Month: June 2013

BMW is trailing Mercedes-Benz in luxury vehicle sales so far this year in the United States, but it still exceeded its German counterpart in first-quarter new vehicle registrations.

Making sure vehicles are “built Ford tough” has become too tough on the test drivers whose job involves putting thousands of bone-jarring, teeth-rattling, mind-numbing miles on new models.

Toyota has decided it no longer needs 50 kinds of air bags to protect drivers’ knees. Ten, the company says, ought to suffice.

International Automotive Components Group, backed by billionaire U.S. investor Wilbur Ross, filed with U.S. regulators on Friday to raise up to $115 million in an initial public offering of common stock.

Two of the automakers most closely associated with Detroit expressed support for the city, which announced plans to miss debt payments on Friday, making it the most populous city in the United States to default since Cleveland in 1978.

Underwriters Laboratories, the 119-year-old company that develops product safety tests, is strengthening its lithium-ion battery standards after a string of high-profile battery failures that shed light on the technology’s weak spots.

Chrysler Group, aiming to burnish its credentials with auto enthusiasts, is launching the first nationwide advertising for its SRT performance brand.

AutoNation’s largest shareholder, Edward Lampert, has reduced his stake in the nation’s biggest dealership group to meet client redemptions from his main hedge fund.

Chrysler Group plans to freeze its pension plans for some 8,000 white-collar workers hired in the United States before 2004 by the end of the year.

Nexteer Automotive, the world’s fifth-largest supplier of steering systems, today began launching an initial public stock offering worth up to $325 million in Hong Kong, braving a volatile local stock market and tepid demand for new stock listings…