DETROIT, Dec 19- FCA US, the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles. The FCA total for Takata Corp- related recalls is now 3,672,770, including affected passenger-side airbags. The number of vehicles recalled...» Read More
Billionaire Carl Icahn's sweetened $3 billion buyout offer for auto parts maker Lear has gained little traction among top advisory firms or shareholders ahead of a scheduled vote next week.
Forget the ads touting which full size pick-up has more hauling capacity, or which one can stop just before going over the edge of a cliff, or even which truck makes you feel more American, rural, or cowboy. None of that matters. Here's what talks with truck buyers: cash. The more the better. And right now, pick-up buyers are picking up deals that have them sitting in the catbird seat. In fact, GM is doubling the cash back it's offering people who buy a new Chevy Silverado or GMC Sierra. That's an extra $1,000 on top of 0% financing.
Billionaire investor Carl Icahn's American Real Estate Partners raised its takeover offer for Lear to about $3 billion after shareholders balked at a previous buyout proposal, but the auto parts maker's second biggest shareholder remained unconvinced.
Is it a sign that we truly are in an iPhone world or a bleak reminder to automakers that it's tougher than ever for them to impress younger car buyers? Either way, the research is fascinating. The latest data from CNW marketing shows that younger consumers (ages 16-29) rank tech gadgets like the iPod/iPhone, gaming systems, and computers as more important than a new car when it comes to impressing friends.
Private equity firm Carlyle Group said Monday it would buy aircraft and auto parts maker Sequa for $2 billion.
General Motors sales outgrew the broader European car market in the first half as a surge in demand for its Korean-built Chevrolet brand cars offset a hefty decline in Saab sales, the automaker said on Monday.
Workers at struggling auto parts giant Delphi's largest union have approved a historic contract agreement that cuts wages for many longtime workers but secures thousands of jobs at plants that once were in jeopardy.
Dana said Friday it has reached deals with the United Steelworkers and United Auto Workers on more than $100 million per year in cost cuts the car and truck parts maker needs to exit bankruptcy.
Automaker BMW said Friday that sales in the first six months of the year rose by 4.5%.
Peugeot said its first-half sales were unchanged compared with the year-earlier period at 1.764 billion units, while its market share in Western Europe rose by 0.2% to 14.2%.
Shares in Fiat fell 0.3% Thursday as investors reacted to the launch of the new Cinquencento, an entry-level car revamped for the 50th anniversary of the original model.
Mark it down. It was this Tuesday, July 3rd--on the eve of America celebrating its independence--when one of the Big 3 made the first deal to have an American brand car built in China and sold here in the U.S. The deal is between Chrysler and Chinese automaker Chery Automotive. Chrysler CEO Tom Lasorda signed the agreement with Chery's CEO in Beijing and heralded it as a "win/win deal". Chery wins because it's collaboration with Chrysler will help that company learn the ropes of what it will take to ultimately sell Chery vehicles in the U.S.
Chrysler Group signed a deal Wednesday with China's biggest automaker, Chery, to produce cars for export to the United States and elsewhere in the first attempt by a major automaker to use China as a manufacturing base for world markets.
GM, Ford and DaimlerChrysler said Tuesday their U.S. sales fell in June, while Toyota sold more cars during the month. The news came as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
DaimlerChrysler said Tuesday its U.S. sales fell 2 percent in June. The news came even as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
On the eve of our country's birthday, it seems like a perfect time to celebrate the good things happening for American automakers (and yes, there are good things happening). So with that said, this 4th of July Behind the Wheel blog will include no mention of high labor and healthcare costs, dwindling market share, or the struggle to break even. After all this is the holiday to sing out, "Baseball, hot dogs, apple pie, and Chevrolet."
Private U.S. equity firm Cerberus won approval from the European Commission on Tuesday to buy the Chrysler operations of auto giant DaimlerChrysler, under a simplified procedure.
Unionized workers at Kia Motors, South Korea's No. 2 auto maker, said on Tuesday they plan to stage work stoppages over wage disputes.
Bankrupt U.S. auto parts maker Delphi, which reached a cost-cutting deal with the United Auto Workers, hopes to complete agreements with its remaining unions by mid-August, it said in court papers.
The headline this morning from Automotive News is hardly surprising, but it is another reminder of how the U.S. auto industry has changed dramatically in recent years. The latest data shows Japan surpassed the U.S. last year to become the world's #1 vehicle producer. It's the first time in 12 years Japan has outpaced the U.S. Not only that, but the Asian country is on track this year to expand its lead.