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Canadian Union Approves an Agreement with Fiat Chrysler
Canadian manufacturing workers at Fiat Chrysler Automobiles fcau voted on Sunday to approve a tentative labor agreement with the automaker, their union said, averting a strike and clearing the way for...
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How Honda Is Looking to Capitalize on Soaring Sales in China
Honda Motor plans to build a new factory in China that will produce passenger cars from 2019, boosting its output capacity in the country by about a fifth, two people familiar with the matter said on...
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Nissan’s Carlos Ghosn Said to Be Named Mitsubishi Motors Chairman
Nissan Motor nsany plans to appoint Chief Executive Carlos Ghosn as chairman of Mitsubishi Motors mmtof when Nissan takes a controlling stake in the smaller automaker struggling to recover from a...
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VW Challenges Audi with a New China-Only Model
Volkswagen will launch a top-end sedan in China on Friday that will compete directly with sister brand Audi and is aimed at buyers looking for luxurious yet less-flashy cars amid a nationwide crackdown...
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VW Labor Leaders Deny Report that It Agreed on Cost-Cutting Deal
Volkswagen labor leaders said on Wednesday they had not yet struck a deal with management on cost cuts at the core autos division, denying an earlier report by Manager Magazin. “Constructive talks are...
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Nissan Completes Takeover of Mitsubishi Motors, Keeping Its Embattled Chief
Nissan Motor said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors, and would be retaining the embattled automaker’s chief executive to ensure its recovery from a...
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Takata’s Faulty Air Bag Is Now Linked to 11 Deaths in the U.S.
U.S. safety regulators confirmed late Thursday an 11th death in the United States caused by a ruptured Takata air bag inflator, the latest fatality tied to the largest ever auto safety recall. At least...
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Here’s What’s Helping Daimler Offset a Slump in Trucks
Daimler‘s third-quarter operating profit rose 23% as higher earnings from passenger cars offset falling demand for trucks, helping the group to keep to its forecast for higher annual profit. Earnings...
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Volvo Expects a Slower 2017
Swedish truckmaker Volvo forecast lower heavy-duty truck markets on both sides of the Atlantic next year after reporting a surprise rise in profitability in the third quarter despite a slide in sales....
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Why Toyota Is Recalling 5.8 Million Cars Worldwide
Toyota Motor tm on Wednesday said it was recalling about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata tktdy , including those used as replacement parts...
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Hyundai Motor’s Profit Tumbles to a Record Low
Hyundai Motor’s quarterly net profit skidded to its lowest level in more than four years on a protracted strike at home and weakness in emerging markets, and it warned it may miss its sales targets for...
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VW Brand’s Massive Slump in Profit Sparks More Calls for Cost Cuts
Volkswagen said third-quarter operating profit at its core brand plunged more than half, adding weight to management calls for cutbacks at VW’s biggest division. Operating profit at the VW namesake...
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Why the Auto Industry May Need a Different Kind of Venture Capital
The automotive industry is in the midst of transforming itself into the "mobility" industry, a phenomenon I wrote about in a recent Fortune cover story, “Some Assembly Required.” That transformation is...
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Ford Averts a Canadian Strike with More Hurdles Ahead
The union that represents Ford Motor’s Canadian manufacturing workers reached a tentative contract agreement on Tuesday, averting a strike but setting up what may be a difficult campaign to get the...
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Volvo Puts a Fridge in Its Car But Guess What It Takes Out
Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group – a tie-up that’s shaping up to show that China can make a success of...
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Regulator Says Automakers Are Responsible for Takata’s Faulty Airbag Recalls
Automakers have “ultimate responsibility” for the costs of replacing potentially deadly Takata tktdy airbags, no matter what happens to the Japanese supplier, the top U.S. vehicle safety regulator...
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Takata Is Reportedly Weighing Bankruptcy Over Its Giant Air Bag Recall
Japan’s Takata is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter...
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Toyota Sets Its Sights on Long-Range Electric Cars
Toyota Motor tm is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal in...
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Here’s the New Contract Canadian Ford Workers Just Approved
Canadian workers at Ford Motor f voted to approve a new four-year contract with the automaker, the Unifor union said on Sunday, wrapping up months of contract talks. The union said in a release that...
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Why Chinese Car Sales Are Surging Faster Than Expected
China’s auto industry body again adjusted upward its growth forecast for full-year 2016 vehicle sales on Thursday as October sales grew in double digits, with consumers moving to buy cars before a tax...
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