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Takata Air Bag Recall Expands to Record 34 Million Vehicles

As part of an agreement with Takata, federal regulators expanded the recall of vehicles equipped with the company’s air bags to 33.8 million in the U.S., making it the largest safety recall in the nation’s history, reports Detroit Free Press. The move essentially doubles the number of vehicles being recalled to replace potentially lethal air ... Read More »

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Ford Executive Indicates Desire for Level Playing Field on Labor Costs

Ford Motor Co’s Americas chief indicated on Wednesday that the No. 2 U.S. automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the union representing its hourly workers, reported Reuters. Joe Hinrichs, speaking at a Bank of ... Read More »

GM Sales Jump 18.3%, Ford Up 15.3%, FCA Up 14% in January

Detroit’s automakers on Tuesday all posted strong sales increases in January compared to a year ago, led by General Motors Co.’s 18.3 percent gain — its best January in seven years, reported The Detroit News. Buyers took advantage of low gas prices, easy access to credit and stable feelings about the economy to buy vehicles, ... Read More »

FCA US Profits Drop in 2014 on One-Time Expenses

DETROIT – FCA US, formerly Chrysler Group, reported Wednesday a drop in net income to $1.2 billion for 2014, compared to a net profit of $2.8 billion in 2013, reported MLive. That came despite a rise of 15 percent in revenue to $83.1 billion. The Auburn Hills-based subsidiary of Fiat Chrysler Automobiles NV said the ... Read More »

Fiat Says Merger into Dutch-Registered FCA Effective October 12

Italian carmaker Fiat said on Tuesday its merger into holding group Fiat Chrysler Automobiles (FCA) would be effective as of Oct. 12 after all conditions for the tie-up were met, reported Reuters. Fiat completed the full buyout of its U.S. unit Chrysler this year and is now incorporating all its businesses under Dutch-registered FCA, paving ... Read More »

Fiat-Chrysler Rebrands as Fiat Chrysler Automobiles