Struggling French carmaker PSA Peugeot Citroen says a former executive at rival Renault will lead the company when its current chairman steps down. The company said Monday that Carlos Tavares, who was Renault's chief operating officer, will join PSA's managing board in January. He will replace the current board chairman, Philippe Varin, at some point next year.
Chrysler said Monday that its shares will be sold on the New York Stock Exchange when they're listed, but potential investors shouldn't expect that until next year.Italian automaker Fiat SpA, Chrysler's majority owner, said earlier Monday that Chrysler's board has determined an initial public offering is "not practicable" in 2013.
The 43rd Tokyo Motor Show opened to the public Saturday, with leading automakers showcasing next-generation fuel-cell cars and self-driving vehicles. A total of 426 passenger and commercial cars as well as two-wheelers are on display at Tokyo Big Sight through Dec. 1.
The Obama administration said Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy. Hybrid Technology LLC, the California car marker's new owner, said it plans to keep Fisker operating after it emerges from bankruptcy.
Chief executive Elon Musk said the fires, which occurred when metal road debris pierced the underbody of the cars at highway speeds, are extreme cases. He doesn't expect a recall and said his engineers are not working on any fixes for the battery-powered cars.
More places to "refuel" would diminish worries of getting stranded with a dead battery, and widespread adoption of the cars would help the state meet ambitious air quality goals. Instead of Californians plugging in, however, progress has been plugged up: 110 of the 1,040 stations that NRG committed to installing by early December are ready.
Canadian engineers are on the verge of creating a car with more than 60 percent of parts made on a 3D printer. They tried to make the vehicle as small as possible, and as low to the ground as they could, for an aerodynamic advantage. Its electric powertrain can be recharged in about six hours from a regular wall socket.
Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday. The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
Ford Motor Co. says it will spend $150 million to upgrade its Buffalo-are plant and add 350 jobs, which would push employment to just under 1,000. The automaker has a stamping plant in the suburb of Hamburg, where pieces of metal called blanks are stamped into hoods, floor panels and other car parts.
Honda's line of Accords won the 2014 "Green Car of the Year" award from an auto industry magazine Thursday at the Los Angeles Auto Show. In recent years, Green Car Journal honored cars whose selling points were emerging technologies including natural gas, electric and clean diesel.
It was a bumpy start. Quality issues delayed sales of the new Lincoln MKZ sedan last spring. Then, over the summer, the government cut its fuel mileage estimates for Ford's C-Max hybrid. Ford had to send checks to unhappy owners who had complained that the C-Max wasn't meeting its advertised numbers.
The 81-year-old maker of the humble silver trailer is collaborating with German automaker Mercedes-Benz on a new luxury motor home. The Airstream Interstate, which went on sale earlier this month, made its first public appearance Tuesday at the Los Angeles Auto Show.
Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced today. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.
An Israeli energy startup has taken over the remains of Israel's trailblazing — and now bankrupt — electric car venture. Ran Eloya, founder and CEO of Gnrgy Ltd., said Thursday his company bought the remaining assets of Better Place for less than $450,000, a fraction of its $2 billion valuation less than two years ago.
The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the company's storied history. The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell the shares by Dec. 31, as long as the price holds up.
The investment isn't intended to increase the facility's production capacity, but it expected to increase the plant's efficiency, Scott Hudson, process engineering manager at Hyundai Motor Manufacturing Alabama, told the Montgomery Advertiser. The plant manufactures the automaker's Elantra and Sonata models, and has broken its monthly production records three times in 2013.
Kia Motors Corp. is recalling nearly 80,000 minivans in the U.S. because a suspension part can break and cause drivers to lose control of the vehicles. The recall affects Sedona minivans from 2006 through 2012. They were sold or registered in 20 states and Washington, D.C., where salt is used to clear roads in the winter.
Cars that run on hydrogen and exhaust only water vapor are emerging to challenge electric vehicles as the world's transportation of the future. At auto shows on two continents Wednesday, three automakers unveiled hydrogen fuel cell vehicles to be delivered to the general public as early as next spring.
The new guidelines stress that NHTSA doesn't give crash-test ratings higher than five stars. The agency says automakers who claim ratings higher than that are misleading the public. Companies that don't follow the guidelines could see "buyer alert" warnings from the government. They could also be kicked out of the ratings program or be referred to other agencies for further, unspecified action.
Consumers shrugged off the 16-day partial government shutdown and spent more on autos, clothing and furniture in October, boosting U.S. retail sales by the most in four months.Sales rose 0.4 percent, up from a flat reading in September, the Commerce Department said Wednesday.
Federal regulators say they will require that new tour buses and buses that carry passengers on scheduled routes between cities be equipped with seat belts. It's a safety measure sought by accident investigators for nearly a half century.
Ford will reveal an all-new version of its Mustang sports car on Dec. 5. This will be the sixth generation of the iconic pony car, which saw its last full redesign in 2005. The Mustang will debut in six cities on four continents.
Satoshi Ogiso, the Toyota Motor Corp. executive in charge of fuel cells, said Wednesday the vehicle is not just for leasing to officials and celebrities but will be an everyday car for ordinary consumers, widely available at dealers.
Ford Motor Co. will inspect 386,000 large sedans in the U.S. to make sure they don't have a steering problem that caused a recall in August. The National Highway Traffic Safety Administration says Ford will check 2005 through 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car vehicles that weren't included in the August recall.
The manager of the Chrysler assembly plant in Toledo says the facility will build more than a half-million Jeeps next year — making it one of the highest-volume assembly plants in North America. That's according to plant manager Zach Leroux, who spoke to a rotary club in Toledo Monday.