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Business - Foreign carmakers to keep price edge as Ford faces higher labor costs

By Bernie Woodall DETROIT (Reuters) - Foreign automakers with plants in the United States will be able to offer lower vehicle prices as Ford Motor Co faces continued higher labor costs under a new four-year contract with its U.S. union workers. The labor cost gap of $8 to $10 per hour will allow automakers such as Toyota Motor Corp, Honda Motor Co, Nissan Motors Co and Hyundai Motor Co to offer more attractive options while keeping vehicle prices competitive with the Detroit Three automakers, or charge less for their vehicles.

Monday, November 30, 2015  17:00


Business - `Top Gear` returns in May 2016 without Clarkson

While Clarkson, May and Hammond develop a new motoring show for Amazon, the BBC is working on its biggest Top Gear reboot in years. Presenter Chris Evans (no, not Captain America) is taking over Clarkson`s ...

Monday, November 30, 2015  14:35


Business - Amazon and Jeremy Clarkson hint at the future of delivery drones

Former Top Gear co-host Jeremy Clarkson isn`t just working on a new motoring show for Amazon... he`s helping the internet giant pitch its vision for delivery drones, too. Amazon has unveiled a splashy ...

Sunday, November 29, 2015  21:08


Business - Toyota to replace Takata airbag inflators previously deemed safe

Toyota Motor Corp on Wednesday said it would replace Takata Corp airbag inflators in 1.6 million cars in Japan that had previously been recalled after concluding that they may still be unsafe. The decision was prompted after a passenger in a Nissan Motor Co vehicle was injured this year when an airbag ruptured, despite the inflator having been checked in an earlier inspection. Nissan this month reissued recalls for around 310,000 vehicles in Japan due to the incident.

Wednesday, November 25, 2015  09:02


Business - Translogic 189: 2015 LA Auto Show

Tranlsogic host Jonathon Buckely gets all the details on BMW`s 330e plug-in hybrid, Honda`s latest FCX Clarity hydrogen fuel cell car, the Elio Motors updated, three-wheel P5 concept, and Volvo`s Concept ...

Thursday, November 26, 2015  15:49


Business - GM, law firm can keep ignition switch documents secret: U.S. judge

By Jonathan Stempel NEW YORK (Reuters) - General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge ruled on Wednesday. Despite finding `probable cause` to believe GM committed a crime or fraud by hiding the defect from regulators and the public, U.S. District Judge Jesse Furman found no showing that the automaker and King & Spalding produced the documents with an intent to further such misconduct. Vehicle owners said the deception justified a waiver of attorney-client privilege.

Wednesday, November 25, 2015  19:18


Business - Samsung to supply EV batteries to Chinese automaker

Global energy company Samsung SDI will begin shipment of high performance, circular battery cells to JAC Motors next year, as it seeks to maintain its leadership in China`s growing electric vehicle market.

Wednesday, November 25, 2015  03:21


World - New leader may not mean new climate policies, despite Australian solar success

By Matt Siegel and Byron Kaye SYDNEY (Reuters) - Soaring electricity prices, high solar panel uptake and plenty of sunshine are pushing Australia to the forefront of a solar battery storage revolution driven by Silicon Valley firms like Tesla Motors Inc and Enphase. Prime Minister Malcolm Turnbull will face intense scrutiny at the upcoming global climate change summit in Paris for signs of a shift from the man he replaced in a September party coup, climate sceptic Tony Abbott.

Tuesday, November 24, 2015  22:33


World - Sponsor`s fury over Evergrande football kit switch

The car company that sponsors the shirts of Asia`s newly crowned football champions has launched legal action against the club for changing their kit for Saturday`s AFC Champions League final, the firm said. Chinese-Japanese joint venture Dongfeng Nissan paid more than 100 million yuan ($16 million) for the season-long rights to Guangzhou Evergrande Taobao`s apparel, according to China`s official news agency Xinhua. Dongfeng Nissan, a partnership between China`s Dongfeng Motors and Nissan of Japan, which itself has an alliance with French firm Renault, issued a furious denunciation.

Tuesday, November 24, 2015  08:35


Business - Ford says to incur $600 million expense in 2015 from U.S. union pact

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company`s previously stated expectations for 2015, according to a statement issued by Ford. Most of the $600 million expense are tied to a ratification bonus for the company`s nearly 53,000 UAW members.

Monday, November 30, 2015  13:58

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