NEWS

Honda Adds Crossover Capacity in Ohio

2/12/2015

Honda Motor Co. is spending $85 million at its plant in East Liberty, Ohio, to prepare the facility to make the Acura MDX crossover in 2017.

Honda’s CEO Defies Critics and Defends Reforms

2/11/2015

Honda Motor Co. CEO Takanobu Ito will fight to extend his job two years, defying critics who say his overhaul of the company's traditional supply chain is hurting the brand, sources tell Reuters.

Toyota Revamps Its Emerging-Market Vehicles

2/11/2015

Toyota Motor Corp. is spending about 100 billion yen ($832 million) to update the platforms, powertrains and designs of its array of low-cost vehicles developed for emerging markets, The Nikkei reports.

Tesla’s Losses Deepen

2/11/2015

Tesla Motors Inc.'s net loss in the fourth quarter of 2014 rose to $118 million from $16 million a year earlier, dragged down by lagging sales in China and launch costs associated with its upcoming Model X electric crossover.

VW Buys Ballard’s Fuel-Cell Patents

2/11/2015

Volkswagen AG has agreed to buy some $50 million worth of automotive fuel-cell patents from Vancouver-based Ballard Power Systems Inc.

Report Warns About Hacking, Tracking Cars

2/11/2015

Carmakers are inconsistent about how they guard data collected from the vehicles they sell.

U.K. Allows Driverless-Car Tests

2/11/2015

The U.K.'s Dept. for Transport has agreed to allow self-driving cars to be tested on public roads beginning this summer.

Study: Robot Use Could Jump 2.5x by 2025

2/11/2015

Falling prices for industrial robots could multiply their use in handling "automatable" tasks from 10% today to 25% in 10 years, predicts Boston Consulting Group.

Small Luxury SUVs Head for Sales High in Europe

2/11/2015

European demand for small luxury SUV/crossover vehicles is likely to surpass a record 500,000 units this year and 600,000 in 2016, Automotive News Europe reports, citing forecasters.

Takata to Double Airbag Inflator Output

2/11/2015

Takata Corp. says it will double its current capacity to make replacement airbag inflators for millions that are being recalled because they may explode.