Lawmakers seek tougher auto safety standards U.S. auto regulators would be required to establish minimum standards to prevent unintended acceleration and carmakers would pay substantially higher fines for withholding safety information from the government, according to draft legislation.
Visteon seeks to block competing reorganization plans Bankrupt auto-parts maker Visteon Corp. asked a court to prevent competing plans of reorganization from being proposed during what it says may be final talks with creditors, according to a court filing.
Reuter named Nissan communications director David Reuter has been named director of corporate communications for Nissan North America Inc., responsible for corporate, manufacturing, crisis and strategic communications. He takes over May 10.
Toyota quality panel won't be and#8216;window dressing,' Slater says Toyota Motor Corp.'s head of outside advisers on quality said the panel will have autonomy to examine U.S. operations and won't be and#8220;window dressingand#8221; as the automaker copes with record recalls.
Denso returns to annual profit on cost cuts as sales slip Denso Corp. swung into the black despite lower sales in the fiscal year that ended March 31, using cost cutting to rebound from losses the prior year in its home Japanese market.
NADA leader declines to testify for Chrysler in arbitration hearing The vice chairman of the National Automobile Dealers Association said today that he refused an invitation from Chrysler Group to testify in arbitration against a rejected Utah dealer who was his neighbor and competitor.
GM properly used escrow to repay U.S. loans, Treasury says General Motors Co., which repaid $4.7 billion in U.S. loans last week, properly used escrowed cash for the payment, a Treasury Department official said in responding to complaints from a Republican senator.
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Lithia Q1 profit beats expectations as Chrysler business declines Lithia Motors Inc., the ninth-largest U.S auto dealership group by new-vehicle sales in 2009, posted a quarterly profit on Tuesday that beat Wall Street estimates, boosted by higher sales of used cars.
Continental makes Q1 profit; sales may beat forecast Continental returned to a profit in the first quarter after eliminating jobs and delivering more components, and said full-year sales growth may beat its forecast.
Tesla gears up for Model S; plant announcement due soon Tesla Motors Inc. expects to announce in the next several weeks that it has chosen a plant to produce its electric vehicles, CEO Elon Musk told Automotive News yesterday.
Toyota to recall Sequoia SUVs to repair stability control units Toyota Motor Corp., which recalled Lexus GX sport-utility vehicles this month because stability controls failed to engage fast enough, is recalling Sequoia SUVs to adjust a control system that drivers say is too aggressive.
Federal-Mogul Q1 profit of $15 million beats forecast Auto parts maker Federal-Mogul Corp. posted a higher-than-expected quarterly profit today, propelled by savings from its restructuring last year and the recovery in auto production volumes.
Senator predicts passage of dealer FandI amendment Sen. Sam Brownback, R-Kan., predicted Senate passage of an amendment he was filing to exempt dealer-assisted financing from oversight by a proposed consumer-protection agency.
Honda forecasts higher profit on N. America sales recovery Honda forecast profit will rise 27 percent this fiscal year as auto demand recovers in North America, its largest market. Honda may boost net income to 340 billion yen ($3.6 billion) in the period ending March 31 from 268.
Sonic Q1 results better than year ago but less than Wall St. expected Sonic Automotive, the third-largest U.S dealership group, today posted a quarterly profit that fell short of Wall Street estimates but beat year-ago results. First-quarter net income totaled $4.15 million or 8 cents per share.
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LImit NHTSA hires?; Green car competition; Solving fuel cell puzzle
Treasury defends GM; Chevy headed to Korea; Cars with connections
