Honda Launches Global Recall to Fix Faulty Door Latch
7/19/2012Honda Motor Co. is recalling more than 321,500 vehicles worldwide to repair malfunctioning front door latches . The campaign, which will begin next month, includes 172,800 vehicles in the U.S. and 21,700 in Canada.
Fed: U.S. Economic Growth “Modest to Moderate”
7/19/2012The American economy continued to expand slowly in most parts of the country in June and early July, according to the Federal Reserve's Beige Book business survey.
White House to Finalize 2025 Fuel Economy Rules in August
7/19/2012The Obama administration is expected to approve new fuel efficiency standards for 2017-2025 by Aug. 15, The Detroit News reports.
Talk of EU-Japan Trade Deal Riles Carmakers
7/18/2012Forging a free trade agreement with Japan would be in Europe's best interests as Asian economies grow, EU trade chief Karel De Gucht tells the European Commission.
Nissan May Source Vehicles from Renault’s Korean Unit
7/18/2012Capacity-constrained Nissan Motor wants to boost its vehicle output by allocating some production to the underutilized plants of Renault Samsung Motors, the South Korean subsidiary of its alliance partner Renault, The Nikkei reports.
Fiat Trims Summer Output at Italian Plant
7/18/2012Fiat SpA will keep its assembly plant in Pomigliano idled for an additional two weeks in late August after the traditional summer four-week shutdown because of Europe's slumping auto market.
GM Vacates Namesake Building in New York
7/18/2012The last of General Motors Co.'s executives are moving out of the iconic GM Building on Fifth Avenue in New York City, Crain's New York Business reports.
Honda to Boost Capacity 25% at Indiana Factory
7/18/2012Honda Motor Co. says it will spend $40 million at its assembly plant in Greensburg, Ind. to increase capacity by 50,000 units to 250,000 vehicles per year.
France to PSA: No Aid Without Sacrifice
7/18/2012The French government has told PSA Peugeot Citroen that the struggling carmaker won't receive federal aid unless it makes concessions, Industry Minister Arnaud Montebourg tells Europe 1 radio.
Court Upholds EPA NOx Monitoring Rule
7/18/2012A federal rule limiting the oxides of nitrogen content of ambient air to 100 parts per billion has been upheld by the U.S.