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  • Newswire

    Continental Aims to More Than Double Rubber, Plastics Sales  

    The German automotive supplier's goal of exceeding €11 billion in sales within the next decade has gotten a kick-start from its pending €1.4 billion purchase of industrial hosing and belting maker Veyance Technologies....More
  • Newswire

    CORRECTED-UPDATE 1-Beijing Auto looking to acquire a brand in Europe and U.S  

    (Corrects Volvo to Swedish from Swiss in 6th para and Saab deal date in 8th para) BEIJING, April 3 (Reuters) - Beijing Automotive Group Co, Daimler AG's Chinese partner, said on Thursday it wants to buy a "mid to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind. The state-owned automaker said last year it was seeking to acquire an European brand, but now the search has extended to the United States, according to Dong Haiyang, who heads Beijing Auto's international expansion....More
  • Newswire

    Feds Revising Advanced-Vehicle Loan Program  

    The Department of Energy says it is clarifying applicant eligibility, improving communication and expediting its review process in its effort to revive a program offering more than $16 billion in funding....More
  • Newswire

    Hyundai Motor Chief Earned $13 million Last Year  

    Chung Mong-koo, a son of the automaker's founder, received 5.6 billion won from Hyundai Motor and 4.2 billion won each from its steel-making unit, Hyundai Steel, and its parts supplier, Hyundai Mobis, Hyundai Motor says in a filing with the stock exchange on Monday....More
  • Newswire

    PSA Looks to Dongfeng Deal to Launch Comeback  

    The state-owned Chinese automaker and the French government each have purchased a 14% stake in struggling PSA, providing it with a cash infusion of €3 billion....More
  • Newswire

    Toyota Case Could Be Template for Future Corporate Prosecutions  

    The $1.2 billion fine assessed against Toyota on wire-fraud charges has led to speculation about how federal prosecutors might apply that law against General Motors in a separate auto-safety case....More
  • Newswire

    Judge OKs Toyota's $1.2 Billion Settlement in Defect-Concealment Case  

    The automaker's settlement was accompanied by a not-guilty plea to a wire-fraud charge and an admission it misled consumers and a U.S. federal regulator about two problems that caused its cars to suddenly accelerate....More
  • Newswire

    CEO Says VW Standing By Russia Growth Plan  

    Martin Winterkorn says potential European Union sanctions against Russia following its absorption of Crimea do not mean the automaker should "scale back" its expansion plans for the country....More
  • Newswire

    Lawsuit Holds Pre-Bankruptcy GM Liable in Ignition Case  

    The so-called new GM is exempt from legal claims stemming from incidents that occurred before July 2009, but the federal lawsuit accuses both it and the pre-bankruptcy GM of concealing the defect that prompted last month's recall of 1.6 million cars....More
  • Newswire

    UPDATE 1-GM recalls another 1.5 million vehicles, to take $300 mln charge  

    By Ben Klayman DETROIT, March 17 (Reuters) - General Motors Co announced three more recalls on Monday, related to airbag deployment and other issues, and said it would take a $300 million charge primarily to cover the costs related to these actions as well as the previous recall for faulty ignition switches....More
  • Newswire

    Automaker Skoda's Dividend Payments Top €200 Million  

    A board member with the Volkswagen subsidiary says the payout represents more than 50% of its after-tax profit....More
  • Newswire

    Consumer Watchdogs Press GM to Compensate Victims in Ignition-Defect Case  

    The heads of the Center for Auto Safety and Public Citizen say in a letter released to the public that CEO Mary Barra should create a $1 billion trust fund to compensate victims of crashes linked to an ignition-switch defect linked to at least 12 deaths....More
  • Newswire

    Porsche Says Reinvestment in Technology, New Models May Cut Profits  

    The Volkswagen-owned sports car maker expects to at least match last year's $3.6 billion operating profit in 2014, but finance chief Lutz Meschke expects higher spending on personnel and emission-reduction technology....More
  • Newswire

    UPDATE 2-BMW aims to sell record 2 million cars this year  

    * BMW Q4 automotive EBIT 1.77 bln euros vs 1.68 bln forecast * Q4 automotive EBIT margin 9.2 pct * Proposes raising dividend to 2.60 per common share * Shares rise as much as 2.8 percent (Adds details on which products, regions drove sales) FRANKFURT, March 13 (Reuters) - BMW aims to sell a record 2 million cars or more this year, the world's largest luxury carmaker said, after posting better-than-expected results and raising its payout to shareholders....More
  • Newswire

    Ukraine Crisis "Burden" on VW's Russian Operations, CFO Says  

    Volkswagen's chief financial officer, Hans-Dieter Poetsch, says currency fluctuations are among the factors affecting the automaker's Russian operations....More
  • Mar 12, 2014

    Warranty Costs the Next Supplier-OE Battleground

    Parts makers currently spend a fraction of what vehicle manufacturers do annually to cover warranties, and automakers are eager to share the pain....More
  • Newswire

    UPDATE 2-VW's Audi says new models, factories to weigh on profit  

    * 2014 op margin within 8-10 pct range vs 10.1 pct in 2013 * 2014 sales to rise above 50 bln euros * May assemble more cars abroad than in Germany for 1st time * Mercedes to shrink sales gap to Audi - IHS (Adds company, analyst comments, details, background, shares) By Andreas Cremer...More
  • Newswire

    South Africa Company Buys Stake in China's Great Wall  

    Super Group, a South African logistics company, now owns a 50.1% stake in Great Wall, Africa's leading automotive exporter....More
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A number of high-volume recalls have followed the GM ignition-switch scandal. What is the No.1 cause of this latest trend? (Log In or Register to vote)

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