A Japanese auto supplier executive was charged today in federal court with price fixing and bid rigging for speed-sensor wire assemblies his company sold to Toyota for vehicles made in the United States and elsewhere.
Category Archives: Motoring News
Volkswagen CEO Martin Winterkorn says Europe should close 10 factories
Volkswagen CEO Martin Winterkorn said the European auto industry needs to close around 10 factories to reduce overcapacity caused by the region’s slumping market.
NHTSA investigates electric Ford Focus
The American government is investigating allegations that the electric version of the Ford Focus can stall without warning.
Volkswagen CFO Poetsch says modular vehicle production will soar by 2016
Volkswagen expects production of vehicles based on its new MQB modular assembly architecture to soar in the next few years, Chief Financial Officer Hans Dieter Poetsch told a German newspaper.
Daimler has a new problem
Daimler said it’s having trouble meeting orders for its Mercedes-Benz brand as all-time-high August sales put premium-car manufacturers on course for record full-year deliveries.
