Newswire

  • Newswire

    GM Korea to expand engine output; move may appease unions a little  

    SEOUL, June 2 (Reuters) - General Motors' South Korean unit plans to expand engine output which will allow for an additional production shift, the unit's union said - a move that may help ease labour tensions a little as the automaker seeks to reduce costs. GM says its labour costs have risen nearly 50 percent over the past five years in South Korea, undermining the competitiveness of its Korean operations but union activists in the past have threatened 'a war' if output is shifted from their plants....More
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    UPDATE 2-S.Korea reports first two deaths from MERS respiratory illness  

    (Adds govt comment, Hyundai urges employees avoid Middle East) SEOUL, June 2 (Reuters) - South Korea on Tuesday reported the first two deaths from an outbreak of Middle East Respiratory Syndrome (MERS) that has affected 25 people in two weeks, as officials scrambled to contain the outbreak. A 58-year-old woman, who had contact with South Korea's first patient, died of acute respiratory failure on Monday, the Health Ministry said. A 71-year-old man who had been on respiratory support with a history of kidney ailments also died....More
  • Newswire

    Hyundai Motor asks employees to avoid Middle East due to MERS scare  

    SEOUL, June 2 (Reuters) - South Korea's Hyundai Motor , the world's fifth-biggest automaker together with affiliate Kia Motors, has asked its employees to refrain from travelling to the Middle East over concerns about Middle East Respiratory Syndrome (MERS), a company spokesman said on Tuesday. South Korea on Tuesday reported the first two deaths from an outbreak of MERS that has affected 25 people in two weeks. (Reporting by Hyunjoo Jin; Editing by Richard Pullin)...More
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    PHILIPPINES PRESS-President Aquino approves auto program - The Standard  

    President Benigno Aquino approved the Comprehensive Automotive Resurgence Strategy that will provide incentives to the local production of vehicles, the Standard reported, citing the Trade Department. The incentives package is expected to attract more than 27 billion pesos ($606 million) in new parts manufacturing investments, locally produce at least 600,000 vehicles and generate a total economic activity estimated to be worth 300 billion pesos over a six-year period. (http://bit.ly/1SRX3wN) ----...More
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    Takata will change design for certain air bag inflators  

    By Paul Lienert June 1 (Reuters) - Takata Corp said on Monday that it will continue producing air bags that use ammonium nitrate propellant, but will change the design of the driver-side air bag inflators. The Japanese supplier is at the center of a global recall of tens of millions of cars for potentially deadly air bag inflators that could deploy with too much force and spray metal fragments inside vehicles....More
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    UPDATE 1-U.S. safety regulator NHTSA needs more money -NHTSA administrator  

    (Adds additional comments from Rosekind's planned statement, details) DETROIT, June 1 (Reuters) - The administrator of the National Highway Traffic Safety Administration will tell a U.S. congressional subcommittee that his agency needs more money to help keep motorists safe, according to prepared remarks released on Monday....More
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    CANADA STOCKS-TSX higher as motley gainers cancel energy drag  

    (Adds analyst's comments, updates prices to close) * TSX ends up 60.04 points, or 0.40 percent, at 15,074.13 * Eight of the TSX's 10 main groups rise By Alastair Sharp TORONTO, June 1 (Reuters) - Canada's main stock index ended higher on Monday, with gains from an auto parts maker, a pharmaceutical company and a dollar store operator helping offset losses from the index's heavyweight energy sector....More
  • Newswire

    U.S. safety regulator NHTSA needs more money -NHTSA administrator  

    DETROIT, June 1 (Reuters) - The administrator of the National Highway Traffic Safety Administration will tell a U.S. congressional subcommittee that his agency needs more money to help keep motorists safe, according to prepared remarks released on Monday. Mark Rosekind, administrator of NHTSA, will be one of the witnesses on Tuesday at a subcommittee hearing on the safety of Takata Corp air bag parts. About 34 million vehicles equipped with Takata air bag parts have been recalled in the United States....More
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    UPDATE 1-Canada to propose auto recall law  

    (Updates with additional comments from transport minister and opposition parties. Removes references to news release.) OTTAWA, June 1 (Reuters) - Canada's federal government will introduce legislation this week that would make it possible to force manufacturers to recall defective vehicles, Transport Minister Lisa Raitt said Monday. Under Canadian law, manufacturers must notify consumers of defects, but actual repairs are voluntary. In practice, manufacturers do typically pay for repairs....More
  • Newswire

    Canada to propose auto recall law  

    OTTAWA, June 1 (Reuters) - Canada's federal government will introduce legislation this week that would make it possible to force manufacturers to recall defective vehicles, Transport Canada said in a release on Monday. Under Canadian law, manufacturers must notify consumers of defects, but actual repairs are voluntary. In practice, manufacturers do typically pay for repairs. "While manufacturers and importers actively issue recalls, the decision cannot rest exclusively in industry's hands," said Transport Minister Lisa Raitt in the release....More
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