Nexen Tire has been granted approval by the European Commission (EC) to receive regional investment aid totalling almost EUR117m (US$128m) for the construction of a production plant in Zatec, Czech Republic.
Lamborghini has put on hold a production plug-in hybrid Asterion coupe in favor of bringing the Urus SUV to market in 2018, a magazine reported, citing the automaker's CEO Stephan Winkelmann.
Mitsubishi Motors reportedly plans to end car production in the US.
Opinion
24 Jul, 2015
The London Motor Show is set to be one of the UK’s great car-related events that's not to be missed, says Mike Rutherford
Faurecia has reported half-year net income almost doubling to EUR157m (US$172m), while total sales rose 12.6% to EUR10.5bn
Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016.
News
24 Jul, 2015
Smart's hot four-door city car is on the way with 50 per cent more power, and our snappers have captured it with minimal disguise
Opel named mechanical engineer Elvira Toelkes as its new head of quality in Europe. Toelkes will be tasked with continuing Opel's drive to improve customer satisfaction. Opel and sister brand Vauxhall had below average scores in J.D.
Infiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.0-liter units used in the A-class compact car, a source said.
PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program.
TrueCar's CEO warned the online car-shopping company will miss its previous guidance on second-quarter earnings, calling the shortfall a 'wake-up call to focus on the business.'
TrueCar CEO Scott Painter told analysts Thursday that the online car-shopping company will miss its previous guidance on second-quarter earnings and said the reasons for the shortfall amounted to a 'wake-up call to focus on the business.'
The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs, the company said Thursday.
The Federal Trade Commission is investigating GM because some of its dealerships advertised certified used vehicles that hadn't received recall-related repairs.
Honda unveiled a midlife update for its midsize Accord on Thursday, a lightly freshened model that will play nice with both Apple CarPlay and Android Auto.
Mitsubishi plans to quit building light vehicles in the U.S., according to Japan's Nikkei news service, which called the move part of a strategic shift to the growing Asian market. Mitsubishi declined to comment.
The partnership between Uber Technologies and Banco Santander SA's U.S. auto loan unit has ended, Uber says, removing one of the country's most prominent car lenders from a program trumpeted by the app-based ride service.
Second-quarter profits at Gentex, a mirror, camera and electronic component supplier, dipped 2.8 percent to $74.5 million compared with the year-earlier period.
As GM and Ford run for the border, investing billions of dollars and creating thousands of jobs in Mexican plants, UAW leaders fume and gain an unlikely ally.
GM Europe's Mokka is one of the most successful B-SUVs in the region, but does that mean that few people are interested in a pricey Corsa? Not at all, with orders for Opel's new OPC and Vauxhall's just-launched VXR soon to cross the 1,500 cars mark.
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