Apr
27th
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Volvo Car USA has announced three executive changes in its regional structure effective May 1.
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Apr
27th
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Apr
27th
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Gentherm, which claims to be "the global market leader and developer of innovative thermal management technologies", announced today that its electronics business unit (EBU) has developed a "unique, leading edge electronics product, based on an advanced engineering design improving an existing technology currently used on many vehicle models in the automotive industry".
Apr
27th
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Robert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41.
Apr
27th
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Fiat Chrysler Automobiles chief executive Sergio Marchionne has a rearrangement of North American factories to favour truck and Jeep production over car output will be completed by early 2018.
Apr
27th
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Mazda said it expects its operating profit to fall 25 percent in the current fiscal year because of a stronger yen and a slowdown in China and other emerging economies.
Apr
27th
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Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device."
Apr
27th
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FCA China partner Guangzhou Automobile Group is reportedly looking for help from FCA with its US market entry strategy.
Apr
27th
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German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues.
Apr
27th
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PSA has recorded first quarter revenue of EUR13bn (US$14.7bn), of which EUR8.8bn was for the Automotive division, an increase of 1.5% at constant exchange rates and EUR4.7bn for Faurecia.
Apr
27th
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Google, Ford, Volvo and the ride-sharing services Uber and Lyft are forming a coalition to push for federal action to help speed self-driving cars to market.
Apr
27th
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Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.
Apr
27th
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FCA US has announced a planned spend of US$74.7m at its Trenton Engine Complex in Michigan to retool the north plant to produce a new generation four-cylinder engine (replacing the current 3.6-litre Pentasrat V6), retaining 245 jobs. The engine will be assembled on the flexible production line installed in 2012.
Apr
27th
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For the second time in about a decade, Mitsubishi faces a scandal that could affect the company's very existence after the automaker admitted to improperly testing the fuel economy of its cars over the past 25 years.
Apr
27th
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Organisers of next year's EquipAuto aftermarket show in Paris are to unveil a raft of initiatives to tempt international exhibitors back to the French capital in a bid to regain numbers before the financial crash of 2007.
Apr
27th
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UK automotive trade association, SMMT says it firmly believes there is still a "compelling case" for Britain to remain in the European Union (EU).
Apr
27th
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SMMT chief executive, Mike Hawes says the continuing powerful performance of the UK car industry is presenting real opportunities for domestic suppliers.
Apr
27th
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French supplier Valeo reported a 9.4 percent rise in first-quarter sales, lifted by demand for pricier content such as display screens, parking assistance and radar systems.