South Korean steel maker POSCO reportedly will boost business ties with Hyundai Motor and affiliate Kia Motors after the recent opening of a new automotive steel plant in the country, company officials told the Korea Herald.
The Justice Department has begun a criminal investigation into Uber's use of a software tool that helped its drivers evade local transportation regulators, Reuters reported.
BMW Group has made adequate risk provisions to cover a worldwide drop in used-car prices, while cautioning that it expects a slight decrease in return on equity from its financial services arm in 2017.
Daimler's Mercedes-Benz Cars has kicked off the second quarter of 2017 with record April sales - for the 50th consecutive month.
German energy group Innogy has recruited Stefan von Dobschuetz, a key executive from BMW Group's i subbrand, to bolster its e-mobility business.
Chinese automotive supplier, Beijing WKW Automotive is to construct a EUR1.13bn (US$1.24bn) plant for premium electric cars in Rothenburg/Oberlausitz in Saxony, alleviating what the German State describes as "upvheaval" in the region.
Volkswagen Group's core VW brand has pledged to end losses in the United States, Latin America and Russia by the end of the decade, counting on cost cuts and higher-margin new models as it tries to move beyond its diesel emissions crisis.
The VW brand aims to break even in North America, South America and Russia by 2020 by rolling out more SUVs and pushing cost savings.
The VW brand aims to break even in North America, South America and Russia by 2020 by rolling out more SUVs and pushing cost savings.
News
5 May, 2017
The company says diesel cars are being targeted too much and wants to educate drivers of their continuing benefits
France's presidential election could have repercussions for the country's automakers, Renault and PSA.
Tesla is seeking to resolve issues with legacy customers of its Grohmann engineering unit that included BMW, VW and Daimler.
News
5 May, 2017
Peugeot 308 updates include tweaked face with new grille and headlights, joined by new tech and developments under the bonnet
Renault is betting on more SUVs and SUV-styled vehicles for further growth in China as it mulls building its Captur SUV locally and importing its Espace crossover-styled compact minivan.
Ford is temporarily laying off 130 hourly workers and eliminating a shift at its politically important Ohio Truck Plant as demand lags for the medium-duty trucks built there.
The average fuel economy of new light vehicles sold in the U.S. in April rose to 25.3 mpg, up 0.1 mpg from March's level.
Ford plans to move about 600 data insights and analytics employees next year to a $60 million project near its headquarters that is part of the automaker's decade-long campus transformation.
IHS Markit predicts suppliers' 2017 combined global revenue from the primary automotive display systems market will jump 17 percent -- and continue to grow in the coming years.
Toyota opened its expanded North American randd center in Michigan, completing a $154 million project started in 2014. The randd center expansion is part of a reorganization of Toyota's North American corporate footprint.
China's Beijing WKW Automotive will invest as much as $1.24 billion on an electric car factory in the eastern German state of Saxony, according to a statement by the regional government.
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