Former Metaldyne CEO George Thanopoulos has again partnered with New York private equity firm KPS Capital Partners LP to build a new auto supplier.
GAC (Guangzhou Automotive) has hosted its second international distributor conference in Beijing. Themed "Forge ahead to win the future," the Conference was attended by more than 30 distributors from 12 countries.
News
1 May, 2018
The plug-in version of Porsche’s third-generation Cayenne SUV has been revealed in full, priced from £67,128
Toyota's US unit has announced full details of the 2019 Corolla hatchback as more of the 12th generation car sold globally is gradually revealed market by market.
FCA US posted a 4.5 percent gain in U.S. sales last month behind a surge in volume at Jeep. Deliveries slipped 4.5 percent at Ford and 28 percent at Nissan.
U.S. auto sales fell about 4.8 percent in April on weaker car and fleet volume, and two fewer selling days, but the pace of sales remained strong as the spring selling season continued to unfold with some gusto.
The United States said it would delay until June 1 import tariffs of 25 percent on steel and 10 percent on aluminum for the EU, Mexico and Canada.
The United States said it would delay until June 1 import tariffs of 25 percent on steel and 10 percent on aluminum for the EU, Mexico and Canada.
AutoNation's revenue rose in the first quarter, driven by gains in each of its business segments, but net income fell 4.5 percent.
Volkswagen Group Rus says it "learned" from the crisis years not to rely too heavily on imported components as a weak rouble made shipping in parts uncompetitive.
A tentative labor agreement was reached at a Lear facility in Ajax, Ontario, where a three-day strike caused a production slowdown at a nearby Fiat Chrysler assembly plant.
While auto workers in Germany and South Korea fight to save their jobs, one of China's youngest auto brands is gearing up to build crossovers at a new factory with digitally connected robots and a fresh workforce of 1,800 people.
Supplier Dana reported a healthy rise in net income to US$108m for the first quarter of 2018, versus $75m a year previously, citing increased operating earnings from higher sales.
The University of Michigan has begun construction of the US$75m Ford Robotics Building on its Ann Arbor campus.
News
1 May, 2018
French firm's people carriers gain new names for 2018, plus a bit of extra kit on range-topping models
US president Trump has given the EU, Canada and Mexico a temporary stay on the introduction of new tariffs on steel and aluminium.
As the appearance of an AD concept at the LA auto show in late 2017 shows, Hyundai isn't yet done developing its Ioniq model range. Since the first variants went on sale in South Korea coming up for two years ago, a plug-in hybrid and an EV have been added. The biggest seller, though, was always going to the Hybrid.
Ford Sollers says from this year it will localise production of seats in Russia as the company looks to ramp up the proportion of domestically produced components.
A new gearbox, freshened styling and the option of 3D printed accessories are the main changes for an updated range of three-door, five-door and convertible Minis. The cars are now in production at plants in the Netherlands and England, with the latter also beginning initial preparations for an electric variant due in 2019.