Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.
News
18 Sep, 2014
As many as 325 jobs could be lost at Lotus, thanks to cost-cutting measures at the British firm
This is what happens when auto engineers at a technical centre need (a) a team building project and (b) a workshop hack truck.
The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy and Program as a valid way to avoid discrimination, at a CFPB hearing today in Indianapolis into...
General Motors will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said today.
News
18 Sep, 2014
Engineers at Nissan's Arizona-based Technical Centre develop Leaf and Navara-based EV pick-up, called the Sparky
Fiat will locate its new global headquarters in St James's Street in London's West End, opting for the most expensive office district in the world.
Apollo Tyres plans to start production at a new EUR475m greenfield plant in Hungary by 2017.
AB Volvo reportedly plans to group all of its independent operations in India "under one umbrella".
News
18 Sep, 2014
Heavily disguised Mercedes-Benz E-Class spied testing for the first time, ahead of its launch in 2016
Toyota Motor's Indian unit is planning to expand in rural India to boost sales of slow selling compact models, following rivals Maruti Suzuki and Hyundai Motor which do well outside major cities.
Honda Cars India (HCIL) is considering launching an SUV.
Mercedes is using a cloud-computing setup to protect data generated by vehicles as the industry moves toward driverless cars. Automakers are looking for ways to stop hackers from gaining information or even hijacking vehicles by remote control.
American supplier association, OESA, says a positive spin-off to emerge from the catastrophic downturn of a few years ago, is a better understanding of the component industry by Washington.
Honeywell Turbo Technologies has opened its new turbocharger plant in Wuhan, tripling capacity in China where turbo adoption in new vehicles is expected to increase "significantly" from 23% now.
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.
The US Consumer Financial Protection Bureau (CFPB) said it plans to oversee larger nonbank auto finance companies for the first time at the federal level after claiming to have uncovered "auto-lending discrimination" at banks.
TRW says it needs its own suppliers to support a global footprint as OEMs increasingly move to worldwide platform production.
SsangYong will preview two subcompact SUV concepts in Paris next month, ahead of the launch of a production model, the X100, next year. SsangYong is the latest automaker to join the fast-growing small SUV segment.