NEWS

Carmakers Review Takata as Airbag Supplier

10/6/2014

Several Japanese carmakers are re-evaluating their use of airbags supplied by Takata Corp. in the wake of some 12 million recalls to replace faulty inflators that could explode, The Wall Street Journal reports.

Maserati Outlines Sales, Model Plans

10/6/2014

Fiat SpA's Maserati unit tells Reuters the company expects to sell about 38,000 vehicles this year and affirms its goal to reach volume of 50,000 units in 2015.

Toyota Takes Long View About Fuel-Cell Car in Europe

10/6/2014

Toyota Motor Corp. plans a slow and very controlled debut of its upcoming fuel-cell-powered sedan in Europe next year, Automotive News Europe says.

U.S. Unemployment Drops to 6-Year Low

10/6/2014

America's jobless rate fell to 5.9% in September from 6.1% in August, its lowest level since July 2008, according to the U.S. Dept. of Labor.

Marchionne, Montezemolo “Clarify” Ferrari Shakeup

10/6/2014

Fiat SpA CEO Sergio Marchionne has bluntly refuted widespread speculation that Luca di Montezemolo was ousted as chairman of Ferrari SpA because of the poor performance of the Ferrari Formula One racing team or disagreement over appropriate level of exclusivity for the brand.

Daimler, Renault-Nissan Alliance to Expand Partnership

10/6/2014

Better-than-expected cost savings are prompting Daimler AG and the Renault-Nissan alliance to expand their 4-year-old product development partnership, Bloomberg News reports.

Ford Posts Record Sales in Sub-Sahara Region of Africa

10/3/2014

Ford Motor Co. reports any-month record sales of nearly 7,300 vehicles in South Africa in September, up 26% from the same period in 2013.

GM to Recall 524,400 Vehicles in Two Campaigns

10/3/2014

General Motors Co. has announced two recalls covering 524,000 vehicles built since 2009 to repair faulty hood latches and loose suspensions components.

Tokyo Auto Show Announces Tech & Fantasy Theme

10/3/2014

Next year's Tokyo auto show theme will be "technology and fantasy," according to organizers.

Buffett Agrees to Buy Giant U.S. Dealership Network

10/3/2014

Investor Warren Buffett's Berkshire Hathaway Inc. is acquiring Van Tuyl Group, America's largest privately owned car dealership group.