Daily Archives: October 31, 2014

NHTSA to Takata: Give us faulty air-bag documents

NHTSA to Takata: Give us faulty air-bag documents

By Ben Klayman and Paul Lienert

U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp <7312.T> to provide documents and answer questions under oath related to the government’s ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

by Ben Klayman

Chrysler Group said on Thursday that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems.

Fiat Chrysler to issue $2.5 billion bond

Fiat Chrysler Automobiles said on Wednesday it would issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its €48 billion ($61 billion) investment plan.

record Audi, Porsche sales drive VW Q3 profit higher

Martin Winterkorn -  record Audi, Porsche sales drive VW Q3 profit higher

Volkswagen Group posted higher-than-expected operating profit in the third quarter, boosted by strong demand for Audi and Porsche models in Europe and China.

improving demand in Europe lifts Renault sales

2014 Dacia Logan - improving demand in Europe lifts Renault sales

Renault reported a 7 percent increase in revenue in the third quarter, boosted by higher demand for budget Dacia models in its home region.