The jury found Toyota Motor Corp. liable Thursday for a fatal crash and awarded $1.5 million compensation to Jean Bookout, the driver injured in the crash, and $1.5 million to the family of Barbara Schwarz, who died. The jury also decided that Toyota acted with "reckless disregard" for the rights of others.
Truck maker AB Volvo says its earnings dipped on lower sales in the third quarter and that it will slash 2,000 jobs as part of a cost-cutting program. Volvo's net profit was 1.38 billion kronor ($217 million), down from 1.40 billion kronor in the third quarter of 2012.
PSA Peugeot Citroen workers marched and waved banners to protest the closure of a historic Citroen plant as the factory's last car came off the assembly line Friday.Opened in 1973, the Aulnay-sous-Bois plant is being shut down next year as the money-losing car maker seeks to cut costs.
U.S. auto safety regulators have decided not to open a formal investigation into the Oct. 2 fire that damaged a Tesla electric car near Seattle. The National Highway Traffic Safety Administration said Thursday there's no indication at this time that the fire was caused by a safety defect or that there was any violation of federal vehicle safety standards.
Michigan factory that makes lithium-ion batteries for General Motors Co. plans to resume commercial production on Monday after halting production because of a controversy over a chemical. LG Chem halted production in September after saying a chemical used to make batteries may not have been registered with the U.S. Environmental Protection Agency.
Alan Mulally, the man who has led Ford Motor Co.'s turnaround from near financial ruin, would not say Thursday if he has talked to Microsoft about the CEO job at the software giant. "We don't comment on the speculation," Mulally said in response to a question from The Associated Press on the company's third-quarter earnings conference call.
German automaker Daimler AG saw net profit rise 53 percent in the third quarter thanks to a stronger performance from its Mercedes-Benz luxury brand, which benefited from demand for its small cars.The company said Thursday that net income rose to 1.90 billion euros ($2.6 billion) from 1.24 billion euros in the same period a year ago.
The governors of eight states including California and New York pledged Thursday to work together to create charging stations and other fueling infrastructure needed to get 3.3 million zero-emission vehicles on those states' roadways by 2025 to curb greenhouse gas pollution.
Volvo Car Group has today announced that an advanced research project, conducted in partnership with Flanders’ Drive, has ended in results that using inductive charging for electric vehicles has “a promising future.” The company appears confident that with more regulatory insight, there is a good possibility that future electric vehicles will only need to be parked in the customer’s garage, for example, to be charged automatically.
Hyundai Motor Co. said Thursday it expects to manufacture 4.7 million vehicles this year, exceeding its target despite strikes that disrupted its South Korean production. The company had aimed to make 4.66 million vehicles this year.
A name makes all the difference in the fight between Ford and Toyota over who has the top-selling car in the world. Ford on Wednesday claimed that crown for its Focus compact during the first half of the year, based on registration data gathered by the R.L. Polk & Co. research firm.
The city of Detroit will present a "mountain of evidence" to show that its perilous finances qualify for a turnaround in bankruptcy court, an attorney said Wednesday as a judge opened an extraordinary trial to determine if the largest public filing in U.S. history will go forward.
For 2014, the pleasantly styled Enclave sport utility vehicle with standard, three rows of seats adds enhanced audio and more safety features — front collision alert and lane departure warning. With a premium feel and a not-too-premium price, and with a record of average reliability, the Enclave is a recommended buy of Consumer Reports magazine.
Suzuki is recalling 210,228 motorcycles in the U.S. because the front brakes might not work properly. The recall involves GSX-R600 and GSX-R750 motorcycles from the 2004 through 2013 model years and GSX-R1000 motorcycles from the 2005 through 2013 model years.
Nissan Motor Co. is recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash. The recall covers some Nissan Pathfinders from the 2013 and 2014 model years, as well as the 2013 Infiniti JX35 and its successor model, the 2014 QX60.
Peugeot Citroen said it was putting a planned joint development of vehicle platforms with GM under review, and that as a result, the $1 billion in savings that Peugeot Citroen had counted on from the alliance "may be readjusted downwards."
They do such a good job, in fact, that a new study says self-driving cars and trucks hold the potential to transform driving by eliminating the majority of traffic deaths, significantly reducing congestion and providing tens of billions of dollars in economic benefits.
After more than a decade as the world's favorite car color, silver is falling in popularity to white. PPG Industries, the leading supplier of automotive paints, says 25 percent of the vehicles it supplied in the 2013 model year were white. Silver and black tied for second, with 18 percent each.
The Center for Automotive Research in Ann Arbor is getting nearly $1.5 million as part of new federal grants aimed at boosting business investment. The U.S. Department of Commerce on Tuesday announced $20.5 million in Make it in America Challenge funding, including money for the center.
Chrysler has begun shipping the long-awaited Jeep Cherokee small crossover SUV to dealerships. Distribution of the Cherokees had been delayed while the company tinkered with the new nine-speed automatic transmissions to make them shift more smoothly.
Penske was one of 55 companies to receive this distinction, representing the best environmental performers of SmartWay’s 3000-plus Partners. Companies were honored today at the Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference in Denver.
Private vehicles will be allowed to operate only on alternating days, depending on the last number of their license plates. Factory emissions will be cut 30 percent by suspending or limiting production, and construction sites must halt excavation and demolition work.
The German state of Lower Saxony's 20 percent stake in the Wolfsburg-based automaker gives it the right to block corporate decisions — a lower threshold than the 25 percent blocking minority for all other German public companies. But the court ruled the law still meets the relevant European requirements.
Carlisle, which makes construction materials, parts for vehicles and aircraft, wires and cables, equipment for the food industry and other products, said in July that it was exploring strategic options for the unit and hired SunTrust Robinson CTP to help with the process.
The automaker said the recall covers cars from the 2009 through 2012 model years. Hyundai sold about 69,000 Genesis models, and about 60 percent of them already been repaired through a company service campaign that began in March, a spokesman said.