A trade group representing foreign-owned automakers in the U.S. has urged the transition teams of presidential nominees Hillary Clinton and Donald Trump to address key automotive industry issues in the time remaining before election day.
Sonic Automotive is taking its used-only EchoPark stores into two new markets: Florida and Georgia. Sonic has acquired AutoMatch USA, which has four used-only stores in Georgia and Florida.
Tenneco reported net income of $180 million on the quarter, up from $52 million in the year-earlier period. The company benefited this past quarter from a $105 million foreign tax credit adjustment.
Comma.ai may have just become a footnote in the history of self-driving cars. On Thursday, founder George Hotz tweeted from Comma.ai's account that he was putting a halt to Comma One, the company's first aftermarket driver assist product.
VW Group expects the company's shift to electric cars to cost a five-digit number of jobs in coming years,the automaker's human resources chief, Karlheinz Blessing, told a German business paper.
Infiniti is the latest automaker to be featured in Neiman Marcus' Christmas Book. The Q60 Neiman Marcus Limited Edition is priced at $63,000 in the retailer's 2016 fantasy gifts collection.
VW Group's worker representatives will block investment decisions unless the automaker's management commits to production programs that secure jobs, VW's top labor leader Bernd Osterloh said.
BMW is recalling 154,472 vehicles registered in the U.S. and Canada for a fuel pump problem that could cause stalling, according to a filing with U.S. safety regulators and BMW.
BMW is recalling about 136,000 vehicles registered in the U.S. for a fuel pump problem that could cause stalling, according to a filing with U.S. safety regulators.
Audi cut its revenue forecast for the year, blaming volatile currency markets. Revenue will stagnate compared with 2015 due to "challenging" conditions, it said. Previously Audi predicted a modest increase.
Calsonic Kansei shares surged to a record in Tokyo after a report that the U.S. investment firm KKR and Co. will acquire the Japanese auto-parts supplier backed by Nissan Motor Co.
AutoNation's net income dropped 9.5 percent to $107.3 million in the third quarter as it sold fewer vehicles and suffered because of the Takata airbag recall and automakers' sales incentive programs.
News
28 Oct, 2016
The 2017 Mercedes S-Class is set to gain advanced new engine tech along with a 48v electrical system
AutoNation is embarking on a wide-ranging, $500 million brand extension strategy led by the launch of stand-alone used-vehicle stores using no-haggle pricing.
VW Group denied that its fixes for diesel cars in Europe with rigged software may damage the vehicles' engines.
Despite the impact of 'dieselgate' Volkswagen Group generated an operating profit before special items of EUR11.3 (10.2)bn in the first nine months of the year, representing an increase of 10.5%.
Visteon has reported sales of US$770m and net income attributable to Visteon of $28m, or $0.81 per diluted share in the third quarter
Mitsubishi Motors today reported its first quarterly operating loss in nearly six years as the Japanese automaker struggles to recover from a slump in domestic sales after admitting to overstating the fuel economy on its vehicles.
Qualcomm Incorporated and NXP Semiconductors have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.
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