Ford to scrap $1.6 billion plant in Mexico as Trump targets General Motors
Ford has said it will cancel plans for a new plant in Mexico and instead expand a facility in the US.
Latest in Tag: automaker Highlight
Latest in Tag: automaker
Nissan to face charges over emissions?
South Korea has said it wants Japanese carmaker Nissan to face criminal charges for allegedly falsifying emissions data on a popular sports utility vehicle. The automaker itself insisted the accusations were unfounded.
Mercedes sales jump 13 percent
The popular German automaker said it sold 170,625 vehicles in May, more than it moved one month ago. With the rise, Mercedes has kept up a momentum that has been building since the beginning of the year.
Toyota profits surge on weak yen
The world’s top automaker was able to log higher net profits in the first half of its fiscal year even as car sales declined in most regions. A weak yen has made Toyota more competitive abroad. Toyota said Thursday its net profit had risen nearly 12 percent to 1.258 trillion yen (9.47 billion euros) in …
Daimler raises money to keep refugees warm
German automaker Daimler has donated more than 600,000 euros ($667,000) to help the German Red Cross find suitable housing for the hundreds of thousands of refugees who have poured into the country before winter sets in. The company said Friday that employees across Germany had chipped in 300,666 euros during a month-long donation drive and …
Toyota recalls 6.5 million vehicles worldwide over power window glitch
Japan’s automaker has announced another mass recall, in a move that could further damage the company’s image. Toyota had already recalled millions of vehicles over an airbag defect. Toyota, the world’s largest car company, announced on Wednesday it was recalling 6.5 millions vehicles around the world after discovering a problem with the power windows. Around …
Germany orders mass recall of VW cars
Germany’s transport authority will order Volkswagen to recall 2.4 million diesel vehicles that have been outfitted with software designed to cheat on emissions tests. The recalls will be mandatory. German regulator KBA, the country’s automotive watchdog, said Thursday it would not sign off on a plan by Europe’s largest automaker to remove deceptive software from …
VW CEO Winterkorn likely to stay until end of 2018
Directors at Germany’s Volkswagen have thrown their weight behind extending the contract of CEO Martin Winterkorn. They said he should not leave the post before the end of 2018, hoping for more successful years. German carmaker Volkswagen said Wednesday that key members of its supervisory board hoped to extend the contract of CEO Martin Winterkorn …