To lure more young talent straight out of school, Detroit is giving itself a full-on Silicon Valley makeover. Detroit remains a tough sell, given the Valley's $1 million signing bonuses and fat equity stakes in promising startups.
Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business.
Daimler has joined other German firms in talks to form a European company to store personal data securely so customers can make purchases online from different outlets without punching in their details each time.
Investment advisory firm Hermes has urged VW Group shareholders not to clear the automaker's management and supervisory boards from responsibility for actions taken in 2016, citing VW's failure to resolve long-standing corporate governance and...
The Chinese car market fell back by 1.4% in the month of April according to data released by the China Passenger Car Association.
A co-founder of Denmark's Saxo Bank has agreed to sell his 26 percent stake in the company to a subsidiary of Chinese automaker Geely Holding, marking the group's first foray into financial services.
Tata Motors' UK luxury vehicle unit Jaguar Land Rover, has reported April retail sales down 2.3% year on year to 40,385 although the year to date (YTD) tally rose 9.9% to 219,894 cars in the first four months of 2017.
New vehicle sales in Vietnam declined further in April, by 7.1% to 21,343 units from 22,977 units a year earlier, according to member data released by the Vietnam Automotive Manufacturers Association (VAMA).
Pirelli's Russian operation says it is exporting more than importing as the 'Made in Russia' drive gathers momentum and as companies look to take advantage of incentives generated by The Kremlin to stimulate the auto sector.
Continental appointed Enno Tang, who runs the German supplier's chassis and safety business in China, as president of the company's China operations. Tang replaces Ralf Cramer, will leave the company after his contract expires in August.
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9 May, 2017
Land Rover's Range Rover Evoque celebrates 600,000 unit milestone with special edition model
The parent company of Chinese automaker Zhejiang Geely, which owns Sweden's Volvo Cars, plans to acquire a stake of up to 30% in privately-owned Danish investment banking group Saxo Bank.
Mitsubishi's profit plunged 94 percent in the latest fiscal year, hit by falling vehicle sales, foreign exchange losses and the costs of a fuel economy scandal. CEO Osamu Masuko pledged a recovery, aided by Nissan.
New Zealand's Motor Industry Association (MIA) said April's record sales of 10,635 vehicles was again above market expectations.
VW brand is confident that it can become the global No. 1 seller of EVs, leaving Tesla behind as it relies on its strength in China and scale to offer mass-market battery powered vehicles at a lower price than the U.S. company's upcoming Model 3.
Continental has slightly raised its full-year sales guidance and expects business to stay strong in the second quarter despite further rising material costs.
Subaru's profit fell 27 percent in the just-ended fiscal year on foreign exchange losses and spiraling costs despite higher vehicle sales in its key North American market.
Renault CEO Carlos Ghosn sees the embrace of globalization by French president-elect Emmanuel Macron as sign of faster growth for the country's economy. Macron won a significant victory over anti-EU politician Marine Le Pen in Sunday's election.
Renault CEO Carlos Ghosn sees the embrace of globalization by France's president-elect Emmanuel Macron as sign of faster growth for the country's economy. Macron won a significant victory over anti-EU politician Marine Le Pen in Sunday's election.
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