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‘Culture of cover-up’ at GM, senator claims

©Getty GM chief executive Mary Barra The chair of a US senate committee investigating General Motors’ botched ignition switch recall on Wednesday accused the company of “a culture of cover-up,”…

Telefónica in internet deal with Tesla

Telefónica will connect all Tesla cars in Europe to the internet, in the latest of a string of deals as telecoms providers muscle in on the fast-growing connected car market.…

Car industry revs up fight to stay in EU

©Getty The British car industry has set out its overwhelming opposition to a UK exit from the EU with a report detailing the potential damage to the £60bn sector. “Europe…

Barra survives ordeal by committee

©Getty GM chief executive Mary Barra Mary Barra, General Motors chief executive, on Tuesday survived the archetypal ordeal of the modern chief executive when she came through a session with…

Spring brings growth for US car sales

©AP Ford Mustang sales were up 21 per cent Sales of new cars sales in the US last month rose year-on-year for the first time since November – in a…

Mexican powerhouse looks to southern ties

©Corbis Auto parts makers in Mexico stand to make large gains from the scrapping of trade barriers ‘Cumulative rules of origin” sounds like one of the drier concepts in international…

GM recalls mount by another 1.3m vehicles

©Getty General Motors on Monday announced a new slew of vehicle recalls and more than doubled its estimate of the costs of recalling faulty vehicles this quarter as Mary Barra,…

Aston Martin talks to Mercedes over SUV

©Rex James Bond’s classic Aston Martin DB5, from the film ‘Goldfinger’ Aston Martin is in talks with Mercedes-Benz over building its first SUV, but the British carmaker’s owners have ruled…

Honda cuts jobs at Swindon plant

©Reuters Falling demand in continental Europe has prompted Japanese automaker Honda to cut production at its Swindon plant by three shifts to two, putting at risk 340 permanent roles. Some…

Volvo increases push into US market

Volvo increases push into US market

Volvo Cars is to double its marketing budget in the US as it seeks to revive its faltering business there and keep a nascent turnround at the Swedish carmaker on…

Week in Review, March 22

A round up of some of the week’s most significant corporate events and news stories. Kerviel’s €4.9bn SocGen repayment struck down in France Just when Société Générale thought it might…

New GM chief passes first public test

©Reuters Mary Barra has won largely rave reviews for her handling of the recall issue There was no doubting the star of this year’s Detroit auto show. On January 12,…

Luxury carmakers: BMW and Daimler

Motor racing is about performance over a given distance. In the battle between Germany’s luxury carmakers, BMW has been a clear winner for investors on the long track. Its shares…

Discounts put squeeze on EU carmakers

©Getty Vauxhall’s parent brand Opel had the highest percentage of non-private sales in big European markets early this year On a warm and sunny March morning that conjures up dreams…

Chancellor in finance pledge to ‘makers’

©Bloomberg Bentley will begin exporting engines from the UK for the first time in its history, the car company said on Wednesday, in a timely announcement made just before the…