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Top News & Analysis Detroit

  • DETROIT, Jan 9- Toyota Motor North America chief executive Jim Lentz said on Monday the Japanese automaker will spend $10 billion in U.S. capital investments over the next five years, matching its investments over the prior five years. The automaker has come under fire from President-elect Donald Trump for announcing in 2015 plans to shift production of its...

  • DETROIT, Jan 9- Ford Motor Co will return to its U.S. model lineup the Bronco, a truck-like SUV, and the midsize pickup truck Ranger, the company said on Monday at the Detroit auto show. Both new products will be made at the Michigan Assembly Plant outside Detroit, where the Focus compact sedan is made. Ford had previously said the Focus would be made at a plant in Mexico.

  • DETROIT, Jan 9- The arrest of Volkswagen executive Oliver Schmidt caught the company's management by surprise, sales chief Juergen Stackmann said on Monday. Volkswagen executive Schmidt, who headed the company's U.S. regulatory compliance office in the U.S. from 2014 to March 2015, was arrested on Saturday in Florida on charges of conspiracy to defraud the...

  • Jan 8- Global automakers will kick off 2017 by displaying a wide array of future vehicles at the North American International Auto Show in Detroit. This year, luxury sedans and small sport utility vehicles will jostle for the spotlight along with electric cars and diesel-powered pickup trucks. Here are some of the notable vehicle debuts expected at the Detroit...

  • *Expected to be brought before court in Detroit on Monday- NYT. Jan 9- The Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday. "Volkswagen continues to cooperate with the Department of Justice as we work to resolve remaining matters in the United States.

  • The Detroit pick-up and SUV show?

    Stephanie Brinley at IHS Automotive says that even though pickup and SUV sales are strong, sedans still make up a significant part of the market.

  • DETROIT, Jan 8- Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to develop and install the company's autonomous driving...

  • Jan 8- Global automakers will kick off 2017 by displaying a wide array of future vehicles at the North American International Auto Show in Detroit. Here are some of the notable vehicle debuts expected at the Detroit show, which opens to the public on Saturday, January 14. Toyota Motor Corp debuted the first Lexus LS 400 sedan in Detroit at the 1989 auto show.

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • WASHINGTON, Jan 6- Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker's diesel cheating while it won long-awaited approval from the Environmental Protection Agency to fix about 70,000 diesel vehicles, crucial steps toward moving past a scandal that has cost it billions of dollars...

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • On Thursday he took on Toyota, warning the world's largest automaker that it would face a "big border tax" if it exported Mexico- built cars to the U.S. market. Nissan built its first overseas plant in Mexico in 50 years ago and now produces more than 800,000 cars there, mainly its entry-level Versa and Sentra sedans. Nissan's production dwarfs that of Toyota, Honda...

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...

  • President-elect Donald Trump targeted Toyota Motor Corp on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico. It was Trump's latest broadside against automakers building cars in Mexico and first against a foreign automaker. The president-elect's attacks on...

  • *Move cuts efficiency of shared Mexico plant- sources. PARIS, Jan 5- Nissan is halting joint development of luxury cars with Daimler's Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. The move could reduce efficiency at a...

  • LAS VEGAS, Jan 4- Ford Motor Co is expanding the use of Amazon.com Inc's Alexa personal assistant in its vehicles to allow drivers to talk to their cars- demanding anything from a nearby cheeseburger to a weather forecast- marking a leap by the Detroit automaker to incorporate a technology initially targeted for home use. The expanding alliance between Ford and...

  • DETROIT, Jan 4- U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. Autodata Corp said 2016 U.S. auto sales of 17.55 million were 0.4 percent higher than the previous record set in 2015..

  • DETROIT, Jan 4- U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. Shares of General Motors Co rose 5.5 percent and Ford Motor Co 4.6 percent, far outpacing the wider Dow Jones Industrial...

  • *CEO Mueller to miss Jan. 9-10 Detroit show. BERLIN, Jan 4- Volkswagen chief executive Matthias Mueller will miss the Detroit auto show next week, the German carmaker said on Wednesday, amid uncertainty over its chances of settling a U.S. criminal investigation into its emissions scandal. The CEO's comments came before Mueller's first meeting with U.S. regulators...

  • DETROIT, Jan 4- Sales of new cars and trucks in the United States likely set new records for December and the full year, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and stable fuel prices bolstered the industry's outlook. The F-series was the best-selling model line in the United States last year, for the...