Tesla assured investors its Model 3 sedan is on track to begin production, mitigating concerns that the carmaker is burning through more cash to bring the vehicle to market.
South Korea-based conglomerate LS Group is reportedly in negotiations with US investment firm KKR over the sale of LS Automotive, the group's automotive electric parts-making unit, according to a report in the Korea Herald.
Mexico and Canada, with their massive auto industry interests, are bolstering their defenses of the NAFTA pact that President Donald Trump vows to rewrite.
Porsche AG has reported its financials for the first quarter of CY2017. Amongst the highlights is a 17.6 per cent profit margin, up from 16.7 per cent.
China is hailing the emergence of Slovakia as one of Eastern Europe's manufacturing powerhouses following the formal opening of Yanfeng Automotive Interiors' (YFAI) testing laboratory in Trencín.
Bosch expects its revenues to grow by 3 percent to 5 percent this year following a 12 percent jump in the first quarter.
Toyo Tyre and Rubber is to relocate its headquarters to Itami, Hyogo from Nishi-ku, Osaka later this month.
The BMW Group says it has begun the financial year 2017 with a solid first quarter and made 'excellent progress in terms of implementing Strategy Number One > Next'. First-quarter deliveries of BMW, MINI and Rolls-Royce brand vehicles rose by 5.3% to 587,237 units (2016: 557,605 units).
Axalta Coating Systems has opened its Americas Technology Centre (ATC) at its Mount Clemens, Michigan manufacturing and research complex.
New-car registrations in Spain rose 1.1 percent in April, boosted by holiday rental sales. VW's Seat, along with Fiat, Ford and Toyota all increased volume.
The UK new car registered a decline of 19.8% year-on-year in the month of April as the market slumped following a record March that was boosted by a pull-forward effect to demand as new VED (annual road tax) rates came into force in April. A negative 'payback' affect to sales in April was widely expected.
UK new-car registrations slumped 20 percent in April, the biggest year-on-year drop for over six years after customers brought forward purchases in March to avoid a tax hike.
ZF and Faurecia are to partner for the development of interior and safety technologies for autonomous driving.
Volkswagen resumed selling diesel cars in the U.S. last month.
Faurecia has signed a partnership agreement with ZF to develop interior and safety technologies for self-driving cars, dubbing it the "cockpit of the future."
News
4 May, 2017
New VW Bluemotion Golf uses 129bhp 1.5-litre TSI and returns a claimed 61.4mpg thanks to engine-off coasting
BMW stuck to a conservative profit forecast as CEO Harald Krueger seeks patience to push through a transition to self-driving, electric cars.
Volkswagen Group wants to increase the productivity of its plants at its core VW unit to catch up with rivals, the brand's CEO, Herbert Diess, told a German newspaper.
A U.S. judge said he had not seen clear evidence that Uber had conspired with an engineer on its self driving car program to steal trade secrets from Waymo.