SGL says in talks with many carmakers to supply carbon fibre parts

FRANKFURT - SGL Group , the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said.


Volkswagen on track to reach 2018 margin goal - Wirtschaftswoche 2:04pm GMT

FRANKFURT - German auto maker Volkswagen , which is cutting costs and overhauling its development and production, is on track to reach its goal of a pretax profit of 8 percent of sales by 2018, German weekly Wirtschaftswoche reported on Saturday.


Honda in talks with other suppliers for Takata air bag fix - WSJ 21 Nov 2014

DETROIT - Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.


Ford aluminum F-150 truck raises fuel economy by 5 percent to 29 percent 21 Nov 2014

DETROIT - Ford Motor Co announced that the 2015 F-150 aluminum-intensive pickup truck, the most important model in its lineup, will get 5 percent to 29 percent better fuel economy than its previous versions.


Volkswagen unveils multi-billion auto investments through next five years 21 Nov 2014

FRANKFURT - Volkswagen AG is to invest 85.6 billion euros (68 billion pounds) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.


Toyota Lexus to recall some 2006-2011 models due to fuel leak 21 Nov 2014

DETROIT - Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

Volkswagen seeks savings of 10 billion euros - source 21 Nov 2014

FRANKFURT - Volkswagen Group is seeking cost savings of around 10 billion euros (7.91 billion pounds), a source told Reuters on Friday.


GM shuffles top managers, including high-ranking women 20 Nov 2014

DETROIT - General Motors Co reassigned four senior executives, including two high-ranking women, and announced the departure of another on Thursday.


Arizona is first U.S. state to sue GM over delayed recalls 20 Nov 2014

- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.


Henrik Fisker is back with a souped up Mustang 20 Nov 2014

LOS ANGELES - A year after the government-backed electric car company bearing his name filed for bankruptcy, Henrik Fisker is back.