WILMINGTON, Del. (Reuters) – A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp (TKTDQ.PK) air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S. plaintiffs’ attorney told Reuters. The agreement clears the way for the sale of Takata’s… Continue reading Automakers to provide up to $130 million for Takata’s U.S. settlement
Tag: Honda
UPDATE 1-Ford expands ‘Do Not Drive’ warning to 33,000 more pickup trucks
WASHINGTON (Reuters) – Ford Motor Co (F.N) on Monday warned an additional 33,000 owners of older pickup trucks in North America to stop driving them until potentially defective Takata Corp (TKTDQ.PK) air bag inflators can be repaired. Ford told 2,900 owners of 2006 model year Ford Ranger trucks in January to stop driving immediately after… Continue reading UPDATE 1-Ford expands ‘Do Not Drive’ warning to 33,000 more pickup trucks
Michael Jeffery buys Stirling of Hereford’s Suzuki dealership
Michael Jeffery, which trades as Ponthir Suzuki and Honda has bought Porch 2005’s Suzuki dealership trading as Stirling of Hereford for an undisclosed sum. This is its third Suzuki dealership. The group already represents the brand in Abergavenny and Caerleon in Newport. The company also represents Honda at the Caerleon site. Up until summer 2017,… Continue reading Michael Jeffery buys Stirling of Hereford’s Suzuki dealership
Stirling of Hereford acquired by Ponthir Suzuki and Honda
Stirling of Hereford has been acquired by Ponthir Suzuki and Honda following Motorline earlier acquisition of the group’s Hyundai dealership.
“The brand is able to attract new customers”
On the occasion of the test of the new Civic Diesel, which will be in showrooms next March, Pierre Guignot, the director of the automotive division of Honda France, takes stock of its activity and the future of it. JA. Before discussing your ambitions for 2018, could you draw a quick report of the year… Continue reading “The brand is able to attract new customers”
2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
Air pollution concerns have really brought the need for clean cars to the fore. Now that combustion-engined vehicles have a ‘Sell By’ date of 2040, there is much greater focus on practical and viable alternatives and the question of scale is surfacing. What are the 34 million cars in the UK alone going to be… Continue reading 2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
DM Keith adds Honda to portfolio with Westgate Motor Company acquisition
DM Keith has acquired Grimsby’s Westgate Motor Group in a move which sees the group expand the size of its portfolio to ten franchised dealership sites.
General Motors asks to avoid Takata airbag recalls for 3rd time
CLOSE Beleaguered Japanese air bag supplier Takata filed for Chapter 11 bankruptcy Sunday night in U.S. bankruptcy court in Delaware and is widely expected to also file for bankruptcy in Japan. Detroit Free Press staff New airbag inflators are installed on the Takata service recall of a 2005 Honda Accord LX at Suburban Honda in… Continue reading General Motors asks to avoid Takata airbag recalls for 3rd time
GM posts strong 2017 despite losses
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses
GM reports $3.9 billion loss for 2017
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017