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U.S. Orders Multi-Brand Recall
2/3/2015Chrysler, Honda and Toyota are recalling a total of more than 2.1 million vehicles to replace an airbag controller circuit that could trigger airbags when there is no crash.
GM Adds Four Lower-Cost Models
2/3/2015General Motors Co. has introduced lower-cost versions of its Chevrolet Cruze small sedan and Buick LaCrosse, Chevy Equinox and GMC Terrain crossovers, Automotive News reports.
Lamborghini Delays Crossover Again
2/3/2015Volkswagen AG's Lamborghini supercar unit has again delayed plans to introduce its first crossover vehicle.
Oil Prices Jump
2/3/2015Petroleum futures gained 8% on Friday, their biggest daily advance in more than two years.
One-Time Items Cut Chrysler Profits by 56%
2/3/2015The former Chrysler Group now the FCA USA unit of Fiat Chrysler Automobiles NV hiked revenue last year 15% to $83 billion (€73 billion) in 2014.
Uber Partners with Carnegie Mellon on Self-Driving Cars
2/3/2015Ride-share provider Uber Technologies Inc. is setting up an advanced technologies center in Pittsburgh and says it will work closely with Carnegie Mellon University there to develop mapping, vehicle safety and autonomous technologies.
Delphi Names New Board Chairman, Adds Directors
2/3/2015Delphi Automotive plc has chosen board member Rajiv Gupta to take over as chairman on March 1.
Restructuring Costs Trim Tenneco Earnings
2/3/2015Tenneco Inc. says $46 million in restructuring, pension and refinancing costs reduced its net earnings in the fourth quarter of 2014 to $21 million from $54 million in the same period a year earlier.
Honda Trims Cut Fit Production in Japan
2/3/2015Honda Motor Co. will cut output of Fit minicars 20% at its factory in Suzuka, Japan, The Nikkei reports.
SAIC-GM-Wuling Confirm Factory in Indonesia
2/3/2015China venture SAIC-GM-Wuling Automotive Co. confirms it will begin construction this year of a new assembly plant outside Jakarta, Indonesia.