Correspondent, Detroit
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May 20, 2015

Takata to boost production of replacement air bag inflators

DETROIT (Reuters) – Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards.

On Tuesday, Takata doubled its recall of the defective air bags to nearly 34 million vehicles, making it the largest automotive recall in U.S. history.

May 20, 2015

Takata doubling U.S. recall for defective air bags to 34 million vehicles

WASHINGTON/DETROIT (Reuters) – Japanese air bag manufacturer Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.

The recall involves passenger and driver-side air bag inflators in vehicles made by 11 automakers, the U.S. Department of Transportation, the National Highway Traffic Safety Administration and Takata said. It expands on the 16.6 million vehicles called back for repairs for the same issue in previous regional and national recalls, and boosts the number of vehicles affected globally since 2008 to more than 53 million.

May 19, 2015

Takata to recall 34 mln vehicles in U.S. with defective air bags

WASHINGTON/DETROIT, May 19 (Reuters) – Japanese air bag
manufacturer Takata Corp has agreed to declare nearly
34 million vehicles defective due to problems with air bag
inflators, creating the largest automotive recall in American
history, U.S. safety regulators said on Tuesday.

The recall, which still does not identify the reason why the
problem is occurring, involves passenger and driver-side air
bags in vehicles made by 11 automakers, the U.S. Department of
Transportation and the National Highway Traffic Safety
Administration said. It expands on previous regional and
national recalls for the same issue.

May 11, 2015

Volvo Cars picks South Carolina to supply toughening U.S. market

PARIS/DETROIT (Reuters) – Sweden’s Volvo Cars has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market.

Work will begin this year on the factory in Ridgeville, Berkeley County, with production due to start in 2018 and quickly reach 100,000 vehicles a year.

May 1, 2015

Strong truck demand drives U.S. auto industry toward April increase

DETROIT, May 1 (Reuters) – General Motors Co and Ford
Motor Co both reported stronger-than-expected U.S. auto
sales in April on Friday as robust demand for trucks, and
crossover and sports utility vehicles kept the industry on track
for its best year in almost a decade.

GM sales rose 6 percent, while Ford’s were up 5.4 percent.
Sales at Fiat Chrysler Automobiles and Nissan
Motor Co increased 5.8 percent and 5.7 percent,
respectively, but both results missed expectations.

Apr 30, 2015

GM to invest $5.4 billion in U.S. plants over next three years

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) on Thursday said it will spend $5.4 billion over the next three years on its U.S. manufacturing plants to boost production and vehicle quality.

“The common thread among our investments is the focus on product improvements,” GM North American manufacturing chief Cathy Clegg said in a statement.

Apr 30, 2015

GM to invest $5.4 bln in U.S. plants over next 3 years

DETROIT, April 30 (Reuters) – General Motors Co on
Thursday said it will spend $5.4 billion over the next three
years on its U.S. manufacturing plants to boost production and
vehicle quality.

“The common thread among our investments is the focus on
product improvements,” GM North American manufacturing chief
Cathy Clegg said in a statement.

Apr 29, 2015

GM likely to cease vehicle production in Venezuela in July

April 29 (Reuters) – General Motors Co said it is
likely it will cease vehicle production in Venezuela in July as
the automaker joins other U.S. corporations in taking action to
shield their profits from the South American country’s volatile
currency.

GM has one plant in Venezuela, in Valencia, where it builds
the Chevrolet Aveo and Cruze cars, the Orlando crossover vehicle
and the Silverado pickup truck. The company said it employs
about 3,000 people in the country.

Apr 29, 2015

GM to invest billions of dollars in U.S. plants – source

DETROIT, April 29 (Reuters) – General Motors on
Thursday will announce a multibillion-dollar, multiyear
investments in several U.S. manufacturing plants in a move to
boost production and vehicle quality, a person familiar with the
matter said.

GM has scheduled a press conference at its stamping plant in
Pontiac, Michigan, to make a “major U.S. manufacturing
announcement.” A spokesman declined to provide further details.

Apr 29, 2015

Ford first-quarter profit misses expectations, 2015 profit outlook affirmed

By Bernie Woodall and Ben Klayman

DEARBORN, Mich. (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research) reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America.

The No. 2 U.S. automaker on Tuesday also maintained its full-year forecast of pretax profit between $8.5 billion and $9.5 billion.

    • About Ben

      "Ben Klayman is based in Detroit and in April was named leader of the global automotive team for Reuters. Previously, Ben covered the business of sports as well as consumer and retail for three years and led the manufacturing/housing team for four years. He also covered the telecommunications sector for three years. He joined Reuters in Detroit in 1998 to cover autos. Prior to joining Reuters, he worked at a series of daily newspapers in Ohio and Maryland. Ben graduated from Washington University in St. Louis in 1989 with a bachelor's degree in English literature."
      Joined Reuters:
      1998
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