Gentex earnings rise, but fall short of expectations
2012-01-31 16:22:09
Automotive mirror supplier Gentex Corp. posted lower-than-expected fourth-quarter profits because of a drop in overseas shipments, but expects sales to grow 15 percent to 20 percent in the first quarter.
VW to hike Passat output in Tenn., add 200 jobs
2012-01-31 15:50:51
Volkswagen AG plans to boost output of the VW Passat at its new plant in Tennessee by 13 percent and add 200 jobs.
Lexus releases its 1st Super Bowl TV spot
2012-01-31 14:36:31
Lexus today released its first Super Bowl TV commercial, a 30-second spot for the 2013 GS, on Lexus social media channels.
GM to build 0 million stamping plant in Texas
2012-01-31 13:10:08
General Motors said today that it will start construction next week on a 0 million stamping plant in Arlington, Texas, creating about 180 jobs.
Yazaki, Denso execs to take pay cuts due to price-fixing probe
2012-01-31 11:04:56
On top of the of the 8 million in fines issued by the federal Justice Department on Monday, executives from Denso and Yazaki will take temporary pay cuts due to their involvement in global antitrust investigations.
U.S. lawmakers, unions press Obama on China auto parts
2012-01-31 10:31:42
Midwestern lawmakers and union groups today urged President Barack Obama to restrict imports of auto parts from China that they said benefited from massive illegal subsidies and threatened hundreds of thousands of American jobs.
Chrysler's Mopar rolls out four 75th anniversary editions for Chicago
2012-01-31 10:01:15
Chrysler Group's Mopar division today unveiled four custom vehicles that it will display at the Chicago Auto Show next month in honor of the parts brand's 75th anniversary.
Pent-up demand expected to push annualized sales rate to 13.4M
2012-01-31 09:35:27
Light-vehicle sales in January, set for release Wednesday, may have run at a 13.4 million seasonally adjusted annual rate, the average estimate of 14 analysts surveyed by Bloomberg.
Honda slashes annual profit outlook on disasters, yen
2012-01-31 05:07:08
Honda forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters in Japan and Thailand hammered it harder than its rivals while the strong yen delivered an added blow.
Chrysler offers peek at next SRT Viper on Facebook
2012-01-31 00:01:00
Chrysler Group has elevated the art of the striptease to a new level with the release of its first official image of the next-generation SRT Viper.
Honda's 3rd-quarter earnings to take hit by disasters, yen
2012-01-30 17:47:08
Honda is expected to report a double-digit slide in quarterly operating profit on Tuesday and forecast a still larger drop for the full year, as natural disasters in Japan and Thailand hit it harder than rivals.
Domestics gained market share in California last year
2012-01-30 17:38:26
Domestic automakers gained in the California new-vehicle market last year as Japanese automakers suffered disaster-related product shortages.
Denso, Yazaki to plead guilty in supplier bid-rigging case, U.S. says
2012-01-30 13:35:30
Denso and Yazaki, two of Japan's largest auto-parts suppliers, have agreed to plead guilty in a widening multicontinent bid-rigging case, the federal Department of Justice said today.
Dealers want Saab North America placed into Chapter 11 bankruptcy
2012-01-30 12:49:50
A group of 41 Saab dealers in the United States today asked a federal bankruptcy court to place Saab Cars North America into Chapter 11 bankruptcy protection.
Toyota makes return to the Super Bowl
2012-01-30 12:43:11
Toyota , absent from the Super Bowl ad arena for three years -- the company laid low from the event last year as it focused on rebuilding its image and coped with production shortages -- returns this weekend with a pair of 30-second spots that...