Automotive Business Review

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NHTSA's botched airbag recall leaves car owners in dark

23 oct. 2014 - 23:12
NHTSA botched its effort to inform the public about a potentially lethal airbag defect, directing 8 million consumers to an inoperable website and leaving millions of others unsure as to whether their cars were even at risk.

Toyota sells some Tesla shares, report says

23 oct. 2014 - 22:53
Toyota has sold some of its shares in Tesla Motors, the Nikkei financial newspaper reported.

GM Financial faces government, state probes over subprime loans, securities

23 oct. 2014 - 22:49
GM Financial disclosed Thursday it is being investigated by 'state attorneys general and other governmental offices' in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities.

Toyota's ad agency will join move to Texas

23 oct. 2014 - 22:30
Toyota's Los Angeles-based U.S. advertising agency is following its longtime client to Dallas in a bid to prolong their nearly 40-year relationship.

AutoNation signs on to sponsor college bowl game

23 oct. 2014 - 22:16
AutoNation will become title sponsor of a new college football bowl game that will raise money for breast cancer research.

Edmunds.com pulls anti-haggling ads after dealer complaints

23 oct. 2014 - 21:00
Edmunds.com has pulled a YouTube ad campaign that spoofed price haggling but that dealers found offensive.

Dana Q3 net income leaps to $90 million

23 oct. 2014 - 20:52
Powertrain component supplier Dana reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier.

N.Y. taxi owners to fight Nissan's 'Taxi of Tomorrow' in court of appeals

23 oct. 2014 - 20:34
New York taxi fleet operators won permission to challenge the city's $1 billion plan for the "Taxi of Tomorrow," a new fleet of cabs from Nissan, before the state's top court.

GM Financial profits down despite higher volumes

23 oct. 2014 - 20:10
For the second quarter in a row, net income fell slightly for GM Financial despite sharply higher loan and lease originations. The captive finance company today reported net income of $158 million in the third quarter of 2014, down 1.

Wrangler will remain body-on-frame, sources say

23 oct. 2014 - 20:04
The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned.

Wrangler will remain body-on-frame, likely to stay in Toledo, sources say

23 oct. 2014 - 20:04
The next-generation Jeep Wrangler will continue to be a body-on-frame vehicle and won't switch to unibody construction, Automotive News has learned.

Group 1 slows acquisition pace

23 oct. 2014 - 18:03
Put off by high prices for dealerships and unacceptable returns, Group 1 Automotive will slow its acquisition pace in the near term, CEO Earl Hesterberg said today.

Mazda may appeal $10 million accident verdict in Ala.

23 oct. 2014 - 17:47
Mazda said it is considering an appeal of an Alabama jury order to pay $9.9 million to the victims of a 2010 crash that resulted in a fuel-fed fire, injuring the driver and killing the only passenger.

Mazda considers appealing $10 million accident verdict in Ala.

23 oct. 2014 - 17:47
Mazda said it is considering an appeal of an Alabama jury order to pay $9.9 million to the victims of a 2010 crash that resulted in a fuel-fed fire, injuring the driver and killing the only passenger.

Toyota claims 'healthy' supply of replacement airbags

23 oct. 2014 - 17:26
Toyota has a 'healthy' supply of replacement parts that should allow dealers to move forward with repairs required by the widening recall of airbags made by supplier Takata, said Bob Carter, senior vice president of the automaker's...

Autoliv lowers outlook but may see gains from Takata's woes

23 oct. 2014 - 15:55
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags.

Audi recalls 102,000 A4 cars in U.S. over airbag glitch

23 oct. 2014 - 14:42
Audi is recalling nearly 102,000 A4 sedans in the United States to fix a software glitch that may prevent front airbags from deploying in a crash.

Audi will recall 102,000 A4 cars in U.S. over airbag software glitch

23 oct. 2014 - 14:42
Audi is recalling nearly 102,000 A4 sedans in the United States to fix a software glitch that may prevent front airbags from deploying in a crash.

Audi will recall 850,000 A4 cars globally over airbag problems

23 oct. 2014 - 14:42
Audi will recall 850,000 A4 models worldwide due to airbag problem that could prevent front airbags from deploying. From the total, Audi said 250,000 cars will be recalled in China and 150,000 in Germany.

GM operating profits fall 14% in Q3 on flat revenue

23 oct. 2014 - 12:45
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent.

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