Daimler has opened an randd center in Beijing tasked with further tuning its Mercedes brand to wealthy Chinese tastes and closing the sales gap with Audi and BMW.
Visteon says it has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings, an affiliate of Cerberus Capital Management.
Philippe Wahl, Chairman and Chief Executive Officer of La Poste group (France's public sector mail utility), and Carlos Ghosn, Chairman and Chief Executive Officer of the Renault group, have signed a partnership "to pursue and strengthen their cooperation on the search for eco-mobility solutions".
VW will halt production in Russia again as Western sanctions and the weak Russian ruble keep hurting auto demand. VW is shutting its factory in Kaluga for five working days through Nov. 7.
VW will halt production in Russia again as Western sanctions and the weak Russian ruble keep hurting auto demand. VW is shutting its factory in Kaluga for five working days through Nov. 7.
South Korean steelmaker Posco began operating a new automotive steel mill at its domestic Gwangyang plant last week.
South Korean steelmaker Posco began operating a new automotive steel mill at its domestic Gwangyang plant last week.
Remy International says its third quarter net sales were US$287.5m, an increase of 9% compared to US$262.8m for the same period last year.
Skagen Funds, the biggest holder of Hyundai Motor Co. preferred shares, is pushing the automaker to improve corporate governance after a real estate purchase for three times the property's assessed value sparked a rout in the stock.
Mercedes-Benz has opened ts new Mercedes-Benz Research & Development Centre in Beijing and extended its local R&D network.
Continental has said that it is the supplier of faulty airbags that are the subject of an 850,000-unit global recall by Audi.
The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) has announced that Ferrari will pay a US$3.5m civil penalty and has been ordered to comply with NHTSA oversight requirements as set forth in a Consent Order for failing to submit early warning reports (EWR reports) identifying potential or actual safety issues.
News
3 Nov, 2014
Meet the new supermini-SUV concept car from Mercedes, called the G-Code
Spain's new-car sales rose 26 percent in October as a government subsidy program continued to stimulate demand. The Spanish government extended the subsidy program for the sixth time in June.
Spain's new-car sales rose 26 percent in October as a government subsidy program continued to stimulate demand. The Spanish government extended the subsidy program for the sixth time in June.
Spain's new-car sales rose 26 percent in October -- the country's 14th consecutive month of growth -- as a government subsidy program continued to stimulate demand. The subsidy program was extended for the sixth time in June.
American Axle has unveiled third quarter net income up 54% to US$48.6m, while sales grew 16% to US$951m.
Mercedes' electric B class has Tesla technology under the hood, though Mercedes is not flaunting it. Unlike BMW, which wrapped its i3 in futuristic carbon fiber, Mercedes put an electric motor and battery inside its existing B-class hatchback.
Mercedes-Benz's first mainstream electric car has Tesla technology under the hood, though it's not flaunting it.
Mercedes' electric B class has Tesla technology under the hood, though Mercedes is not flaunting it. Unlike BMW, which wrapped its i3 in futuristic carbon fiber, Mercedes put an electric motor and battery inside its existing B-class hatchback.
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