• Cars Brands
    The Man Who Revived Nissan & Renault Wants to Save Mitsubishi

    Three years later, Ghosn was sent to revive Renault partner Nissan Motor, which had been unprofitable in seven of the previous eight years and was the most indebted carmaker in the world. By fiscal 2003 it had become the globe’s most profitable major automaker. His revival of Nissan remains one of the industry’s extraordinary success […]

  • Cars Brands
    Takata Surges on Report of KKR Plan to Back up Air Bag Maker

    The shares jumped by 21 percent as of 2 p.m. Thursday. KKR aims to take control of the company and lead a restructuring effort in place of the founding Takada family, the Nikkei reported. Takata said earlier it retained Lazard Ltd. to pursue investment in the company. Representatives for Takata and KKR said they weren’t immediately […]

  • Auto Tech
    Japan Shares Close Little Changed as Crude Oil Rises

    The Topix finished at 1,342.87 in Tokyo, erasing earlier gains of as much as 1.1 percent as about nine shares advanced for every eight that fell. The Nikkei 225 Stock Average climbed less than 0.1 percent to 16,772.46. The yen added 0.4 percent to 109.74 a dollar, while Brent crude traded at the highest level […]

  • Cars Brands
    Actually German Plan to Query Fiat’s Emissions Hits Italian Roadblock

    Fiat Chrysler Automobiles NV has snubbed the German Transport Ministry’s efforts to question the automaker and in doing so won the backing of Italian authorities. The dispute came to a head Thursday when Fiat refused to meet with German Transport Minister Alexander Dobrindt to discuss emissions and his Italian counterpart told Dobrindt to effectively leave […]

  • Auto Tech
    The Longest Recall – Takata

    Like tens of millions of American cars, his is equipped with a potentially deadly Takata air bag, one that won’t be fixed anytime soon because parts aren’t available. The vehicle is parked in his driveway. “I tell my wife and kids the same thing we’re telling everyone else: For all the frustration, make sure you’re […]

  • Automotive News
    Vroom actually Is Elbowing Out the Used-Car Salesman

    It was a reminder that the two-year-old Web startup faces some of the same challenges as a brick-and-mortar retailer. About a year ago, violent storms hit the Houston area. When the floodwaters receded, Vroom, an online seller of used cars, discovered it had lost more than 100 vehicles, equal to about $3 million in sales. […]

  • Auto Tech
    Headlight Maintenance 101 – National Car Care Month

    When is the last time you changed your headlights? Not only does April mark the end of winter, but it’s also National Car Care Month. While many focus on oil changes, brake pads and tire pressure checks, there’s one safety element that’s critical yet often overlooked – vehicle headlight maintenance. April is the perfect time […]

  • Auto Tech
    Takata’s Cash Burns as Air-Bag Maker Searches for a Savior now

    That compares with the company’s market capitalization of about $312 million, which has shrunk by almost 80 percent since the crisis began in April 2013. The auto-parts maker has estimated cash and equivalents may drop another 24 percent to 49.7 billion yen ($456 million) by the end of March 2017 if recalls continue at the current pace, […]

  • Auto Tech
    Actually Takata Puts Worst-Case Airbag Recall Costs at $24 Billion

    The worst-case recall scenario would involve 287.5 million airbag inflators, said the person, who asked not to be identified because the company’s deliberations are private. Takata and the automakers still have to determine how the costs are shared, the person said. Takata Corp., the supplier behind the auto industry’s biggest recall ever, estimated a comprehensive callback […]