China is considering proposals to cut import duty on passenger cars by about half, sources said, in a move that would help German luxury automakers BMW, Mercedes and Porsche.
News
26 Apr, 2018
The long-term future of the Ford Mondeo looks unclear following the news that its US sister model will be dropped
Tesla's Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker, which is in a fierce war for the engineering talent needed to develop autonomous vehicles.
Tesla's Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker, which is in a fierce war for the engineering talent.
Visteon has announced that it will provide a SmartCore-based integrated cockpit domain controller to Geely Auto for its new electric vehicle platform. Through this collaboration, both companies will jointly promote the innovation of cockpit electronics in the automotive industry.
Nissan CEO Hiroto Saikawa said a Renault-Nissan merger would have "side effects" and stressed the importance of independence in an interview with the Nikkei business paper.
Major Chinese auto-related electric battery firms saw a profitability downturn in 2017, despite upstream material producers enjoying bigger margins, Chinese media reports say.
UK production fell 13 percent in March as bad weather disrupted supply chains and worries over export prospects after Brexit and the future of diesel vehicles dampened demand.
Ford is rationalising its product offering and cutting costs still further. The news follows the posting of first quarter results that showed a swing to profit after a loss in the same quarter last year; revenue was also up 7%.
Volkswagen Group first quarter operating profit fell to EUR4.2bn from EUR4.4bn following record unit sales which led to group sales revenue rising year on year from EUR 56.2bn to EUR 58.2bn.
Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings.
Hyundai's first-quarter net profit halved as bleak U.S. and China sales, a strong South Korean currency and labor union strikes dragged on the automaker's earnings.
VW Group posted a 3.6 percent drop in first-quarter operating profit but optimism over its new CEO, Herbert Diess, and lower diesel emissions scandal provisions lifted its shares.
Magna, and its partner, Innoviz Technologies, will supply BMW with solid-state lidar for the automaker's upcoming autonomous vehicle platforms.
AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame.
AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame.
Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will either fix or eliminate unprofitable global operations.
Ford plans to stop selling all Ford brand sedans in North America as it nearly doubled its cost-cutting target. The automaker said it will either fix or eliminate unprofitable portions of the business.
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