Honda engineer debunks own claim about cause of Takata air bag failures

By Joseph White DETROIT, Jun 23 : Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about “the root cause” of Takata Corp air bag failures, but the engineer later said he was mistaken. The engineer’s email was disclosed in a statement […]

Strike at Volkswagen’s Slovak unit to continue after talks fail – union

By Tatiana Jancarikova BRATISLAVA, Jun 22 : A strike at Volkswagen’s Slovak unit will continue into a fourth day after talks on wage deal failed, union chief Zoroslav Smolinsky said today. He did not specify whether or when the talks with the management will resume but added the unions would look into options to intensify […]

North American carmakers want rules of origin untouched-Mexico lobby

By Anthony Esposito and Sharay Angulo MEXICO CITY, May 23 : The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers’ association said on Monday. Under the trade deal between the […]

Four carmakers settle claims over Takata inflators for $553 mln

By David Shepardson WASHINGTON, May 18 : Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, according to court documents filed on Thursday Toyota Motor Corp’s share of the settlement costs is $278.5 million, followed by […]

Reports of large-scale Ford job cuts meet indifference on Wall St

By David Shepardson and Nick Carey WASHINGTON/DETROIT, May 16 : Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields. Fields, whose nearly three years at the helm have been marked by a languishing share price, is […]