NEWS

U.S. Customers Win Fuel-Economy Cash Settlement from Hyundai

2/26/2013

Hyundai Motor Co. has agreed to settle 38 consolidated federal lawsuits filed by American consumers who allege the company misled them about the fuel efficiency of its models.

Geely to Double Spending on Fixing U.K. Taxi Maker

2/26/2013

Zhejiang Geely Holding Group Co. plans to invest 100 million (€115 million) over the next five years to revive Manganese Bronze, the maker of London's iconic black cab.

Cooper Standard Swings to Quarterly Loss

2/26/2013

Cooper-Standard Holdings Inc., parent of supplier Cooper Standard Automotive, posted a $10 million net loss in the fourth quarter of last year compared with a $23 million profit in the same period of 2011.

Report: Lexus is America’s Top Auto Brand

2/26/2013

Consumer Reports has bestowed its highest rating on Toyota Motor Co.'s Lexus unit.

Lexus Tops Consumer Reports Brand Ratings

2/26/2013

Consumer Reports has bestowed its highest rating on Toyota Motor Co.'s Lexus unit.

Magazine: Lexus is Top Auto Brand in U.S.

2/26/2013

Consumer Reports has bestowed its highest rating on Toyota Motor Co.'s Lexus unit.

Toyota Venture Opens Powertrain Plant in Bangalore

2/26/2013

A Toyota Motor Co. parts affiliate has launched production of engines and transmissions at a new $93 million factory in India.

Cadillac Begins Production of New Sedan in China

2/26/2013

General Motors Co. and joint venture partner Shanghai Automotive Industry Corp. started building the new Cadillac XTS fullsize sedan this week at an assembly plant in Shanghai.

UPDATE: GM Denies Seeking 23% Pay Hike for CEO

2/26/2013

General Motors Co. declares "false" a flurry of news reports that it wants to award CEO Dan Akerson compensation totaling $11.1 million this year.

Fiat, PSA Ratings Sink Deeper into Junk-Bond Territory

2/26/2013

Fitch Ratings has lowered its rating for Fiat SpA debt by one notch to BB-, three steps below investment grade.