General Motors announced on Wednesday six more safety recalls on 717,950 U.S. vehicles.» Read More
Before Nissan's first self-driving cars go on sale in 2020, it will launch new technologies that supplement the driver behind the wheel.
DETROIT— Kia is recalling nearly 52,000 Soul small SUVs to fix a problem that can cause steering failure. The recall covers vehicles from the 2014 model year built from July 21, 2013, through Jan. 17, 2014. The Korean automaker says a plug that secures a pinion gear to the steering assembly can loosen and cause the gear to separate.
July 18- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.
July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.
*Takata could face more costs if car makers expand air bag recalls. TOKYO, July 18- Takata Corp said on Friday it would book a special loss of around 45 billion yen in the April-June quarter after several car makers recently recalled vehicles due to potential problems with its air bags.
Anna-Marie Baisden, head of autos analysis at Business Monitor International, says Volkswagen is "struggling" in the U.S. but a deal with Fiat could help the company.
DETROIT, July 17- Shares of AutoNation Inc, the largest U.S. auto dealer group, fell as much as 8 percent on Thursday after its earnings missed analysts' expectations. Analyst Joseph Amaturo of the Buckingham Research Group said he was "unimpressed" with AutoNation's results and that the company was not expanding its share of the U.S. new-vehicle market.
WASHINGTON, July 17- General Motors' legal department came under fire in a Senate hearing on Thursday, as lawmakers questioned why the automaker took more than 10 years to recall cars with ignition switch flaws while its lawyers worked on numerous cases involving deaths or injury caused by the malfunctioning switch.
DELPHI AUTOMOTIVE PLC CEO SAYS SWITCH IT MADE FOR GENERAL MOTORS CO MET THE REQUIREMENTS SET BY THE AUTOMAKER.
Utility vehicles accounted for 36.5 percent of the overall American market during the first five months of 2014.
By Andreas Cremer and Agnieszka Flak. BERLIN/ MILAN, July 17- Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda.
July 17- The chief executive of Delphi Automotive, the auto supplier that supplied the defective switch to General Motors Co that has been linked to at least 13 deaths, said on Thursday that the automaker was responsible for approving the faulty part design.
MILAN— Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen.
BERLIN/ MILAN, July 17- Volkswagen and Fiat Chrysler have denied a magazine report saying the two carmakers are in merger talks. Germany's Manager Magazin said on Thursday Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and U.S. carmakers.
This will be the best auto year probably in the last eight or nine years, predicts John Stumpf, Wells Fargo CEO, sharing his expectations on the auto industry. And AutoNation's Mike Jackson, weighs in.
We are in a major investment period in our brand, says Mike Jackson, AutoNation, breaking down his company's second quarter results. Consumers expect a "seamless" experience, says Jackson.
BERLIN/ MOSCOW, July 17- German carmaker Daimler does not plan to increase its stake in Russian truckmaker Kamaz, it said on Thursday, renouncing a long-considered deal amid rising tension between Moscow and the West over Ukraine.
TOKYO— Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
DETROIT, July 17- General Motors Co last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash.
WASHINGTON, July 17- Two more major figures in General Motors Co's safety debacle will appear on Thursday for the first time before U.S. lawmakers investigating why it took the automaker more than 10 years to recall millions of vehicles with a deadly ignition switch flaw.