Honda to Recall Nearly 489,000 CR-V Crossovers
10/7/2012Honda Motor Co. plans to recall 268,700 CR-V small crossovers in the U.S. and 220,000 of the vehicles in Europe to replace a power window switch that could short circuit and cause a fire.
Honda to Recall CR-V Crossovers to Fix Switch
10/7/2012Honda Motor Co. plans to recall 220,000 CR-V small crossovers in Europe and 268,700 of the vehicles in the U.S. to replace a power window switch that could short circuit and cause a fire.
America’s Jobless Rate Drops to 44-Month Low
10/5/2012The U.S. unemployment rate unexpectedly tumbled to 7.8% in September from 8.1% in August, according to the Dept. of Labor.
Opel “Vital” to GM’s Future in Europe
10/5/2012General Motors Co. says it will not sell its troubled Adam Opel unit, which it calls "vital" to the American company's future success in Europe. "Opel is not for sale," declares GM Vice Chairman Steve Girsky in response to a report in Italy's Il Sole-24 Ore.
GM to Close Fuel Cell Center in NY
10/5/2012General Motors Co. plans to shut down its hydrogen fuel-cell R&D center in Honeoye Fall, N.Y., and consolidate those operations with its GM Powertrain engine and transmission research unit in Pontiac, Mich., early next year.
Visteon Promises Strategy “Clarity”—in 15 Months
10/5/2012CEO Timothy Leuliette tells Bloomberg News that Visteon Corp. will formulate a restructuring strategy for each of its units by the end of 2013, thus providing investors with clarity.
South African Workers End Toyota Strike
10/5/2012Toyota Motor Co. has agreed to a 5.7% wage hike at its assembly plant in Durban, South Africa, thus ending a three-day walkout there, according to the National Union of Metalworkers of South Africa.
Toyota Will Slash Output in China
10/5/2012Toyota Motor Corp. says it will reduce production in China this month perhaps by as much as 50% in response to dramatically lower demand for its vehicles there, according to Japanese newspaper reports.
Toyota to Slash Output in China This Month
10/5/2012Toyota Motor Corp. says it will reduce production in China in October perhaps by as much as 50% in response to dramatically lower demand for its vehicles there, according to Japanese newspaper reports.
NHTSA Investigates Faulty Liftgate Struts
10/5/2012Safety officials in the U.S. are trying to determine how many carmakers may have used defective gas-filled struts from Germany's Stabilus GmbH to support the power rear liftgates of their minivans and crossovers.