NEWS

Eased Foreign Ownership Rules Could Kill China’s Car Brands

2/14/2014

Domestic car brands in China may be wiped out if the government relaxes rules on foreign ownership.

Marchionne Tries a Familiar Tack to Win Canadian Concessions

2/14/2014

Chrysler-Fiat CEO Sergio Marchionne tells reporters the company is "not even close" to deciding whether to build its next-generation minivan in Canada.

Chrysler Drops Monthly Production Reports

2/13/2014

Chrysler Group is joining General Motors in ending monthly announcements about vehicle production in North America.

BorgWarner Profits Climb 17%

2/13/2014

BorgWarner Inc.'s fourth-quarter net income last year grew to $141 million from $121 million in 2012.

Bridgestone to Pay $425 Million Fine for Rigging Bids

2/13/2014

Bridgestone Corp. will plead guilty to a felony charge and pay a $425 million criminal fine for manipulating the price or rubber components supplied to carmakers between at least 2001 and 2008, according to the U.S.

Schaeffler Picks Deller to Become CEO

2/13/2014

Schaeffler AG has chosen Klaus Deller, currently head of commercial vehicle braking systems at Knorr-Bremse AG, to become its CEO on July 1.

Ford Adds Next-Generation Edge Production in Canada

2/13/2014

Ford Motor Co. will produce the next-generation Edge crossover at its Canadian factory in Oakville, Ont.

Renault’s Profit Jumps 59%

2/13/2014

Renault SA's group operating profit in 2013 rose to €1.24 billion from €782 billion for the previous year.

GM Recalls 779,000 Cars for Faulty Ignition Switches

2/13/2014

Ignition switches that could be jolted into the "off" position while the car is running have triggered a recall of General Motors Co.

Record January Car Sales in China

2/13/2014

Sales of passenger vehicles in China rose to a record 1.88 million units in January from 1.71 million a year earlier, according to the China Passenger Car Assn.