Takata pleads guilty to US fraud charge linked to faulty air bags

By Joseph White DETROIT, Feb 27 : Japan’s Takata Corp on Monday pleaded guilty to a felony charge as part of an expected $1 billion deal with the U.S. Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. After Takata’s guilty plea, a federal judge in Detroit was hearing […]

PSA chief executive to meet UK’s May about Vauxhall takeover

By Laurence Frost and David Milliken PARIS/LONDON, Feb 18 : The chief executive of Peugeot manufacturer PSA Group will meet British Prime Minister Theresa May to discuss his firm’s planned acquisition of General Motors’ Opel and Vauxhall operations, a government spokesman said on Saturday. Both Britain and Germany fear PSA will cut jobs if the […]

US Toyota exec says investments should boost truck, SUV sales in 2017

By Nick Carey CHICAGO, Feb 10 : Investments Japanese automaker Toyota Motor Corp has made to boost its pickup truck and SUV production capacity should help it narrow the gap with the US auto industry average for bigger vehicles increasingly popular with American consumers, a top company executive said on Thursday. Speaking on the sidelines […]

Tesla pausing factory for Model 3 preparation this month

By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO, Feb 9 : Tesla Inc said on Wednesday it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start production in July. Tesla […]

VW launches U.S. electric vehicle infrastructure unit

By David Shepardson WASHINGTON, Feb 8 : Volkswagen Group of America announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle (ZEV) infrastructure and awareness programs over a decade as part of a court settlement on its excess diesel emissions. The world’s largest automaker by sales said the unit plans […]

Ford launches brand to sell auto parts to fix competitors’ vehicles

By Bernie Woodall DETROIT, Jan 24 : – Ford Motor Co, in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors’ vehicles. Omnicraft joins Ford’s established Motorcraft which makes parts for […]