automaker

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Tesla Gets Aggressive to Meet Model 3 Demand

Elon Musk's company raising $1.5B

(Newser) - Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan , its first mass-market electric car. The company said Monday that it planned to offer senior notes due in 2025 and would use the offering's proceeds to further strengthen its balance sheet during rapid...

Toyota's New Joint Venture With Mazda: $1.6B US Factory

The move could create up to 4K jobs

(Newser) - Japanese automakers Toyota and Mazda said Friday they plan to spend $1.6 billion to set up a joint-venture auto manufacturing plant in the US—a move that will create up to 4,000 jobs. The plant will have an annual production capacity of about 300,000 vehicles and will...

Volkswagen Has Been Kicked Out of No. 1 Auto Sales Spot

Renault-Nissan is the new king of the cars

(Newser) - Results are in for the first six months of worldwide car sales, and Volkswagen has been, as CNNMoney notes, "dethroned." The German carmaker came in with about 5,155,600 vehicles sold in the first half of the year, followed by Toyota at 5,129,000. But it...

Volvo's Electric Announcement Is an Industry First

Would be first carmaker to phase out cars powered by combustion engines

(Newser) - The heart of the auto industry keeps expanding outward from Detroit, the BBC notes: first west to Silicon Valley, thanks to Tesla, and now east to China, thanks to a major move from Volvo. The Swedish carmaker, owned by the Chinese firm Geely, is poised to become the world's...

Tesla Is Now the Most Valuable US Automaker

Investors aren't put off by lack of profits

(Newser) - Tesla sent a jolt through the auto industry Monday by becoming the most valuable American automaker, overtaking General Motors, which sold more than 100 times as many cars last year. GM also made a profit of around $9 billion in 2016, while Tesla—which has had only two profitable quarters...

Toyota Not to Blame in Calif. Crash Death: Court

Fellow driver owes $10M in damages

(Newser) - A key case in Toyota's sudden-acceleration saga has been found in the car maker's favor. A jury found that Toyota wasn't to blame in the death of Noriko Uno, 66, who lost control of her 2006 Camry in a 2009 incident, Bloomberg reports. Toyota opponents held that...

Ford Hands Michigan Sliver of Good News

Automaker will hire more than expected this year, with most jobs located in the state

(Newser) - The news cycle has been a rough one for Michigan of late, which makes this announcement from Ford quite welcome. The automaker yesterday said that it would hire 800 more salaried workers than it had expected to in the US this year—and of the 3,000 total jobs, between...

Ford: We'll Add 12K Jobs Over 3 Years

2,350 jobs in 2013 for Michigan alone

(Newser) - Ford announced a three-year, $6.2 billion expansion plan today, which includes adding 12,000 jobs nationally—2,350 of those in Michigan in the next year, reports the Detroit News . A variety of Michigan car and part plants will see a $773 million infusion next year, which aims to...

Toyota Recalls 7.43M Cars
 Toyota Recalls 7.43M Cars 
Oct 10, 2012 8:13 AM CDT

Toyota Recalls 7.43M Cars

Ungreased switches sometimes caused smoke

(Newser) - Toyota Motor Corp. is recalling 7.43 million vehicles in the US, Japan, Europe, and elsewhere for a faulty power-window switch, the latest quality woe for Japan's top automaker. The recall, announced today, affects more than a dozen models produced from 2005 through 2010. The power-window switch on the...

GM to Add 1,500 Tech Jobs
 GM to Add 1,500 Tech Jobs 
Oct 8, 2012 5:25 PM CDT

GM to Add 1,500 Tech Jobs

Automaker has decided to stop outsourcing IT work

(Newser) - General Motors released a bit of positive jobs news today, announcing that it will be hiring 1,500 people for a new software development center in Michigan, as it reverses its longstanding trend of outsourcing its IT work overseas. The Michigan plant will be the second of four planned new...

New Rules for Autos: 54.5 MPG by 2025

EPA finalizes stricter standards for cars and trucks

(Newser) - The Obama administration today finalized a major upgrade to America's fuel economy standards that will force new cars and trucks to average 54.5 miles a gallon by 2025. The final rules rolled out today are essentially the same ones proposed last year , the Detroit News reports, but they...

Bentley Planning $140K SUV

2011 brought company first profit in years

(Newser) - Times may be tough, but the market for the most luxurious of luxury cars is booming at Bentley, and the British-based automaker is ready to capitalize on it. The company is considering building an SUV that would be priced at more than $140,000—and odds are good that the...

New US Fuel Standards: 54.5 MPG by 2025

Obama hails new goal with automakers

(Newser) - Announcing new fuel-efficiency standards, President Obama hailed his administration’s deal with automakers as “the single most important step we’ve ever taken as a nation to reduce our dependence on foreign oil.” With mileage standards almost doubling, Americans will save some $8,000 per vehicle on fuel,...

Toyota 'Arrogance' Prompts Safety Flaws: Report

Panel cites 'complacency' at automaker

(Newser) - Toyota has serious institutional flaws that pose a threat to the safety of its vehicles, finds an independent review out today. The problems stem from a “sense of pride at being number one” that can become “arrogance and foster complacency,” says the report, conducted by a panel...

German Ford Plants Raided in Corruption Probe

Staff homes also searched amid bribe accusations

(Newser) - German authorities raided Ford plants and the homes of Ford employees and suppliers today as part of a corruption investigation, the Wall Street Journal reports. Some 100 police officers took part in the search of more than 30 locations; one person was arrested, a prosecutor said. Ford staff have allegedly...

GM Earns $2B in Q3
 GM Earns $2B in Q3 
Nov 10, 2010 10:33 AM CST

GM Earns $2B in Q3

Biggest quarterly profit in more than a decade

(Newser) - General Motors has reported a $2 billion third-quarter profit, its biggest quarterly report in 11 years. The figure shows that GM doesn’t need to sell big to earn big anymore, writes Nick Bunkley in the New York Times . A week before its initial public offering—which will reduce the...

US Vehicles Edge Out Imports in Quality

Ford highest-ranked carmaker overall, Toyota falls

(Newser) - American automakers scored higher marks on quality than their foreign rivals for the first time since the JD Power survey began in 1986, the Detroit Free Press reports. A dozen Ford models ranked in the top three in their segments, making it the highest-ranked automaker overall. Ford's namesake brand ranked...

Chrysler Launches Massive Recall

Order covers hundreds of thousands of Jeeps, minivans

(Newser) - Chrysler is recalling almost 600,000 minivans and Jeep Wranglers in the US and another 100,000 elsewhere because of brake or wiring problems that could create safety issues, the company and federal regulators said today. The company is recalling 288,968 Jeep Wranglers from the 2006 through 2010 model...

Don't Buy This Lexus: Consumer Reports

GX 460 SUV flips in routine testing, magazine warns

(Newser) - The 2010 Lexus GX 460 SUV is so dangerous that Consumer Reports has given it the rarely used "Don't Buy" designation, the magazine said today. The vehicle, which retails for about $52,000 to $57,000 , responded so badly "when pushed to its limits on a handling course"...

Toyota Fix Fixes Nothing: Drivers

Owners report sudden acceleration even after recall service

(Newser) - Some Toyota owners who should be at ease after recall service to repair sudden acceleration issues are anything but. Seven complaints have been filed with the NHTSA complaining that the problem is still occurring even after the fix. Seven more owners have reported other wackiness following service. There’s “...

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