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Takata Asked to Return Tested Airbag Inflators to U.S.
2/2/2015Lawyers want a U.S. District Court judge in South Carolina to order Takata Corp. to preserve potentially defective airbag inflators it has been evaluating in Japan and return them to the U.S. for independent failure tests.
Renault Boosts Rebates for Dealers in China
2/2/2015Renault SA is the latest carmaker to ease sales goals and promise aid to improve the profitability of its dealers in China, Bloomberg News reports.
NHTSA Orders Multi-Brand Recall to Replace Airbag Controller
2/2/2015Chrysler, 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.
UPDATE: GM Ignition-Switch Fund Declares Itself a Success
2/2/2015The compensation fund set up by General Motors Co. for victims of its defective ignition switches says 100% of claimants who have been offered a settlement to date have accepted it.
Report: Most Motorcycle Crashes Due to Driver Error
2/2/2015Motorcyclists in the U.S. are 3.5 times as likely to crash on their own than to be struck by another vehicle, according to Progressive Corp.
BMW Says It has Fixed Lock Security Flaw
2/2/2015BMW AG confirms a report by German auto club ADAC that 2.2 million of its cars with ConnectedDrive service have been vulnerable to being unlocked remotely by hackers.
UPDATE: Oil Prices Jump
1/30/2015Petroleum futures gained 8% on Friday, their biggest daily advance in more than two years.
Bosch Sales Up 6%
1/30/2015Group sales by Robert Bosch GmbH climbed 6% to €48.9 billion in 2014, led by 9% growth in its automotive business to €33.3 billion.
U.S. Drives Growth for Lear
1/30/2015Operating results for Lear Corp. surged 35% to $280 million in the fourth quarter last year, as 14% growth in automotive seating sales in North America hiked revenue 7% to $4.5 billion.
U.S. Economic Growth Slows in Fourth Quarter
1/30/2015America's gross domestic product expanded by an annualized 2.6% in the fourth quarter of 2014, down from 5% in July-September, according to preliminary figures from the U.S.