Great Wall Motor, China’s biggest manufacturer of SUVs, said it will terminate plans for a 12 billion yuan ($1.84 billion) share sale after its stock slumped below the designated offer price.
Read More »Green cars featured at New York show amid cheap gasoline
Automakers revealed an assortment of fuel-efficient electric and hybrid models at the New York auto show, demonstrating their efforts to meet regulatory demands even as U.S. consumers snap up SUVs and pickups amid relatively cheap gasoline.
Read More »March forecast calls for one of the strongest U.S. sales months ever
March is on pace to be one of the strongest months ever for the U.S. auto industry, with sales expected to rise at least 7 percent from a year ago, according to three forecasts. The forecasts call for industry volume of about 1.
Read More »Autoliv comes out on top after Takata's airbag mess
When the deadly problems with Takata airbag inflators sent the world’s major automakers searching for a new supplier, they didn’t have to look far.
Read More »Porsche's 20-year plan is a gamble on efficiency, starting with the Macan
Porsche introduced three model upgrades — the 911R, 718 Boxster and an efficient four-cylinder Macan — along with its new president of North America, Klaus Zellmer.
Read More »FCA seeks dismissal of Ill. dealer suit alleging inflated sales
Fiat Chrysler fired back today against Illinois dealerships that filed a civil racketeering lawsuit alleging FCA paid dealers to improperly inflate sales, saying the allegations are ‘baseless’ and an attempt to ‘publicly…
Read More »Toyota Boshoku plans Silicon Valley outpost for driver control randd
Japanese supplier Toyota Boshoku will open a new office in Silicon Valley next month to serve as an randd base for automated driving and cockpits for future vehicles.
Read More »BMW gets 5-month extensions on Takata airbag fixes
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Read More »Honda and Takata conducted stealth airbag fix in 2009, report says
In 2009, after ruptured airbag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to inquiries from Reuters.
Read More »UAW membership rises 1.3 percent in 2015
Membership in the UAW rose by nearly 5,200 workers in 2015 to 408,639 — the sixth straight year of small gains for the American union. The union said in a filing with the U.S. Labor Department that membership rose 1.3 percent last year.
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