Auto News 5

President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises.

BMW will buy more autoparts with Daimler, new purchasing head Markus Duesmann told the Frankfurter Allgemeine Zeitung.

General Motors has halted spending on new models for India while it reviews its future product line, a media report said.

PSA Group will announce a return to India this week through a manufacturing venture with New Delhi-based CK Birla Group, a French press report said. The joint venture deal will include a Chennai assembly plant, Les Echos said.

President Trump met with a dozen prominent American manufacturers, such as Ford and Tesla, and promised them he would slash regulations and cut corporate taxes, but warned them again of penalties if they move production outside the country.

The rumors continue to circulate: Will Lear CEO Matt Simoncini run for governor of Michigan? He says there are no such plans.

BMW says it is in talks with German and British government bodies, as well as the VDA, with the Munich-based automaker urging London to maintain tariff-free access to the European Union (EU) post Brexit.

Thyssenkrupp is further expanding its automotive components business in China. The industrial group plans to build a new plant for springs and stabilisers in the Chinese city of Pinghu

Nissan's CEO has said the automaker would review its position on UK investment once the UK government makes clear its Brexit terms.

New products are the lifeblood of auto marketing, a category typically driven by vehicle launches. But what happens when there's no new model to pitch?

The Bosch Group and Mahle groups  said on Monday they would sell their joint venture, Bosch Mahle Turbo Systems (BMTS) founded in 2008.

Not so long ago, the consumer electronics show (CES) was the place to exhibit the latest in computers, mobile devices and other electronic gadgets. It still is although the accent is changing. Every year, this Las Vegas tech fest attracts a rising tide of automotive suppliers taking space both inside and outside the convention centre halls. This month's management briefing turns the spotlight on some of those exhibitors operating in the brave new auto world of voice control, artificial intelligence (AI) and machine learning. Now we're talking.

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power.

German automotive body, VDA, says the US would be "shooting itself in the foot," if newly-installed US President, Donald Trump makes good on his comments he could impose a 35% border tax on imported vehicles.

The new generation CR-V appears likely to to become Honda's top seller in the United States but a top executive isn't ruling out the also recently redesigned Civic.

News 23 Jan, 2017

New Tesla Model S 100D gets official range of 393 miles, while new cars undercut P100D variants by a significant amount

Although risks of trade friction have increased with Donald Trump's election as President in the US, a research note from investment bank Credit Suisse sees an all-out trade war between the US and China as 'unlikely'. The note also suggests a proposal in Congress for a tax adjustment on export income might emerge as a viable compromise to assist US exporters while avoiding the risk of retaliation from import tariff hikes.

Thyssenkrupp has broken ground for construction of a EUR15m (US$16m) new steering technology test and development centre in Liechtenstein at its steering business headquarters in Eschen, with completion slated for the first half of 2019.

Delphi has named Glen De Vos as chief technology officer (CTO) and senior vice president, effective 1 March, succeeding current incumbent, Jeff Owens, who will retire after more than 40 years with Delphi.