Automakers & Suppliers
 

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014 | UPDATED: 4/23/14 9:58 pm ET - updates earnings forecasts
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday.... Read More »
 

2015 Ford Mustang order guide hints at key options

2:04 pm U.S. ET | April 23, 2014
The 2015 Ford Mustang order guide is now available to U.S. dealers and the options include a lot of familiar stuff such as racing stripes and tech packages.... Read More »

Fields to take Ford wheel at prime stage

12:01 am U.S. ET | April 23, 2014
When Mark Fields took charge of Ford's Americas operations nine years ago, it was a major repair job with record losses and a brush with bankruptcy. Today, Ford's North American operations are the envy of the industry. Now that Fields is poised to succeed Alan Mulally as CEO, he's taking charge of an automaker in its prime.... Read More »

Tesla seeks workers for ex-Chrysler property in Calif.

7:22 am U.S. ET | April 23, 2014
Tesla Motors Inc. has leased an idled parts-distribution center in rural California where it plans to hire engineers and technicians as the maker of luxury electric cars expands operations.... Read More »

Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million

12:01 pm U.S. ET | April 23, 2014
Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today.... Read More »

JCI Q1 profit rises 59% on increase in automotive business

7:57 am U.S. ET | April 23, 2014
Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

GM owners claim bankruptcy fraud to keep recall suits alive

2:33 pm U.S. ET | April 23, 2014
GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”... Read More »

GM splits engineering into 2 divisions with new leaders; Calabrese to retire

10:26 am U.S. ET | April 22, 2014
General Motors is replacing its head of engineering and will divide its vehicle engineering organization into two divisions in a shakeup that the company says will improve quality and safety in the wake of its recall crisis.... Read More »

2014 BEIJING AUTO SHOW

VW mid-sized coupe to challenge Mercedes CLA

12:01 am U.S. ET | April 22, 2014
The Volkswagen NMC -- New Mid-sized Coupe -- concept makes official the carmaker's plans for a style-led sedan to challenge the Mercedes-Benz CLA.... Read More »

GM requests protection in N.Y. court against ignition switch lawsuits

7:04 am U.S. ET | April 22, 2014
GM filed a motion in a federal bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class-action lawsuit that seeks to set aside the restriction.... Read More »

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

GM faces NHTSA probe over '14 Chevy Impala automatic brakes

3:19 pm U.S. ET | April 22, 2014
U.S. regulators are investigating whether a 2014 Chevrolet Impala's automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash.... Read More »

Toyota shifts gears to lift Prius' prospects in China

12:34 pm U.S. ET | April 22, 2014
Toyota's Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.... Read More »

Mulally said to line up board post after Ford

11:04 am U.S. ET | April 22, 2014
Ford CEO Alan Mulally is lining up a substantial corporate position for his next act, probably as a board director or chairman, according to people with knowledge of his plans.... Read More »

Ford will soon name Fields next CEO, replacing Mulally, Bloomberg reports

2:10 pm U.S. ET | April 21, 2014
Ford plans to name Mark Fields its next chief executive and disclose when CEO Alan Mulally will retire from the company, Bloomberg reported, citing two people familiar with the pending announcement.... Read More »

UAW withdraws objection to lost election at VW Chattanooga plant

8:29 am U.S. ET | April 21, 2014
The UAW said today it is withdrawing its objection claiming undue outside political interference in a February vote it lost among workers at the Volkswagen plant in Tennessee.... Read More »

Payout czar set to dive into GM legal mess

12:01 am U.S. ET | April 21, 2014
Kenneth Feinberg soon may begin trying to put a dollar figure on the damage inflicted by the faulty ignition switches in General Motors cars.... Read More »

BMW luxury concept gives a preview of 9-series sedan

12:01 am U.S. ET | April 21, 2014
BMW was set to preview a range-topping 9-series sedan at the Beijing auto show last weekend in the guise of its Vision Future Luxury concept car.... Read More »

SEDAN SHOOTOUT

As Sonata turns cautious, Camry flees good-but-frumpy image

12:01 am U.S. ET | April 21, 2014
Sales of mid-sized sedans may be off 8 percent so far this year, but redesigns from Toyota and Hyundai unveiled at the New York auto show indicate the segment has plenty of fight left in it.... Read More »

109,000 Mazda Tributes recalled for rust-related steering issue

12:32 pm U.S. ET | April 21, 2014
Mazda is recalling 109,000 Tribute compact SUVs in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.... Read More »

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