BorgWarner said today it agreed to buy Remy for about $950 million to help compete in the fast-growing market for electric and hybrid vehicles. The deal's total enterprise value is $1.2 billion.
Bosch sees the rapid growth of automated driving systems earning it 1 billion euros ($1.1 billion) in annual sales by 2016, Dirk Hoheisel, a senior company executive, said.
Bosch expects the rapid growth of automated driving assistance systems to earn the supplier 1 billion euros ($1.1 billion) in annual sales by 2016.
ArcelorMittal, the world's biggest steelmaker, plans to use waste gases from its steel operations to produce low-carbon fuel for vehicles.
Hyundai Motor Group expects 'tepid growth' for global auto sales in the second half of this year because of economic uncertainties and a weak won.
Volvo's IT boss says the automaker's commitment to safety includes the promise to protect its customers from having their vehicles hacked.
Odor Doctors has a three-step, vehicle odor-busting process, owner Frank Simmons says.
Nissan moved last week to give U.S. dealers more of one of its hottest selling products by tapping Japan for 100,000 more Rogues a year, starting next year.
Honda's new CEO, aiming to reboot the ailing automaker, plans to rekindle development of more exciting cars, steer clear of numerical targets and maximize use of the company's overseas production to soak up global overcapacity.
To sell its premium image, GMC is exploring Instagram, the popular photo and video app. The haven for creative imagery was purchased by Facebook in 2012. It has 300 million active users.
Honda's CR-V, the industry's best-selling crossover, is on track to outsell Honda's perennial volume leader -- the Accord.
Now that TI Automotive has a new owner - Bain Capital - company CEO Bill Kozyra says he has the money and shareholder support to make acquisitions.
Lotus Cars will add a roadster version of the Evora 400 six months after it launches the coupe in the U.S. in December this year, its CEO said.
It seems fitting that Ferdinand Piech and legendary designer Giorgetto Giugiaro would retire in the same year. The two men are already linked in automotive history.
Consumers no longer must choose between the fuel economy and comfortable ride of a sedan and the versatility and increased visibility of a crossover or SUV.
Holes in the national federal vehicle title database let title-washed cars slip though. Only 44 of 50 states participate in the national system.
Light-vehicle stocks drifted upward in June, a month in which U.S. sales rose 3.9 percent.
Kia has set a new goal for itself: to reach No. 1 on the J.D. Power Initial Quality Study. It hopes that doing so will turn around consumers' perception of the brand's quality.
Mike Sullivan's Santa Monica, Calif., dealership is one of the first eight in the country chosen by Toyota to sell its groundbreaking Mirai hydrogen fuel cell sedan. Such an important launch means he'll need to do things a little differently.
The number of minority-owned dealerships in the U.S. declined in 2014, a tally by the nation's largest minority dealers association shows.
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