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Daimler puts aside €600 million for EU antitrust investigation


The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that would emerge from an antitrust investigation into truck producers led by the European Commission. This strategy will affect the company’s earnings these last three months of 2014 but stood by this year’s forecast earnings to rise significantly compared to last year. ...
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Mexican government also asking Takata information over airbags
The country’s economy ministry announced it asked the local division of Japanese auto parts supplier Takata Corp for information about the exact car models that have been supplied with its ...
Europe: truckmaker Volvo AB readies $497 million for EU antitrust investigation
The Swedish company, currently the second-largest truckmaker and in no relation with Volvo Cars, has set aside a provision of 400 million euros ($497 million) after seeing a European Commission ...
US: safety regulators don’t recall around 600,000 Ford, GM autos
When almost 54 million vehicles have been recalled so far this year in the US – setting up a huge, unwanted, record – seeing that some 600,000 autos might not ...
US: Takata hit with criminal probe over airbag recalls
Japanese auto safety supplier Takata Corp has announced it has become part of a US criminal probe, tasked to investigate the ongoing airbag recall debacle that has been so far ...
US: Takata could face criminal investigation
Following the scandal concerning defective airbags produced by Japan’s Takata Corp., the US lawmakers have moved to ask for an official criminal probe of the company. The second-largest auto safety parts ...
Report – NHTSA to face official evaluation
The Obama administration has moved to conduct an extensive review of the agency that is in charge with regulating the auto safety after it mishandled a public campaign. The news comes ...
Report – Takata officials under investigation by US prosecutors
According to a report coming from The Wall Street Journal, the federal prosecutors have opened a probe to see whether Japanese auto parts maker Takata Corp’s executives withheld information from ...
US: Honda probes Takata-related parking crash and death
Honda, the Japanese automaker that counts as a subsidiary the Acura premium brand, has announced it started an investigation over a fatality allegedly caused by Takata’s defective airbags. The news comes ...
US: Japanese auto supplier to pay $100 million for probe settlement
Yazaki Corporation, the market leader for auto wire harnesses, has been hit with a civil payment of $100 million, needed to settle a long-running automotive supplier price-fixing investigation and subsequent ...

latest automotive news
Caterham survival takes another step on Monday
Dec.21 (GMM/Inautonews.com) The future of ailing F1 team Caterham will be decided on Monday. The backmarker team as well as ...
2015 Ford Mondeo arrives in Romania – short test drive inside
Ford Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, ...
Ricciardo pace ‘a factor’ in Vettel exit – Horner
Dec.20 (GMM/Inautonews.com) Daniel Ricciardo's surprising pace was "probably a factor" in the decision taken by Sebastian Vettel to leave ...
Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
While critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing ...
Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan ...