Automotive Logistics Magazine – Mazda will build a Toyota sub-compact vehicle based on its own Mazda2 platform at the Mexican plant it is currently building in Salamanca, in the central state of Guanajuato, due for completion in 2014. It is the first time that Mazda has built a vehicle for its rival. Mazda said the […]
The Detroit News – Toyota Motor Corp. agreed to pay $25.5 million to settle claims from shareholders who said they were harmed by the Japanese automaker’s recall for unintended acceleration of millions of vehicles in 2009-10, court documents filed Tuesday show.
Fiat’s iconic Ferrari high-performance sports-car brand is not suffering from the European auto industry slowdown, but rather has set sales records through the year’s first nine months, the Italian auto maker says.
Chrysler Group LLC said Friday it is recalling nearly 920,000 Jeep SUVs to fix a faulty electrical part after more than 100 reports of unintended air bag deployments. The Auburn Hills automaker said Friday it is recalling 744,922 SUVs in the United States, including the 2002-04 Jeep Grand Cherokee and 2002-03 Jeep Liberty.
Detroit News – Toyota Motor Corp., Asia’s biggest carmaker, will more than double vehicle production capacity and build a new engine factory in Indonesia to meet rising demand in the Southeast Asian country. The automaker will boost annual capacity at its first Karawang plant to 130,000 units by September 2013 from 110,000 units,
Automotive Supply Chain -Â Cuxport GmbH operates a multi-functional handling terminal at the deep water port of Cuxhaven. In addition to extensive RoRo transshipment operations, Cuxport provides an ideal geographical location for all maritime traffic and the best possible links to inland destinations.
Automotive News – Two days after Ford Motor Co. released second-quarter earnings that showed record North American profits, CEO Alan Mulally and Executive Chairman Bill Ford unveiled a series of changes in the company’s top management.
Automotive News – He wants to boost North American sales 18 percent to 2 million vehicles in the fiscal year ending March 31, 2017. A redesigned Honda Fit small car and new derivatives will account for the biggest increase in U.S. sales. But Ito, 59, says the Acura luxury brand also will rebound.
Automotive News – Three years ago, Hyundai Motor America CEO John Krafcik implored fellow auto executives to boost the industry’s reputation by taking more accountability for their actions and embracing fuel efficiency as a social good.
