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Yanfeng Adds Test Lab in Slovak Republic
4/27/2017China’s Yanfeng Automotive Interiors has opened a new test lab within the company's technical center in Trencin, Slovak Republic.
BorgWarner Reports Sales, Earnings Gains
4/27/2017BorgWarner Inc.’s operating income and net earnings in the first quarter grew 11% to $293 million and 15% to $180 million, respectively.
Toyota Recalls 228,000 Tacoma Trucks in U.S.
4/27/2017Toyota Motor Corp. is preparing to recall about 228,000 of its 2016-2017 model Tacoma compact pickup trucks with rear axle differentials that could leak oil, seize and cause a crash.
Renault Hikes First-Quarter Revenue 25%
4/27/2017Renault SA’s increased its revenue 25% to €13.1 billion ($14.3 billion) in the first quarter as worldwide unit sales climbed 16% to 873,700 units.
Kia Inks Deal to Build $1.1 Billion Assembly Plant in India
4/27/2017Kia Motors Corp. has signed a memorandum of understanding to open a $1.1 billion factory in Andhra Pradesh, India, in the second half of 2019.
SiriusXM Buys Connected-Car Service Provider
4/27/2017Satellite-based radio service Sirius XM Holdings Inc. has acquired Automatic Labs Inc., a San Francisco-based provider of connected-vehicle services.
Vehicle Production in U.K. Jumps to 17-Year High
4/27/2017Output by the U.K.’s carmakers rose 7% to 170,700 units in March, the best result since 2000, the Society of Motor Manufacturers and Traders reports.
Ford’s First-Quarter Income Drops 36%
4/27/2017Ford Motor Co.’s net income in January-March fell to $1.6 billion from $2.5 billion. Adjusted pretax profit fell 42% to $2.2 billion.
Detroit Auto Show Opens Mobility Showcase to Public
4/27/2017The Detroit auto show will open its Automobili-D exhibit of advanced mobility options to the public next year.
Takata Said to Consider Bankruptcy, Asset Sale to New Company
4/27/2017Takata Corp. is considering a scheme to file for bankruptcy protection and sell its assets to a newly created company, thus separating ongoing operations from liabilities related to the company’s exploding airbag inflators, The Nikkei says.