Quoting two people with knowledge of the email, the Times said it detailed how global carmakers needed to consolidate to save money and suggested a merged GM and Fiat Chrysler would cut billions of dollars in costs and create an automotive giant. Reuters first reported on April 13 that Marchionne, who leads the world's seventh-largest carmaker, was contemplating a super merger, possibly in the United States, to plug his company's weaknesses and cement his legacy before stepping down in early 2019.
WASHINGTON/DETROIT (Reuters) – Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, making it 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 (NHTSA) and Takata said. Regulators linked six deaths worldwide to defective Takata air bags which exploded too violently and shot shrapnel into the vehicles.
Swedish auto safety gear maker Autoliv said on Wednesday it was ready to boost production capacity to meet increased demand as Japanese competitor Takata Corp recalls an additional 17 million airbag inflators. Takata said separately it had doubled a recall of potentially lethal airbags to 34 million vehicles, making it the largest automotive recall in U.S. history. “Exactly what this means for us is a bit early to say, but we are of course ready to increase our capacity and deliver to the industry as quickly as we can as we see an increased need,” Autoliv spokesman Thomas Jonsson told Reuters.
Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker's chief executive told Automotive News. CEO Andy Palmer told the industry publication on Tuesday that the U.S. state of Alabama is the "obvious choice" for a new plant to build the upcoming DBX crossover SUV, but a decision has not been made. Aston Martin is 5 percent owned by German automaker Daimler AG , whose Mercedes brand assembles SUVs at a plant in Alabama.
By Paul Lienert DETROIT (Reuters) – It took Silicon Valley chipmaker Nvidia Corp the better part of a decade to gain acceptance as a global automotive supplier, a lesson for other technology firms hoping to make a similar transition from consumer electronics to car components. Nvidia had a thriving business in supplying powerful graphics processors for video game consoles and laptop computers when representatives of Volkswagen AG asked if it could adapt the same realistic, three-dimensional displays for the dashboards of Audi luxury cars. It took six years for Nvidia to develop the chips to power the 3-D navigation system display that launched on the 2011 Audi A8, the brand’s top-of-the-line sedan, compared with three to four years to develop a new chip for gaming applications. Along the way, Nvidia engineers learned the hard way they could not just pop a chip designed for a laptop or a game console into a car.
A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati said GM assumed the obligation for the payment two years prior to its 2009 bankruptcy but that a subsequent agreement with the union extinguished the company's responsibility. The payment had been part of a 2007 contract between the old GM, bankrupt auto parts maker Delphi Automotive and the UAW. It was not, however, included in a different contract on medical benefits signed in 2009 by the GM that emerged from Chapter 11 bankruptcy.
DETROIT (Reuters) – General Motors Co has cut vehicle prices in China after sales fell last month in the world's largest automotive market. The No. 1 U.S. car maker's joint venture with SAIC Motor Corp set price reductions of as much as 53,900 yuan ($8,681) on 40 models across its Buick, Chevrolet and Cadillac brands, according to a statement on Tuesday on Shanghai GM's website. GM and its Chinese joint ventures saw sales in China slip 0.4 percent last month, as demand in its largest brands all fell. Sales of Wuling, Buick and Chevrolet brands declined 5.1 percent, 8.5 percent and 5. …