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Six Carmakers to Test Takata Airbags
12/8/2014Signaling no confidence in struggling Takata Corp., six carmakers say they will collaborate to independently determine why some of the supplier's passenger-side airbag inflators can explode when activated.
Ford Prepares to Export Mustang to China
12/8/2014China spec 2015 Ford Mustang Ford Motor Co. plans to begin shipping 2015 model Mustang sport coupes to China in early 2015.
New-Car Sales Growth Slows to 5% in China
12/8/2014BMW dealer, China Retail deliveries of passenger vehicles in China expanded by a modest 5% to 1.7 million units last month, according to the country's Passenger Car Assn.
Honda Prepares for New Takata Airbag Recall in Japan
12/8/2014Exploded Takata airbag Honda Motor Co. tells Reuters it plans to recall about 135,000 vehicles in Japan to replace potentially faulty airbag inflators supplied by Takata Corp.
FCA Will Offer Shares, Securities
12/8/2014Fiat Chrysler Automobiles NV says it will offer 87 million shares and $2.5 billion (€2 billion) in mandatory convertible securities.
Japan’s Recession Worse Than Forecast
12/8/2014Japan's gross domestic product shrunk by an adjusted 1.9% from April-June to July-September, deeper than the 1.6% shrinkage estimated previously by the government.
U.S. Gasoline Prices Continue to Fall
12/8/2014The average price of gasoline in the U.S. starts the week at $2.70, eight cents lower than a week ago and $1 below the peak price reached on April 28, according to the AAA Daily Fuel Gauge Report.
VW Reportedly Buys Stake in U.S. Batterymaker
12/8/2014Volkswagen AG has acquired 5% of QuantumScape Corp., a California-based developer of next-generation battery technologies, sources tell Bloomberg News.
Toyota Will Triple Fuel-Cell Capacity in Japan
12/8/2014Toyota Motor Corp. plans to spend about 20 billion yen ($164 million) to triple its annual capacity to make fuel cells and hydrogen fuel tanks, The Nikkei reports.
Subaru Prepares to Relocate U.S. Headquarters
12/8/2014Subaru of America Inc. says it will decide by April about moving its current headquarters in Cherry Hill, N.J., to a larger site about four miles away to Camden.