Takata Reports Higher Profits Despite Expanding Airbag Crisis
Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Plants, jobs, sales figures, regulation and the executives behind them. The business of building cars.
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Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Toyota will discontinue its Scion brand in August 2016, rebranding existing models as Toyotas and ending a project that targeted younger buyers in the US market.
New Mexico has joined several US states in suing Volkswagen, Audi and Porsche, alleging violations of state air quality laws and deceptive marketing tied to the diesel emissions scandal.
The European Bank for Reconstruction and Development has suspended its €250 million loan for Volkswagen’s new Polish van plant following the diesel emissions scandal.
Jaguar Land Rover will report lower pre-tax profits for 2015 as major investment and the Tianjin port explosion hit both costs and sales, according to the company.
Mercedes-AMG will shift V12 engine assembly from Affalterbach to Daimler’s Mannheim site in early 2016 to address full order books for its flagship models.
Seat faces scrutiny within Volkswagen Group as the company seeks to reduce costs in the wake of the diesel emissions scandal and mounting financial pressures.
Investors await Tesla’s Q3 2015 results, but attention is focused on Model X output and the company’s ability to hit its full-year delivery goals.
Holger Haerter, Porsche's former finance chief, has admitted in a Stuttgart court to market manipulation during the company's failed 2008 Volkswagen takeover attempt.
US Volkswagen dealerships are offering incentives of up to $11,000 on new petrol and electric models as they struggle with unsold stock and regulatory blocks on diesel sales.
China is backing battery-electric vehicles while Japan invests in hydrogen, as the two Asian auto giants pursue competing visions for the future of alternative power.
Automakers are using advanced digital prototyping and simulation tools to reduce new model development time by up to a year and save millions in prototype and testing costs.
Volkswagen saw registrations fall sharply in Japan and South Korea in September, with the diesel emissions scandal undermining its position in key Asian markets.
Suzuki has secured approval to build a car manufacturing plant in Gujarat, India, with an initial capacity of 100,000 units and investment of 50 billion yen.
Korean environment officials will test 4,000 to 5,000 Volkswagen and Audi diesel cars following the US emissions cheating revelations, with potential for a wider investigation.
A reserve requirement cut by China’s central bank has freed up 30 million yuan for Volkswagen’s finance arm, offering scope to support car sales in a slowing market.
National Electric Vehicle Sweden, owner of Saab's assets, has signed a deal with Dongfeng Motor to jointly develop electric and hybrid vehicles for global markets.
Mexican officials want half of all vehicle content in the Trans-Pacific Partnership to be sourced from within the bloc, matching stricter North American standards.
The National Automobile Dealers Association expects US new vehicle deliveries to hit an all-time high next year, but warns millennial spending power could limit future growth.
Governor Rick Snyder's new campaign aims to highlight the breadth of automotive careers in Michigan and encourage more young people to join the sector.
A failed partnership between Volkswagen and Suzuki heads for a decision in London after four years of dispute, with development and emerging-market ambitions stalled on both sides.
Supply problems and special fuel blends in California and neighbouring states have kept US average petrol prices higher, despite falling global crude oil costs.
Nomura Holdings attracted at least 25,000 new accounts in early July as Toyota’s ¥500bn Model AA share issue spurred a rush of Japanese retail investors.
Bosch expects its automated driving assistance business to reach €1 billion in sales by 2016, driven by demand for radar and video sensor systems from global carmakers.