Diversified Canadian auto supplier Magna posted a gain in third-quarter operating profits while acquisitions and new production programs helped fuel a surge in revenue.
News
3 Nov, 2016
Scientists show that cities with a honeycomb road layout are most efficient at curbing congestion and traffic jams
Jaguar Land Rover agreed an inflation-beating pay deal with its workers in a sign of the pressure facing companies as the cost of living rises after the Brexit vote.
Jaguar Land Rover agreed an inflation-beating pay deal with its workers in a sign of the pressure facing companies as the cost of living rises after the Brexit vote.
News
4 Nov, 2016
High Court rules Government's air pollution strategy is failing with threat of diesel drivers being charged in cities
News
4 Oct, 2019
Motoring group wants English cities and the Government to each put £500 million into getting polluting cars off the road
Volkswagen AG aims to reach a settlement with the U.S. government over a criminal investigation before a new president takes office on Jan. 20, which would remove a major hurdle as the German carmaker attempts to recover from the diesel scandal.
The White House said it will establish 48 national electric-vehicle (EV) charging networks on nearly 25,000 miles of highways in 35 U.S. states.
UK trade association, SMMT says the adoption of the so-called 'Great Repeal Bill' by the British government smoothing the path to leaving the European Union (EU) will also raise many questions once it is enshrined in law.
Italian new-car registrations rose 9.8 percent in October as strong demand from business buyers exceeded the drop of sales to private customers.
Italian new-car registrations rose 9.8 percent in October as strong demand from business buyers exceeded the drop of sales to private customers.
American Axle & Manufacturing and Metaldyne Performance Group have entered into a definitive merger agreement under which AAM will acquire MPG for approximately US$1.6bn in cash and stock plus the assumption of $1.7bn in net debt.
Mazda Motor has lowered its full-year profit forecast to reflect the impact of the stronger yen.
American Axle and Manufacturing agreed to acquire Metaldyne Performance Group for $3.3 billion in cash, stock and debt.
Renault-Nissan's low-cost electric-car program aims to sell an EV in China for about $8,000, CEO Carlos Ghosn said.
A former oil services firm executive accused by Tesla of impersonating Elon Musk in an e-mail says the carmaker's lawsuit should be thrown out because his message was too 'goofy' to be believed.
Domestic sales by South Korea's five main automakers declined 13.3% year on year to 126,660 units in October, from 146,106 units in the same month of last year, according to preliminary data released individually by the country's vehicle manufacturers.
Compensating carmakers in the UK for any post-Brexit tariffs on exports to Europe could see the government subsidize the companies more money than they need to pay the salaries of all their British workers, Reuters says.
The British government could be faced with a $1.24 billion annual bill to compensate automakers exporting to the EU from the UK for any post-Brexit tariffs, a Reuters analysis shows.
Britain's Society of Motor Manufacturers and Traders (SMMT) says the UK's decision to leave the European Union (EU) was driven by worries surrounding immigration and national control, rather than pure economics.
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