PSA Group and BNP Paribas have announced a long-term partnership in automotive finance as the French automaker looks to take over the joint acquisition of Opel/Vauxhall's financing activities.
Japan's Mitsui Chemicals announced plans to build a new plant in India to produce polyurethane seat covers for the country's automotive industry in partnership with South Korea's SK Chemicals.
PPG says there is a "strong strategic rationale" for the proposed transaction between PPG and AkzoNobel.
PSA Group has launched Free2Move Lease, a business unit dedicated to multi-make, full service leasing.
Inrix says it has identified two key findings derived from the hundreds of millions of data points collected concerning population movement, congestion and parking in urban areas across the US.
VW Group and Tata signed an agreement to explore a partnership in India. Tata and VW's Skoda unit will work together on studies for developing mobility services, vehicle components and models.
Toyo Tire & Rubber plans to sell of its diversified non-automotive businesses to focus exclusively on its mainstay tyre business, according to reports in Japan.
Sales of imported cars in South Korea increased by 3.5% to 16,212 units in February, from 15,671 units a year earlier, according to data released by the Korea Automobile Importers and Distributors Association (KAIDA).
With the DS 7 Crossback SUV, PSA Group's upscale brand faces a big challenge to win sales from the German brands the French automaker is targeting. However DS executives say the new model's significance goes beyond sales figures.
As Britain prepares to leave the EU, some automakers are considering softening the blow of any tariffs by sourcing more parts locally and producing more models they can sell domestically rather than export.
Daimler development boss Ola Kaellenius believes the industry is at a major crossroads as megatrends such as connectivity, autonomous drive, shared services and electrification combine to shape the future market.
Western European car sales rose nearly 1 percent in February as demand slowed in key markets. Analysts LMC warned that uncertain political events could affect sales growth in the region.
In the final three months of 2016 Europe's automotive manufacturers and retailers extended their gains in shareholder value, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices.
Six automotive suppliers have been fined a total of EUR155m (US$164m) by the European Commission (EC) for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to car manufacturers in the European Economic Area (EEA).
Features
28 Jan, 2019
Uber has opened up the private hire industry to thousands of drivers. We signed up to see what’s involved... and if it pays
BMW Group reported record sales volume, revenues and earnings for 2016 but analysts noted a drop in automotive operating profit and some unexpected write-downs.
BMW reported its weakest profitability since 2010, capping a negative year for CEO Harald Krueger after the brand lost the industry sales crown to rival Mercedes. Amid higher spending on technology, BMW's automotive profit margin fell to 8.
Bentley is due to make its next major UK investment decision on a new model around the start of next year and unfettered access to Europe is vitally important after Brexit, CEO Wolfgang Duerheimer said.
Pagani's latest $2.4 million, hand-built supercar, the Huayra Roadster, has made its public debut at the Geneva auto show after six years of development. The car has already sold out its limited production run of 100 units.
Lamborghini is open to a full-electric addition to its lineup, CEO Stefano Domenicali said, evidence that parent VW Group's interest in producing zero-emission vehicles could extend to the very top end of its brands.
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