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Jury Orders Toyota to Pay $11 Million in Accelerator Lawsuit
2/4/2015A jury in Minnesota has found Toyota Motor Corp. 60% responsible and ordered the company to pay about $11 million for a crash that killed three people and seriously injured two others.
Mercedes to Headquarter U.S. Unit Outside Atlanta
2/4/2015Daimler AG says its Mercedes-Benz USA headquarters will be in Sandy Springs, a suburb of Atlanta, Ga.
Hyundai to Unveil All-New Tucson Crossover Next Month
2/4/2015Hyundai Motor Co. will debut its next-generation Tucson small SUV/crossover on March 3 at the Geneva auto show.
Denso Chooses Arima as Its Next CEO
2/4/2015Denso Corp. expects to elect Koji Arima president and CEO at its shareholder meeting in June.
Ghosn: Russian Auto Market Will Shrink by One-Third
2/4/2015Renault-Nissan alliance CEO Carlos Ghosn tells Bloomberg Television that further contraction of the Russian car market this year could cut sales volume by about 33% from a peak in 2012.
Qoros Hires Ex-GM Executive as CEO
2/4/2015China's Qoros Automotive Co. has hired former General Motors Co. executive Phil Murtaugh as its new CEO.
Brown Named CEO of Ally Financial
2/4/2015Jeffrey Brown has been appointed CEO of Detroit-based Ally Financial Inc., the former financial arm of pre-bankruptcy General Motors Co.
Car Sales Grow 3% in Germany
2/3/2015Retail deliveries of new cars in Germany rose 3% to 211,300 units in January, according to the government's KBA transport authority.
Magna Buys Sensor, Display Businesses
2/3/2015Canada's Magna International Inc. has acquired the electronic components, head-up display and ultrasonic sensor units of Germany's Philips & Lite-On Digital Solutions Corp.
Ford Debuts Hot-Rod Focus RS
2/3/2015Ford Motor Co. says a new all-wheel-drive system will help maximize the high-performance handling of its upcoming Focus RS sport sedan.