Tag Archives: million

Visteon invests $5 million into American Center for Mobility

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by Damian Morys Photography Visteon is sponsoring the American Center for Mobility in Michigan at a founder level with a $ 5 million investment, becoming the first tier-one supplier to do so. … Automotive News Breaking News Feed

BMW recalling 1 million vehicles in North America

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by Singing With Light BMW said it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries. … Automotive News Breaking News Feed

Tesla posts record $671 million loss in Q3

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by Sherlock77 (James) Tesla posted a $ 671 million loss for the third quarter – dropping from a $ 22 million net profit a year earlier – as the electric-vehicle maker continued to struggle producing the mass-market Model 3. … Automotive News Breaking News Feed

Ford says recall of F-150, Super Duty pickups to cost $267 million in Q4

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by madopal Ford recalled 1.3 million 2015-17 F-150 pickups and 2017 Super Duty pickups to fix faulty side door latches. The action will cost the automaker $ 267 million in the fourth quarter. … Automotive News Breaking News Feed

Kia ordered to pay $374 million in back pay to Korean workers

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by Dave Adams Automotive Images A South Korean court ruled against Kia Motors and ordered the company to pay $ 374 million in unpaid wages. … Automotive News Breaking News Feed

Nissan agrees to $98 million settlement on Takata economic loss claims

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by Dave Adams Automotive Images Nissan agreed to a $ 97.7 million settlement to resolve class-action consumer economic loss claims in the U.S. tied to the recall of 4.4 million vehicles with Takata airbag inflators. … Automotive News Breaking News Feed