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Daihatsu Predicts Its Sales in Japan will Fall 10%
1/17/2014Daihatsu Motor Co. expects Japan's higher consumption tax will cut its full-year domestic sales 10% to about 600,000 minivehicles, The Nikkei reports.
Ron Dennis Resumes Control of McLaren’s F1 Team
1/17/2014McLaren Group's lackluster Formula One racing team is back under the command of Chairman Ron Dennis, who told staffers he would launch a thorough review of all operations in February and declared, "There will be changes." Dennis, 66, led the team for 27 years but relinquished the role of team principal in 2009 to Martin Witmarsh.
Fisker Asset Auction Set for Feb. 12
1/17/2014An auction in New York City next month will determine who acquires the assets of bankrupt hybrid car maker Fisker Automotive Inc.
PSA Board to Discuss Dongfeng Investment Plan
1/17/2014PSA Peugeot Citroen's directors will meet on Sunday to decide on a combined €1 billion investment in the company from Chinese partner Dongfeng Motor Co. and the French government, according to Bloomberg News.
JCI Unveils Self-Adjusting Driver’s Seat
1/17/2014Johnson Controls Inc. has developed an algorithm and power seating system that properly adjusts itself automatically before the driver enters the vehicle.
U.S. Dismisses Lawsuit Over French Worker Pay at Goodyear Plant
1/17/2014A U.S. judge has rejected an effort by workers at a Goodyear Tire & Rubber Co. plant in Amiens, France, to boost their pay.
Report: Car-Buying by U.S. Millennials Will Surge
1/16/2014Three in five of America's Gen Y consumers those born between 1977 and 1994 plan to buy or lease a new vehicle in the next three years, according to Deloitte LLP.
U.S. to Sell Shares in Ally Financial Worth $3 Billion
1/16/2014The U.S. Dept. of the Treasury says it will sell 410,000 of the common shares it holds in Ally Financial Inc. formerly the GMAC financial unit of General Motors for $3 billion.
Fuel Line Leak Prompts Ford Edge Recall
1/16/2014Ford Motor Co. is preparing to recall 45,600 Edge crossover vehicles to replace a fuel line component that could cause a fire.
Japanese Supplier to Admit Guilt in U.S. Price-Fixing Probe
1/16/2014Tokyo-based Koito Manufacturing Co. has reached a deal with the U.S. Dept. of Justice to plead guilty and pay $57 million in criminal fines for conspiring to rig bids and fix prices on headlamps, tail lamps and related electronic components sold to Toyota Motor Corp.