U.S. auto parts retailer Pep Boys said billionaire investor Carl Icahn raised his offer to buy the company to $16.50 per share, topping Bridgestone's previous offer of $15.50 per share.
Automotive Lighting, the Magneti Marelli lighting subsidiary, and Changchun Fudi Equipment Technology Development Co. LTD. (FUDI), a Chinese investment company active in the automotive components industry, have signed an agreement to establish a joint venture (JV) company aimed at the production and sale of automotive lighting systems for the automotive market.
Videos
22 Dec, 2015
We look back at our 12 most popular car videos of 2015. Which is your favourite?
The first pre-production Brazilian Range Rover Evoque has left the line at the new Itatiaia, Rio de Janeiro state, assembly plant 174km (108 miles) west of Rio de Janeiro City. The automaker so far has kept to its planned local output timetable and plant inauguration is set for March 2016.
Renault said its Batilly plant, which makes the large Renault-badged Master van plus variants for GM Europe's Opel and Vauxhall brands, and Nissan Motor Europe, has broken a production record in 2015.
Toyota President Akio Toyoda resigned from his position as vice chairman of the organizing committee for the Tokyo 2020 Olympic Games.
News
21 Dec, 2015
Eye-catching personalisation options may add to the appeal of Ford's small car range
The year 2015 will probably go down in the annals of automotive industry history for Volkswagen's jaw-dropping emissions cheating scandal. But plenty of other things happened over the course of the year. Seasoned observer Dave Leggett sifts through the just-auto archive month-by-month and offers a personal take on some of the year's most significant developments. Part 1 takes in the first half.
Hyundai is poised to sell fewer vehicles than it projected for the first time since the global financial crisis, after an economic slowdown sapped demand in China and emerging-market earnings slumped due to unfavorable exchange rates.
Pittsburgh Glass Works says it will provide lightweight glazing technologies for the Ford GT Supercar.
Rheinmetall Group division, KSPG, says it has booked several major new exhaust flap orders with a lifetime volume of EUR200m (US$217m) from three unnamed European and Asian automakers.
News
21 Dec, 2015
New £2m driver education research to spark road safety revamp for UK roads with driving test and police funding tackled
Valeo says it is to acquire telematics and mobile connectivity company, Peiker, although the fee has not been disclosed.
Suzuki Motor Corporation shareholders voted in favour of plans to produce vehicles at the automaker's newly established, wholly owned vehicle manufacturing subsidiary in India, separate from the existing Maruti Suzuki joint venture.
New vehicle sales in Malaysia rose by 1.4% to 59,062 units in November, from 55,314 units in the same month of last year, according to data compiled by the Malaysian Automotive Association.
TrueCar appears to be ending a tough 2015 with some gifts under the tree: Four of the five lawsuits filed against it this year have been dismissed or withdrawn. TrueCar can't break out the eggnog just yet.
More than a year into his tenure as CEO of Ford Motor Co., Mark Fields has a redesigned F-150 and two updated SUVs at his disposal just as demand for those types of vehicles is surging.
Fiat Chrysler is considering a plan that would allow dealers to open Jeep satellite stores, according to a company insider. The move could boost sales and free space in crowded FCA showrooms.
Volkswagen Group is trimming the number of components it uses at its core Volkswagen brand to soften the cost impact of the diesel emissions scandal.
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