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Toyota Aims for 16% Sales Gain in Europe Next Year
3/4/2014Toyota Motor Corp. tells reporters an expanded lineup of hybrid-powered cars will help it increase sales in Europe 2% to 865,000 units in 2014.
Chrysler Drops Pleas for Canadian Aid
3/4/2014Fiat SpA's Chrysler unit is withdrawing all requests for government aid for its Canadian factories in Ontario and will fully fund their upgrades on its own.
GM Launches Internal Probe of Its Recall Procedure
3/4/2014General Motors Co.'s CEO Mary Barra is leading a team of executives overseeing the company's belated recall of 1.6 million vehicles to fix a 10-year-old ignition switch problem.
Peugeot 308 Named Europe’s Car of Year
3/4/2014A panel of 58 European journalists has chosen the midsize Peugeot 308 as Europe's 2014 Car of the Year.
VIEWPOINT | INNOVATION AT MAGNA
3/4/2014The global auto industry's search for more efficient vehicles and lower production costs presents huge opportunities for global suppliers.
U.S. Car Market Stalls as European Brands Slip
3/3/2014Sales of passenger vehicles in the U.S. totaled 1.19 million units in February, equal to a year earlier.
U.S. February Car Sales Stall
3/3/2014Sales of cars and light trucks in the U.S. totaled 1.19 million in February, the same as in February 2013, reports Autodata Corp.
Magna’s Quarterly Sales, Earnings Jump
3/3/2014Magna International Inc. reports its sales in October-December 2013 rose 14% to US$9.2 billion.
EPA Finalizes Lower Sulfur Limits for Fuel
3/3/2014The U.S. Environmental Protection Agency has ruled that the allowable sulfur content in gasoline must drop to 10 parts per million from the current 30 ppm by 2017.
Tavares: PSA Won’t Sell Faurecia to Boost Profits
3/3/2014PSA Peugeot Citroen's new CEO Carlos Tavares doesn't rule out a possible sale of the company's 52% stake in supplier Faurecia SA, Reuters reports.