Finance

America Axle Posts Fourth-Quarter, Full-Year Losses

February 15, 2019 at 5:22 PM

American Axle & Manufacturing Holdings Inc. swung to a $362 million net loss in the final quarter of 2018, as revenue dipped 2% to $1.7 billion.

Top-End 2020 Explorer Stickers at $60,000+

February 15, 2019 at 4:53 PM

Ford Motor Co. is raising the price across all trim levels for its redesigned Explorer SUV.

Economics

China, U.S. to Continue Trade Talks Next Week

February 15, 2019 at 3:52 PM

U.S. and Chinese trade negotiators ended intensive talks in China today far apart on key issues. But both remain cautiously optimistic about more progress next week.

EV-Hybrid

Ferrari Affirms Plans for Electrified Models

February 15, 2019 at 1:52 PM

Ferrari NV says it is on track to launch a hybrid-powered supercar early next year and add an all-electric model by about 2022.

Production

Report: Quality Issues Plague JLR in China

February 15, 2019 at 11:22 AM

Jaguar Land Rover Ltd.’s sagging sales in China are rooted in chronic and accelerating quality control issues, says Automotive News Europe.

People

Kumho Tire Names New CEO

February 15, 2019 at 11:16 AM

Kumho Tire Co. has promoted Jeon Dae-jin to president and CEO of the struggling South Korean company.

New Product

Land Rover Drops Plans for Specialty Models

February 15, 2019 at 10:31 AM

Amid slumping profits and unit sales, Jaguar Land Rover Ltd.’s Land Rover unit has canceled plans for two high-end niche models.

Finance

Rivian Lands $700 Million in New Funding Led by Amazon

February 15, 2019 at 10:09 AM

Rivian Automotive LLC has attracted $700 million in new equity investment led by Amazon.com Inc.

Tech

Autoliv Utah Facility Produces 1 Billionth Airbag Inflator

February 15, 2019 at 8:51 AM

Autoliv Inc.’s Brigham City, Utah, facility this week produced its one billionth airbag inflator since the facility was opened in 1989.

Regulatory

Honda Recalls 437,000 Vehicles for Fuel Pump Failures

February 15, 2019 at 3:05 AM

Honda Motor Co. plans to call back about 437,000 of its sedans and crossover vehicles in the U.S. to fix fuel pumps that could fail during hot-weather operation.

Sales

January Car Sales Fall 5% in Europe

February 15, 2019 at 2:50 AM

Deliveries of new passenger cars skidded 5% to 1.23 million units across Europe last month, as demand dropped in the region’s top five markets.

Mobility

Report: VW Closer to Investing in Ford’s Autonomous Vehicle Unit

February 15, 2019 at 2:29 AM

Ford Motor Co. and Volkswagen AG are nearing a possible plan to partner on the development of self-driving cars that may include a VW investment in Ford’s Argo AI startup, sources tell Bloomberg News.