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Report Says BMW, Toyota May Develop Mini “Minor”
1/30/2015BMW AG and Toyota Motor Corp. are evaluating a plan to co-develop a small entry-level Mini called the Mini Minor, according to Germany's Autobild.
Honda Cuts Forecast as Earnings Drop
1/30/2015Honda Motor Co. lowered its profit forecast 5% for the fiscal year ending March 31 after U.S. recall costs in October-December cut net earnings 15% to 137 billion yen ($1.2 billion).
Ally Financial’s Quarterly Earnings Soar 70%
1/30/2015Ally Financial Inc. reports net income of $177 million in the fourth quarter compared with $104 million in October-December 2013.
Carmakers Embrace Wireless Software Updates
1/30/2015Mainstream carmakers are rushing to expand their abilities to update software in vehicles remotely, Automotive News observes.
Ford: Weak Yen Gives Toyota $11,000 Bonanza Per Car
1/29/2015Japan's weak yen has generated as much as $11,000 additional profit per car for rival Toyota Motor Corp., according to Bob Shanks, Ford Motor Co.'s chief financial officer.
Woof! Audio Short Circuit Prompts Toyota Recall
1/29/2015Toyota Motor Corp. is recalling 52,000 of its 2011-2012 model Avalon sedans in the U.S. because wiring to their audio system's subwoofers could short out and cause a fire.
Honda Investigates Fifth Takata Airbag Fatality
1/29/2015Honda Motor Co. is investigating a fatal car crash involving a 2002 model Accord sedan that had been recalled to replace a Takata Corp. airbag inflator that could explode when triggered, Bloomberg News reports.
Autoliv Boosts Quarterly Net Profit 47%
1/29/2015Safety systems supplier Autoliv Inc. posted an operating income of $217 million in October-December compared with $203 million in the same period of 2013.
VW Expects to Surpass €5 Billion Savings Goal
1/29/2015Volkswagen AG should be able to "substantially" top its goal of reducing costs at its VW brand by more than the €5 billion it targeted last year, declares Bernd Osterloh, head of the group's works council.
GM to Idle Plant in Russia for Two Months
1/29/2015General Motors Co. says it will halt assembly operations at its factory in St.