Cooper Tire says it has entered into an agreement to purchase a majority of China-based, Qingdao Ge Rui Da Rubber (GRT).
Tata Motors luxury vehicle unit Jaguar Land Rover booked a record 487,065 retail sales in 2015, up 5% year on year. It was the sixth successive year of growth with retails in 2015 more than double those in 2009.
Volvo predicts it will achieve a third consecutive record in annual sales this year as the automaker adds to its lineup and targets U.S. customers.
News
8 Jan, 2016
Honda reveals new Civic Limited Edition, from £14,995, and CR-V Black Edition from £29,995
Cyprus Semiconductor is showing its new LED driver making front lighting systems smaller and more cost effective, at this week's Consumer Electronics Show in Las Vegas.
Philippe Klein, Nissan's head of planning, sees changes to the powertrain mix in Europe due to the rising cost of diesels. He said Nissan and partner Renault have the right mix of alternatives, including EVs, to meet changing demand.
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory in Bratislava, Slovakia. Output is expected to peak at more than 89,000 units this year, according to IHS Automotive.
Infiniti expects the Q30 hatchback and its sibling model, the QX30 crossover, to give the brand a huge sales boost in Europe. Infiniti has struggled to make an impact since it launched in the region in 2008.
UK supercar maker McLaren Automotive will add 250 jobs and a second shift as demand for its supercars grows. The company expects to sell 3,000 cars this year, up from 1,653 last year, helped by strong orders for its entry-level Sport Series cars.
Hyundai will begin production of the Santa Fe Sport at its Montgomery, Ala., plant in early summer to increase supplies of the 5-passenger crossover amid a rise in light-truck demand across the industry.
Penske Automotive Group, making a foray into Japan, acquired a 49 percent equity stake in the Nicole Group, a luxury dealership group with operations in Tokyo and Kanagawa.
Car sales in Western Europe grew by 14.3% in December according to data released by LMC Automotive.
Cox Automotive Canada, through its Manheim Canada operation, has acquired 100 percent ownership of Manheim Source Edmonton, in Edmonton, Alberta. The auction site has been renamed Manheim Edmonton.
Panasonic President Kazuhiro Tsuga says it will be years before autonomous systems contribute meaningfully to the company's bottom line.
News
7 Jan, 2016
The Renault-Nissan alliance will roll-out "more than 10" vehicles in four years with driverless capabilities
The Renault-Nissan Alliance said today it plans to offer 10 vehicles with autonomous drive technology in four years.
The 2017 Ford Fusion's new front end was spotted in full view today, four days before the freshened sedan is expected to be revealed at the Detroit auto show.
Mercedes-Benz parent Daimler AG is developing plans to produce a family of new battery-powered luxury vehicles, the automaker's research chief said.
Volkswagen CEO Matthias Mueller will meet with the top U.S. environmental regulator next week, the highest-level talks since the automaker admitted to using software to evade emissions requirements.