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GM Knew of Ignition Switch Problem Three Years Earlier
3/13/2014General Motors Co. now says the first internal report about a problem with the faulty ignition switch it recalled last month came in 2001, three years earlier than the company reported earlier and before the first affected cars went into production.
Report: Plug-In Hybrids Are Most Efficient, Sometimes
3/12/2014Plug-in hybrid electric vehicles can be as much as 60% more energy efficient than conventional gasoline-fueled cars and 40% more efficient than standard hybrid-electric vehicles.
Audi Confirms Production of R8 Electric
3/12/2014Audi CEO Rupert Stadler tells reporters production plans for the company's on-again, off-again R8 E-tron, an all-electric version of its R8 sports car, are on again.
Volvo Truck’s Quarterly Earnings Slip
3/12/2014AB Volvo reports that group net sales in the fourth quarter of 2013 grew 8% to 77 billion kronor (€8.6 billion), as deliveries of its commercial trucks rose 15% to 61,600 units.
Fiat Cuts Marchionne’s Compensation 28%
3/12/2014Fiat Group paid CEO Sergio Marchionne €3.6 million in salary, bonuses and incentives for his work in 2013, down from the €5 million he received in 2012.
Magna to Supply Carbon-Fiber Body Panels
3/12/2014Magna International Inc. has won a contract to make painted carbon fiber exterior body panels for two undisclosed 2016 model-year vehicles.
Volvo, Geely Resolve Strategic Differences
3/12/2014Volvo Car Corp. and Zhejiang Geely Holding Group Ltd., its owner since 2010, have resolved their operating differences and agreed on a common strategy, the Financial Times says.
Toyota Workers in Japan Win First Base Pay Hike in Six Years
3/12/2014Toyota Motor Corp. has agreed to increase monthly base wages for its workers in Japan by an average 2,700 yen ($26) per month.
Investors Urge Suzuki to Halt Plan for New Factory in India
3/12/2014A group of minority investors in Maruti Suzuki India Ltd. wants the company's Japanese parent, Suzuki Motor Corp., to abandon plans to erect an independent auto assembly plant in Gujarat.
NTSB Chairman to Step Down
3/12/2014Debbie Hersman is leaving as head of the U.S. National Transportation Safety Board to become CEO of the non-government National Safety Council.