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Delphi Warns of “Improper” Payments in China
4/30/2014Delphi Automotive plc has identified payments made by some of its manufacturing employees in China that may violate the U.S.
Daimler’s Profit Surges 93%
4/30/2014Daimler AG posted a net profit of €1.1 billion in the first quarter of 2014 compared to €564 million in the same period last year.
Tesla to Pursue Two Sites for Battery “Gigafactory”
4/30/2014Tesla Motors Inc. plans to select at least two states in which to build a giant batterymaking factory, then pursue construction plans in each one right up to groundbreaking before choosing the final site.
PSA Begins New-Stock Sale
4/30/2014PSA Peugeot Citroen is offering new shares to investors at €6.77 as part of its €3 billion capital increase.
U.S. Proposes Higher Fines for Slow Recalls
4/30/2014The U.S. Dept. of Transportation proposes hiking the maximum fine that government may levy against a carmaker for taking too long to launch a safety recall nearly ninefold to $300 million per occurrence.
TRW Earnings Jump 23%
4/30/2014Revenue at TRW Automotive Holdings Corp. grew 5% to $4.4 billion in January-March.
VW’s First-Quarter Profit Climbs 22%
4/30/2014Volkswagen AG reports its operating profit for January-March rose to nearly €2.9 billion from €2.3 billion in the first quarter of 2013.
Toyota Unleashes a Sportier Camry
4/30/2014Toyota Motor Corp.'s best-selling Camry midsize sedan features a notably sportier look, interior upgrades and more advanced safety features for 2015.
Report: GM Was Slow to Launch Airbag Recall
4/29/2014The recall General Motors Co. announced last month to fix an airbag flaw in 1.2 million crossovers came more than six years after the company first identified the problem, Automotive News reports.
Daimler Recall Will Fix Faulty Taillamps
4/29/2014Daimler AG is preparing to recall 252,900 Mercedes-Benz C-Class luxury cars whose taillights may dim or stop working.