NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

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Eight automakers said on Friday they are recalling more than 12 million US vehicles for defective Takata air bag inflators widening the largestever auto safety effort to more passengerside devices Honda Motor Co 7267T is recalling 45 million US vehicles while Fiat Chrysler Automobiles NV FCHAMIFCAUN is recalling 43 million according to the documents The new recall is focused on passengerside air bag inflators while prior recalls were for all frontal inflators Takata declared 14 million inflato.. More information...

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Volkswagen is considering building a multibillioneuro battery factory as part of a major expansion of its electriccar portfolio company sources told the Handelsblatt a leading German daily The factory will allow Volkswagen to operate independently of Asian firms like Panasonic LG and Samsung that have dominated the battery market to date the newspaper added The company39s executive board looks to be in favour of approving the plan which is also supported in principle by the works council and t.. More information...

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The US Virgin Islands sued Takata Corp 7312T and Honda Motor Co 7267T late on Wednesday over the sale of millions of recalled airbags linked to deadly ruptures The US territory joins Hawaii which earlier this month sued Takata and Honda the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries The Virgin Islands suit seeking civil and other penalties claims the companies committed fraud used unfair trade practices and were negligent in allowing the use of the u.. More information...

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Japan39s transport ministry said on Friday automakers will recall about an additional 7 million cars equipped with Takata Corp 7312T air bag inflators without a drying agent by March 2019 bringing the total recalled in the country to 196 million cars Japan39s latest announcement may further ramp up Takata39s potential recall costs if the air bag maker is found to be responsible for the defective inflators The company is in bailout talks with a number of potential investors including private eq.. More information...

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Italian luxury carmaker Maserati will recall 19970 vehicles in China over a defect in rear wheels authorities said on Wednesday The affected vehicles include imported Maserati Quattroporte and Ghibli models manufactured between March 22 2013 and October 29 last year the General Administration of Quality Supervision Inspection and Quarantine said The recall is set to begin June 13 staterun Xinhua news agency reported A defective design of the rear wheels may result in positioning failure and l.. More information...

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Ford Motor Co said it was recalling about 271000 F150 pickup trucks in North America to replace their brake master cylinders The company said on Wednesday it was aware of nine possible accidents with no injuries and one alleged injury not associated with an accident fordto25lDEx4 Ford said it was possible that the leak of brake fluid from the cylinder could increase the risk of a crash The company said on Wednesday the recall involved vehicles of model years 2013 and 2014 The affected vehicl.. More information...

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Fiat Chrysler Automobiles has not made any agreement with China39s Guangzhou Automobile Group GAC to sell a stake the Italian carmaker39s chairman John Elkann said on Wednesday Fiat Chrysler already has a partnership with GAC that enables it to manufacture in China Earlier this month an Italian newspaper said GAC was considering making an offer for a majority stake in Fiat Asked also if French carmaker Peugeot PEUPPA could make a good partner Elkann said Fiat was looking for a transformational.. More information...

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Volkswagen AG has made substantial progress toward reaching a final settlement next month with car owners and the US government over the German automaker39s cheating on diesel emissions tests a federal judge said on Tuesday But major issues remain including how much the world39s No 2 automaker may have to pay in fines which could run in the billions of dollars to federal and state regulators for violating US clean air rules as well as an ongoing US Justice Department criminal probe US District.. More information...

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Japanese automaker Toyota Motor Corp said Wednesday that it will build a second factory in Malaysia as part of expansion to meet rising local demand The new 2 billion ringgit 488 million plant will be built by Toyota and its local partner UMW Corp Toyota said that the plant to be built in the central state of Selangor will have an initial capacity of around 50000 units a year The plant is expected to begin operations in early 2019 and will help double Toyota39s production volume in Malaysia to.. More information...

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Three investor groups called on Monday for a new independent investigation into Volkswagen39s VOWGpDE emissions testrigging scandal saying the inquiries launched by the German carmaker so far may not be farreaching or transparent enough German investors39 association DSW and Deminor a Brusselsbased firm which represents investors including the city of New York pension fund said shareholders should be allowed to vote on launching such an investigation at Volkswagen39s VW annual general meeting A.. More information...