Toyota said it is investing $1 billion to form a U.S.-based randd company to develop artificial intelligence as an underpinning technology for future vehicles and manufacturing.
TrueCar, the car-shopping website that is undergoing a leadership transition, reported higher third-quarter revenue and a record number of vehicle sales through its digital channels, but still suffered an $11.1 million net loss.
Visteon said today it posted a small but improved profit during the third quarter -- its first quarter as a supplier focused solely on cockpit electronics.
KAR Auction Services Inc., parent company of ADESA, reported third-quarter net income increased 10 percent to $52.3 million on revenue that rose 13 percent to $666.7 million.
GM's China sales rebounded strongly and reached a record monthly high in October after a three-month decline as robust demand for Buick models fueled a 15 percent increase year on year to 327,037 vehicles.
GM's tentative four-year pact with the UAW appears to be on the path to ratification after key union locals at major plants voted in favor of it, according to public postings and media reports over the last few days.
Volkswagen's luxury diesel cars in Europe are fitted with the same software that U.S. regulators say was used to cheat emissions tests in the United States, the carmaker said today.
VW Group's luxury diesel cars in Europe including Audi and Porsche models are fitted with the same software that U.S. regulators say was used to cheat emissions tests in the United States, the automaker said.
Faraday Future, the startup backed by Chinese billionaire Jia Yueting, has big dreams of taking on Tesla Motors, starting with a $1 billion investment in a new U.S. factory that will build electric cars starting in 2017.
U.S. Trade Representative Michael Froman defended rules governing trade in autos as part of a Pacific trade pact and warned that trying to renegotiate parts of the deal could unravel the whole thing.
Toyota has posted fiscal first half (six months ended September 30) net income up 11.6% to a record 1.2581 trillion in results boosted by the weak yen.
Magna has posted sales down 7%to US$7.7bn for the third quarter ended 30 September.
News
5 Nov, 2015
Honda UK confirms certain Jazz, Civic, Accord, Stream and CR-V models will be recalled for airbag fix
Maserati is deepening production cuts as a boom prompted by the Ghibli sedan fades. The brand's slowing sales volume raises questions about parent Fiat Chrysler Automobiles' ambitions to expand in the luxury-car segment.
Remy says China's Ministry of Commerce has approved the acquisition of the company by BorgWarner, with the inking the last of the regulatory approvals needed.
German prosecutors are considering whether to open a new criminal investigation into Volkswagen Group after the automaker said it found faulty CO2 emissions readings in gasoline-powered vehicles, widening a scandal that so far had centered on diesel...
Fiat Chrysler has twice increased output at its plant in Melfi, Italy, in the last year to keep up with demand for the Jeep Renegade and Fiat 500X. The automaker invested 1 billion euros in Melfi to build the sibling subcompact SUVs.
Tesla's revenue for the third quarter ended 30 September 2015 was up 6.6% to US$852.55m. The operational loss widened to $183.7m. Loss before income taxes widened to $228.1m from $70.98m. Net loss increased to $229.85m compared to $74.7m in Q3 2014.
Honda Motor operating profit for the first half (1 April 2015 through 30 September 2015) rose 7.9% to JPY404.1bn (US$3.33bn) due to strong automobile sales in North America and Asia, additional volume from the new HR-V SUV plus cost reductions.
Gentherm has announced plans to expand production capacity in the fast growing North American market by opening a new manufacturing facility in Mexico close to the city of Celaya in the state of Guanajuato, Mexico in the central part of the country.
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