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  • Newswire

    Rupiah Down, Japan's Interest in Indonesia Production Up  

    With the weakening rupiah depressing imports, Japanese automakers instead are investing in local production in what has become Southeast Asia's biggest car market....More
  • Newswire

    Hyundai Growth Target Ahead of U.S. Industrywide Rate  

    The Korean automaker looks to increase sales 4.7% this year, helped by the launch of its updated Tucson SUV, compared with the industrywide projection of 2%....More
  • Newswire

    UPDATE 1-GM, Ford to ask UAW for new lower-pay tier in U.S. -Bloomberg  

    (Adds comment from GM) March 23 (Reuters) - U.S. automakers General Motors Co and Ford Motor Co are considering asking the United Auto Workers union to create a new tier of lower-paid union workers in their U.S. factories, Bloomberg reported citing people familiar with the matter. The UAW currently has a two-tier wage system, that includes top-paid $28-an-hour assembly workers and the lower-paid second tier, whose wages top out at $19.28....More
  • Newswire

    Volkswagen Scaling Back Russian Operation  

    The German automaker is cutting back on shifts at its Kaluga car plant and is not renewing the contracts of at least 150 workers, but says it is continuing with construction of an engine plant and parts warehouse....More
  • Newswire

    PSA Says Economic Recovery Brings Profit Goal Closer  

    The French automaker's chief financial officer says a weak euro and falling raw-materials costs could help the company reach its 2018 goal of a 2% profitability margin ahead of schedule....More
  • Newswire

    Honda Hires Engineering Firm to Study Takata Airbag Defect  

    Honda's hiring of the Exponent engineering consultancy is separate from an investigation commissioned by it and nine other automakers to probe the cause of potentially lethal ruptures in Takata airbags....More
  • Newswire

    Car-Seat Maker Graco Hit With $10 Million Fine  

    Following the nation's largest recall of child seats the company, accused of failing to give timely notice of defective buckles, will pay $3 million now and spend $7 million on efforts to improve child safety...More
  • Newswire

    Chinese Media Exposé Prompts JLR Recall of Land Rover SUVs  

    The recall of 36,451 Evoque SUVs from the 2014 and 2015 model years follows a request by a Chinese government watchdog agency and local media reports the luxury automaker used defective gearboxes....More

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