After three years of successive slumps in its sales, the Brazilian auto parts industry underwent a fast capital reduction process which is now causing some manufacturers liquidity problems.
Electric cars will soon be cheaper to buy than conventional gasoline ones, new research shows. Batteries currently account for about half the cost of EVs, and their prices will fall by about 77 percent between 2016 and 2030, a Bloomberg study says.
President Trump criticized German automakers for selling too many vehicles in the U.S. in a meeting with EU officials, Der Spiegel said. "We're going to stop that," he was quoted as saying by the magazine.
Gestamp is opening a new R&D centre in Auburn Hills, Michigan today (26 May), housing robotic prototype assembly cells, a laser cell, a durability performance test lab and complementary metallurgical and metrology labs.
Christian Kullmann has replaced Klaus Engel as CEO after a shareholders meeting in Essen, Germany, which approved a dividend payment of EUR1.15 (US$1.30).
Ford of Europe's new president, Steven Armstrong, believes the automaker is in great shape and has the right products for the region after undergoing major restructuring. The automaker posted a record $1.2 billion pre-tax profit in Europe last year.
An Italian court will hear a class action suit for damages against VW Group over its diesel-emissions cheating. The suit was filed on behalf of consumers from all of the group's affected brands, including Audi, Skoda, Seat and the core VW unit.
Renault named Fabrice Cambolive as head of the automaker's operations in Africa, the Middle East and India, replacing Bernard Cambier, who has held the post since 2014.
California regulators say VW's spending plan on clean vehicle infrastructure has shortcomings and lacks details on how the program, Electrify America, will help disadvantaged communities as well as promote hydrogen fuel cells.
An incoming "tsunami" of off-lease vehicles could send annual U.S. new-vehicle sales tumbling as low as 13 million by 2021, according to one Wall Street analyst.
Julie Hamp, who left Toyota following an arrest for suspicion of violating Japan's drug laws, is working for global public relations firm Finsbury.
BMW unveiled a concept of its revived 8 series that will become a new flagship coupe and try to help it supplant German rival Mercedes-Benz for leadership in luxury vehicle sales worldwide.
U.S. new-vehicle sales are expected to rise very slightly in May from a year ago, narrowly snapping the industry's streak of four consecutive monthly declines.
News
26 May, 2017
Jaguar's storming XE SV Project 8 is a signal of intent from the British brand and the world's top performance saloons should take note
Jaguar has announced the XE SV Project 8. Powered by a 441kW (600PS) version of JLR's supercharged 5.0-litre V8, this will be the fastest road legal Jaguar yet.
GM was accused of putting defeat devices in its trucks to beat emissions tests, the sixth carmaker linked to diesel cheating since 2015, when VW admitted to installing software to bypass pollution rules.
Ford has unveiled Steven Armstrong as head of its Europe operations following the appointment of Jim Hackett as president and CEO.
BMW unveiled a concept for its new 8-series coupe that will become its new flagship and help it fight off a challenge from German rival Mercedes-Benz for leadership in the premium segment.
Chevrolet extended its sponsorship contract with the NHL's Detroit Red Wings, becoming the official vehicle of Detroit's new Little Caesars Arena.
News
4 Sep, 2018
Disguised version of the new Volkswagen T-Roc R spied testing ahead of a full unveiling
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