Ford Motor Co (F.N) said on Wednesday it is recalling more than 591,000 vehicles in North America for four separate problems, including possible broken bolts that could make steering more difficult.
Automotive
GM expects to fall short of 2017 electric vehicles target
General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity.
Tesla posts wider net loss, stands by full-year delivery target
Tesla Motors Inc (TSLA.O) Wednesday reported a wider first-quarter net loss, but outperformed expectations and stuck to key milestones for the year ahead despite pressure on margins.
Detroit automakers face speed bumps as sales growth slows
Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
U.S. auto sales disappoint in April as Asian automakers miss mark
U.S. auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors (GM.N) and Ford (F.N).
Latest News
Cost cutting and an improving European car market helped Volkswagen (VOWG_p.DE) beat first-quarter profit forecasts, easing the pressure on management following the shock ouster of long-standing chairman Ferdinand Piech.
Detroit automakers have come full circle, relying as they did before the financial crisis on profits from selling trucks and sport utility vehicles in the United States to cover losses overseas.
Ford Motor Co (F.N) reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America.
The premier of the German state of Lower Saxony, which owns 20 percent of Volkswagen (VOWG_p.DE), said the resignation of VW Chairman Ferdinand Piech announced on Saturday was necessary to create clarity about the carmaker's leadership.
Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo's chief said.
German carmaker Volkswagen (VOWG_p.DE) is considering cooperating with China's Great Wall (601633.SS) on a new budget model, Germany's Manager Magazin reported on Wednesday, citing company sources.
Volkswagen (VOWG_p.DE) is exploring the possibility of developing budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said on Sunday.
Toyota Motor Corp (7203.T), the world's largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country.
Volkswagen (VOWG_p.DE) Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters.
