NEWS

About 1 Million GM Cars Still Await Ignition Switch Fix

12/1/2014

General Motors Co. has replaced faulty ignition switches in nearly 1.4 million of the 2.6 million vehicles it recalled worldwide in February, The Detroit News reports.

Truck Sales in Europe Climb Nearly 11%

11/28/2014

Demand for commercial vehicles across Europe rose to 183,100 units in October from 165,700 a year earlier, industry group ACEA reports.

Ferrari Likely to retain CEO Felisa

11/28/2014

Fiat Chrysler Automobiles NV Chairman John Elkann tells reporters there are no plans to replace Amedeo Felisa as CEO of Ferrari SpA when FCA spins off the iconic brand next year.

Honda’s Takata Airbag Recalls Date to 2002

11/28/2014

Honda Motor Co. has disclosed its first recall to replace faulty airbag inflators from Takata Corp. came in 2002.

Eurozone Inflation Drops to 0.3%

11/28/2014

Falling oil prices cut inflation in the eurozone to 0.3% in November from an already low 0.4% in October, according to EU statistical agency Eurostat.

Oil Prices Plunge as OPEC Declines to Cut Output

11/28/2014

Oil futures in the U.S. dropped below $70 per barrel for the first time in four years after the Organization of the Petroleum Exporting Countries decided on Nov. 27 not to cut production.

Germany Sets Quota for Women Board Members

11/26/2014

Germany has ordered the country's largest companies to appoint women to 30% of their supervisory board positions by the end of 2016, BBC News reports.

GM Loses Bid to Merge California Recall Lawsuit

11/26/2014

A federal court judge in New York City has declined to rule that a California lawsuit concerning at least 35 safety defects in General Motors Co. vehicles should be merged with more than 100 similar cases in New York.

FCA Ordered to Accelerate Takata Airbag Recall

11/26/2014

The National Highway Traffic Safety Administration has ordered Fiat Chrysler Automobiles NV to notify 371,000 of its customers no later than Dec. 1 that it intends to replace defective Takata Corp. airbag inflators in their vehicles.

New Takata Airbag Failure May Broaden Recalls in Japan

11/26/2014

Japan's transportation ministry tells reporters it may order Takata Corp. to broaden current recalls in Japan to replace airbag inflators that could explode when triggered.