NEWS

Senators Turn Up the Heat on GM’s Barra

4/2/2014

General Motors Co. CEO Mary Barra faced harsh questioning by U.S. senators on Wednesday about GM's belated recall of 2.6 million faulty ignition switches linked to 13 fatalities.

India Ponders Low-Sulfur Diesel Fuel Standard

4/2/2014

India is studying a plan that would require refiners to reduce the sulfur content of their diesel fuel to European levels, an essential step in reducing soot emissions.

GKN Buys Hybrid Unit from Williams Formula One Team

4/2/2014

British engineering firm GKN Land Systems Ltd. has acquired a high-tech hybrid powertrain company from William Grand Prix Engineering Ltd.

BMW to Recall 232,100 SUVs, Sports Cars in China

4/2/2014

Chinese regulators have ordered BMW AG to recall 232,100 cars and SUVs with engine bolts that could loosen or break, creating an oil leak that damages the engine.

Chrysler Recalls 868,000 Jeeps for Brake Problem

4/2/2014

Chrysler Group LLC is recalling Jeep Grand Cherokee and Dodge Durango SUVs to shield or replace brake boosters that could corrode and make braking more difficult.

GM Hires Disaster Expert to Advise on Ignition Switch Recall

4/2/2014

General Motors Co. has retained disaster compensation expert Kenneth Feinberg to advise how the company should respond to families victimized by crashes involving GM's recalled ignition switches.

Telefonica Signs Connectivity Deal with Tesla

4/2/2014

Spanish telecommunications giant Telefonica SA will supply connectivity services across Europe for owners of Tesla Motors Inc.'s Model S electric cars.

Ford Will Trim 950 Jobs in Russia

4/2/2014

Ford Motor Co.'s 50:50 joint venture with Russia's OJSC Sollers will eliminate 950 jobs at two factories in the country because of declining sales.

China Ponders Expanded EV Incentives

4/2/2014

Vice Premier Ma Kai says China may attempt to bolster demand for electric vehicles by reducing or waiving the country's 10% purchase taxes on such vehicles, Bloomberg News reports.

Car Sales Continue to Revive in Spain

4/2/2014

New-car deliveries grew 10% to 79,900 units in Spain last month, reports industry group ANFAC.