedan by 198 lbs (90 kg) compared to a traditional steel architecture.