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Recall in China Targets Honda Turbo Flaw
8/8/2019Regulators in China say Honda Motor Co. will recall 222,700 Accord sedans in the country to fix a turbocharger problem that can suddenly reduce engine power.
Magna’s Second-Quarter Profits Fall 28%
8/8/2019Magna International Inc. posted a slight decline in revenue and a 28% drop in net income for the second quarter of 2019.
Honda to Move Accord Hybrid Output from Japan to Thailand
8/8/2019Honda Motor Co. reportedly will relocate production of its midsize Accord hybrid sedan from Japan to Thailand late this year because of the latter country’s tax incentives on “green” vehicles.
Alfa Romeo Sales Plummet in Europe
8/8/2019European demand for sporty cars from Fiat Chrysler Automobile NV’s historic Alfa Romeo brand is drying up.
Subaru Extends Use of Facial Recognition Tech
8/8/2019Subaru Corp. is expanding the availability of its DriverFocus facial recognition technology, which debuted last year on the Forester SUV, to more models.
Tesla Defends Safety Claims
8/8/2019Tesla Inc. insists its Model 3 electric car is the safest vehicle ever tested by the National Highway Traffic Safety Administration, a statement challenged by the agency itself.
Mahindra Eyes Former Buick Plant Site in Mich.
8/8/2019India’s Mahindra & Mahindra Ltd. says it might build a manufacturing plant on a 364-acre site in Flint, Mich., that was once part of General Motors Co.’s “Buick City” complex.
Tesla to Raise Prices in China?
8/8/2019Tesla Inc. may raise prices of electric cars it sells in China by an unspecified amount, beginning in September, sources tell Reuters.
Lyft Hikes Outlook as Revenue Jumps
8/8/2019Ride-hailing service Lyft Inc. predicts more revenue and narrower losses for 2019.
Conti Plans Further Cost Cuts as Profits Plunge
8/8/2019Continental AG vows “rigorous cost discipline” after a sharp drop in second-quarter profits.