Toyota recalls 52,000 Avalons to fix potential wiring fire hazard

Toyota Motor Sales USA said it plans to recall about 52,000 Avalon sedans from the 2011-12 model years for wiring that could cause a fire.

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Autoliv sees 2015 growth, better margins as Q4 beats forecast

Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.

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Ford's 2014 profit fell 56 percent amid new-product blitz

Ford today said its profit fell 56 percent in 2014 as it introduced 24 vehicles around the world and its US market share declined. Ford posted net income of $3.2 billion, down from $7.2 billion in 2013.

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GM denies request by U.S. senators to extend ignition-switch claims deadline

General Motors today denied a request from two US senators to extend the Saturday deadline for victims of the company's defective ignition switch to apply for compensation.

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Bentley names industry veteran Winkler to head Americas unit

Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley's global organization.

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Gentex Q4 sales gains lag forecasts; stock drops

Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent.

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GM asked by U.S. senators to extend ignition-switch claims deadline

Two US senators today urged General Motors CEO Mary Barra to extend the Saturday deadline for victims of the company's defective ignition switch to apply for compensation.

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