Jul 29, 2015

Nissan profits beat estimates as deliveries increase in U.S.

Nissan Motor Co. reported profits that beat analyst estimates as deliveries increased in the U.S., its biggest market. Net income rose to ¥152.8 billion ($1.2 billion) in the quarter ended June from ¥112.1 billion a year earlier, Nissan said on Wednesday. That exceeded the ...

Subaru's hometown transformed by foreign workers

Jul 29, 2015

Subaru's hometown transformed by foreign workers

Afghan children studying at a madrassa, Catholic mass in seven languages, workers from over sixty countries. It’s not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It’s here that Subaru’s parent company, Fuji Heavy Industries ...

Mitsubishi Motors to shutter U.S. plant if no buyers found

Jul 27, 2015

Mitsubishi Motors to shutter U.S. plant if no buyers found

Mitsubishi Motors Corp. will stop making vehicles in the United States this year and will close down its plant in Illinois if no buyers are found. The automaker officially announced Monday it will cease producing the Outlander Sport at the Bloomington-Normal plant at the ...

Jul 25, 2015

Fiat Chrysler recalls 1.4 million vehicles to prevent hacking

Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the U.S. just days after two hackers revealed that they took control of a Jeep Cherokee SUV over the Internet. The company also disclosed in government documents that the hackers got ...

Jul 24, 2015

Mitsubishi Motors to end U.S. car production: sources

Mitsubishi Motors Corp. has decided to withdraw from vehicle production in the United States as part of its efforts to focus more on growing Asian markets, sources said Friday. The Tokyo-based automaker plans to sell its plant in Illinois, where the company currently manufactures ...

Japan's automaker association warns of 'downward spiral' in China sales

Jul 23, 2015

Japan's automaker association warns of 'downward spiral' in China sales

China’s vehicle market has shown signs of a “downward spiral” that will eventually hit Japanese carmakers, according to the head of Japan’s auto association. “There’s excessive competition and carmakers are building excessive capacity, and to raise utilization of the plants, they will engage in ...

Jul 18, 2015

Ferrari recalls cars over badly installed Takata air bags

Italian luxury automaker Ferrari is recalling about 800 cars in North America after discovering it had improperly installed Takata air bags, the defective equipment at the center of a worldwide recall. According to the U.S. National Highway Traffic Safety Administration, Ferrari North America is ...

Tesla adds powerful 'Ludicrous Mode' to already-fast Model S

Jul 18, 2015

Tesla adds powerful 'Ludicrous Mode' to already-fast Model S

Tesla Motors is adding a powerful “Ludicrous Mode” to high-performance versions of its Model S electric car. CEO Elon Musk said Friday that the upgrade will cost $10,000 for new buyers of the Model S, whose base price is $70,000. Current Model S owners ...