Visteon Corporation has declared a special cash distribution of US$43.40 per share to be paid out late in January. The board also authorised a share repurchase plan of up to $500m which will run until the end of 2016.
Continental is to showcase a demonstration vehicle at January's Consumer Electronics Show in Las Vegas, in which all windows can be darkened simultaneously, using films inserted into the glass and which change their transparency through electric control signals.
Hyundai and Kia have agreed to pay royalties to a Baltimore company to end a patent-infringement fight over hybrid engines.
DMAX, a diesel engine joint venture between General Motors and Isuzu, is to plough US$82m of finance for future Duramax diesel engine-related productivity improvements, creating around 150 jobs during the next three years, dependent on State and local incentive approvals.
General Motors Brazil's Chevrolet Cobalt [it shares its name but little else with the 2005-2010 North American rental fleet special] has, after four years, had a mid-life refresh subtly inspired by the Malibu. Changes include new headlamps, bumper, grille, tail lamps and boot lid. Plus new light alloy wheels.
Volkswagen AG is preparing to integrate flat batteries into future cars as the German manufacturer plans to boost its electric-vehicle lineup following its emissions manipulation scandal.
Kongsberg Automotive's (KA) Fluid Transfer business has secured a contract for brake assemblies from an unnamed automaker in a deal worth EUR26m (US$28.5m).
India's Mahindra and Mahindra has agreed to buy Italian car designer Pininfarina in a deal worth about 168 million euros ($185 million). Pininfarina will remain an independent company with a separate listing in Milan.
Features
14 Dec, 2015
We drive Volvo’s first British police car – alongside its latest – as the brand marks 50 years of fighting crime
It may still be called the Q7, but Audi's largest crossover has evolved into a different animal than what arrived stateside in 2006.
In the past five years, hundreds of medium-size dealership groups have started doing their own internal 20 Groups to get a more comprehensive look at the stores' financials and operational strengths and weaknesses than they get through external 20...
Mercedes-Benz has freshened and renamed its largest SUV to give it more power, a new nine-speed transmission and styling changes. Company executives hope those changes will keep it atop its segment during the last half of its life cycle.
Toyota's broad sponsorship of the Olympic Games will vault the automaker to the top tier of the global marketing podium, alongside some of the world's largest and most recognizable brands, including Coca-Cola, McDonald's and General Electric.
The Escalade's success since its spring 2014 redesign has given Cadillac and its dealers a glimpse of what life could be like under the long-term vision laid out by brand chief Johan de Nysschen.
In a month when total volume rose 16,223 light vehicles, fleet sales for the major players increased 23,500. That 14 percent fleet jump swung a negative retail month into an overall 1.2 percent increase for the industry.
Over the past few years, General Motors and Ford Motor Co. have become less reliant on the profit-eroding habit of dumping cars onto the rental-car market, according to a review of industrywide rental sales data by Automotive News.
In an interview with Automotive News, Ford CEO Mark Fields spells out why the automaker is making a $4.5 billion investment to develop more than a dozen electrified vehicles that it knows few consumers want to buy right now.
At Keller Bros. Ford in Pennsylvania, staffers often respond to Internet leads around the clock, seven days a week, and within 5 minutes during business hours. The approach has helped produce record sales for two consecutive years.
Fiat Chrysler has discontinued an aggressive stair-step incentive on the Chrysler 200 that boosted sales in a segment where the brand has long been a laggard.
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