NEWS

Subaru to End U.S. Factory Sharing with Toyota

10/24/2013

Fuji Heavy Industries Ltd. says it will boost its Subaru carmaking capacity in the U.S. to 370,000 units by 2016 from 170,000 today, The Nikkei reports.

Subaru-Toyota Factory Sharing to End

10/23/2013

Fuji Heavy Industries Ltd. says it aims to negotiate an end to sharing its Indiana factory with Toyota Motor Corp. so that it can use the capacity there to hike U.S. production of Subaru models, The Nikkei reports.

Honda Reveals Small and Sporty Cars for Tokyo Show

10/23/2013

Honda Motor Co. plans to introduce two production cars and two near-production concepts at the Tokyo auto show in late November.

Tesla to Build High-Voltage Charging Network in Germany

10/23/2013

Tesla Motors Inc. says by the end of next year it will install 40-50 of its high-power Supercharger stations across Germany to support the sale of its Model S electric sedan there.

GM-PSA Drops Planned Joint Small-Car Platform

10/23/2013

General Motors Co. and PSA Peugeot Citroen are scrapping plans to co-develop a platform for small cars and may scale back other aspects of the alliance they signed last December.

GM-PSA Abandons Joint Small-Car Project

10/23/2013

PSA Peugeot Citroen and General Motors Co. are scrapping plans to co-develop a platform for small cars and may scale back other aspects of the alliance they signed last December.

PSA Revenue Slides 4%

10/23/2013

PSA Peugeot Citroen reports that its group revenue declined nearly 4% to €12.1 billion in the third quarter.

Nissan Recalls SUVs to Reprogram Brake System

10/23/2013

Nissan Motor Co. is preparing to recall almost 152,000 SUVs in the U.S. to reprogram their antilock brake system software.

Well-Funded Lending Unit Gives Toyota Competitive Edge

10/23/2013

Toyota Motor Corp. can offer customers including higher-risk buyers more loans than its rival because its captive finance arm enjoys superior credit ratings and $95 billion in assets, Bloomberg News reports.

India May Fine GM $1.6 Million for Emissions Fraud

10/23/2013

Indian investigators have concluded that General Motors Co. is guilty of corporate fraud for falsifying emission test data, according to Reuters, which cites an unidentified government official.