NEWS

Honda to Recall Nearly 489,000 CR-V Crossovers

10/7/2012

Honda 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

10/7/2012

Honda 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

10/5/2012

The 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

10/5/2012

General 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

10/5/2012

General 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

10/5/2012

CEO 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

10/5/2012

Toyota 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

10/5/2012

Toyota 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

10/5/2012

Toyota 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

10/5/2012

Safety 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.