Nissan will invest $2.2 billion to take a controlling 34 percent stake in Mitsubishi Motors. The companies plan to sign an agreement by May 25 in which Nissan can name four directors to Mitsubishi Motors' board.
The maker of Subaru vehicles, Fuji Heavy, said fourth-quarter net income rose 38 percent. The company also reported a third-straight year of record financial results. Fuji Heavy also said it will change its name to Subaru Corp.
Nissan and Mitsubishi Motors confirmed they are in talks about a possible capital tie-up and that their boards are planning to meet separately to discuss the matter.
Volkswagen agreed to begin talks with U.S. VW dealers seeking compensation for financial damages caused by the company's diesel emissions violations.
General Motors is projected to gain U.S. market share over the next four years as it launches a dozen new crossovers and trucks, according to an annual report on future product plans prepared by Bank of America Merrill Lynch.
Nissan's UK plant in Sunderland has built its 50,000th Leaf EV.
Andrew Smith, executive director of global Cadillac design, said today GM's design staff is already thinking about how the interior will change if the car drives itself.
GM's design staff is already thinking about how the interior of cars and light trucks will change when autonomous driving technology takes hold, the executive director of global Cadillac design says.
Volkswagen's supervisory board will ask shareholders attending its 22 June AGM to ratify the actions of its management board in 2015, saying that its investigation into the diesel emissions testing scandal has not yet turned up anything to cause it to recommend otherwise.
Features
11 May, 2016
We rifle through brochures and configurators to find the weirdest car options available on new cars, along with some oddities from the past
Audi's global vehicle sales rose 7.5 percent last month, boosted by gains in Europe, the U.S. and China and higher demand for its SUVs.
Opinion
13 May, 2016
Editor Graham Hope's excited for the future that the Giulia will bring to Alfa Romeo - provided it appeals to the head as well as the heart
Sales of passenger cars, SUV and commercial vehicles across Australia hit a new April record of 87,571, 2.9% above the previous best for that month set three years ago in what a local lobby group said was "another demonstration of the motor industry's price-competitiveness".
New vehicle sales in Vietnam continued to grow strongly in April, with deliveries to dealers rising by over 38% to 22,979 units from 16,643 units a year ago, according to data released by the Vietnam Automotive Manufacturers Association (VAMA).
VW Group is recommending that shareholders ratify the actions of its management board at its annual meeting since an investigation into the company's emissions scandal has so far failed to turn up wrongdoing by senior managers.
Automakers exploit lax tests in Europe to improve official CO2 emissions results for their cars, an environmental group said after it compared the real-world road loads of 19 passenger cars to official road loads from the French and German...
Thyssenkrupp has posted a EUR9m (US$10.3bn) net loss for the first half of this year, citing a "sharp downturn" in the environment for materials businesses.
Continental has unveiled a project focusing on the detection zone of gestures on the steering wheel, using a time-of-flight sensor, which is integrated into the instrument cluster.
Takata Corporation has said it was considering a drastic review of its inflator division and the sale of non-core businesses - its first restructuring steps since becoming embroiled in a global recall crisis over potentially deadly airbags.
Toyota do Brasil LTDA (TDB) has opened its new US$170m engine manufacturing facility in the city of Porto Feliz, creating 320 direct jobs.
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