NEWS

Schaeffler Operating Profit Surges 36%

11/21/2014

Schaeffler Group's earnings before interest and taxes climbed to €428 million in the third quarter of 2013 from €314 million in the same period last year.

Carlisle to Head GM Canada

11/21/2014

General Motors Co. has named Stephen Carlisle as president and managing director of GM of Canada Ltd.

Toyota Leads Carmakers in Net Profit

11/20/2014

Toyota Motor Corp. easily outpaced Volkswagen AG as the world's most profitable carmaker in their 2014 fiscal first halves, according to The Nikkei.

Opel to Add Flagship SUV in Five Years

11/20/2014

General Motors Co. says its Opel unit will introduce an all-new SUV to the top end of its product lineup by the end of the decade.

GM Taps Purchasing Chief to Head Global Quality

11/20/2014

General Motors Co. has named Grace Lieblein, previously head of global purchasing and supply chain, to take over as vice president of global quality.

6% of Cars Fixed So Far in Takata Airbag Recalls

11/20/2014

Only about 6% of the 8 million vehicles recalled in the U.S. over the past two years to replace faulty Takata Corp. airbag inflators have actually been repaired, according to Bloomberg News.

Cadillac Aims to Double Sales by 2020

11/20/2014

Johan de Nysschen Cadillac will begin reporting its own financial results in about 2017 and double its worldwide sales volume to more than 500,000 units by the end of the decade, declares President Johan de Nysschen.

White House Nominates New Head for NHTSA

11/20/2014

Mark Rosekind The Obama administration has nominated Mark Rosekind, a member of the National Transportation Safety Board, to lead the troubled National Highway Traffic Safety Administration.

Takata Protests Widened U.S. Airbag Recall

11/20/2014

Takata Corp., whose defective airbag inflators are being recalled on a regional basis in the U.S., warns that broadening the campaigns could hamper efforts to replace the devices where the likelihood of their failure is highest.

Volkswagen Debuts 296-hp Sport Wagon

11/20/2014

Volkswagen AG is presenting a 296-hp wagon version of its Golf R hatchback at the Los Angeles auto show this week.