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After Toyota official, a Honda executive also backs Takata


Japanese auto safety systems suppliers Takata Corp. has come to widespread attention because of its ongoing debacle with airbags manufactured between 2000 and 2007. Over the past years, millions of cars have been recalled because airbag inflators were defective and could potentially explode and send metal shrapnel and debris flying at high velocity through the cabin. The NHTSA has said the ...
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Honda cuts Thailand production and postpones new facility
Honda Motor Co’s Thai division has decided to slow down production at its Ayutthaya manufacturing facility to just 60% of its capability, as political tensions in the country have impacted ...
UK – Subaru BRZ gets price cut
Subaru has announced a significant price cut for the BRZ in the United Kingdom where the model in question is now 2,500 GBP cheaper. If you were looking up into the ...
Suzuki S-Cross gets price cut in Australia
Suzuki has recently chopped the price of the S-Cross in Australia, where the most affordable version of the model is now available to its future customers from 1,000 AUD less ...
India’s government proposes auto duties cuts
In a move that might reduce car prices and grow falling sales, India’s finance minister has announced a proposal to reduce factory duties on vehicles, with small cars now taxed ...
Moody’s cuts rating, Fiat shares drop
Because Moody's decided to cut Fiat's rating to 'B1' from 'Ba3', the Italian automaker’s shares were slightly down. Moody's explained the decision, citing the lower than expected results from last year, ...
Britain’s Insurer Direct Line Will Lay Off Almost 2,000 Employees
The British Direct Line Insurance Group announced its plans to cut 2,000 jobs, part of its strategy to boost profit and reduce costs. Direct Line Insurance Group, which is the motor ...
Australia: McLaren MP4-12C gets $100,000 price cut
McLaren has recently announced a price cut for the MP4-12C in Australia which is more than significant. New rear mid-engined supercar buyers in Australia are going for the MP4-12C’s rivals, the ...
Nissan GT-R Track Edition goes on sale in the U.S.
Nissan has recently announced the launch of the GT-R Track Edition in the United States, where its future customers will have to pay 115,710 USD before driving their new rides ...
VW CEO Martin Winterkorn Will Get His Pay Cut for 2012
According to Der Spiegel magazine, VW Chief Executive Martin Winterkorn will be paid for last year 14 million euro, 20% less from 2011. According to anonymous sources, the automaker’s supervisory board ...

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