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Report: Fuel Economy Rating Gap In Europe Now 31%
11/6/2014The average difference between the official fuel economy ratings for new cars in Europe and their actual efficiency soared to 31% last year from 8% in 2001, according to this year's Mind the Gap report by Brussels-based Transport & Environment.
Honda to Upgrade Ontario Plant
11/6/2014Honda Motor Co. plans to invest $857 million over three years to upgrade its car and engine complex in Alliston, Ont.
Hyundai, Kia Aim for 25% Fuel Economy Boost by 2020
11/6/2014Hyundai Motor Co. and its Kia Motors Corp. affiliate are vowing to improve their fleet average fuel economy 25% in six years.
Takata Deepens Loss Estimate as Airbag Crisis Grows
11/6/2014Takata Corp. now expects to lose 25 billion yen ($218 million) in the current fiscal year ending March 31 because of expanding recalls of its faulty airbag inflators.
GM Tries Gift Cards to Lure Ignition-Switch Recall Candidates
11/6/2014General Motors Co. is offering $25 gift cards to coax U.S. owners of older-model cars with defective ignition switches to get their cars repaired.
Chrysler’s Revenue, Profits Soar
11/6/2014Chrysler 200 Chrysler Group LLC posted 18% hikes in unit sales (to 711,000 units) and revenue (to $20.7 billion) in July-September.
Magna’s Net Income Jumps 47%
11/6/2014Magna International Inc. reports its net income surged to US$470 million in the third quarter of 2014 from $319 million in the same period last year.
Audi Recalls A4 Models to Reprogram Airbag Software
11/6/20142015 Audi A4 Audi AG is recalling 117,100 of its 2013-2015 model A4 and S4 small sedans and wagons in the U.S. and Canada to update faulty airbag control software.
Toyota’s Quarterly Net Income Rises 13%
11/6/2014Toyota Motor Corp.'s vehicle sales were virtually flat at 4.48 million units in July-September.
GM Asks Judge to Dismiss Ignition-Switch Economic Claims
11/6/2014General Motors Co. has petitioned the judge that handled its bankruptcy to throw out two lawsuits demanding the company compensate customers for lost resale value caused by massive recalls this year.