Dana is buying a majority stake in Canada's TM4 for $127 million, allowing the automotive supplier to produce more components for electric vehicles, and to increase its reach in China.
CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.
A machine used for paper recycling caught fire late Thursday at Tesla's plant in Fremont, Calif., outside the company's main EV assembly line, but manufacturing was unaffected.
Russia is the latest country to threaten the U.S. with retaliation for tariffs on metals imports, warning Friday that American cars could soon face higher taxes.
Russia is the latest country to threaten the U.S. with retaliation for tariffs on metals imports, warning Friday that American cars could soon face higher taxes.
US President Donald Trump has threatened to slap 20% tariffs on cars imported from the EU as trade tensions with the EU threaten to escalate into a 'tit-for-tat' trade war.
Daimler's Mercedes-Benz Cars said it had almost completed construction work on a new engine plant in Jawor, Poland, with the basic structure of the new factory in place.
Katrin Adt (46) is to be the new head of Smart product at Daimler.
Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as CEO.
News
22 Jun, 2018
American president’s tweet prompts fall in value of European car companies' shares, with BMW shares down 2%
The European Union's retaliatory tariffs on products from the United States came into force on Friday, the latest shots fired in what increasingly looks like a global trade war.
President Trump threatened to impose a 20 percent tariff on all European Union-assembled cars exported to the United States after the EU imposed more than $3 billion in levies on American goods.
Renault absorbing Nissan and Mitsubishi is not an option as the automakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said.
Audi is paying more than 1.5 million euros ($1.74 million) in severance pay to an engineer caught up in its diesel-cheating scandal, a German media report said.
Volkswagen is increasing its stake in the California technology company QuantumScape Corporation and forming a new joint venture to commercialise solid-state battery technology by 2025.
News
22 Jun, 2018
Italian firm’s restoration team restores the only Miura SVR ever made to its original specification
Germany's most prestigious automaker awards will go to no one this year as manufacturers reel from the latest turns in a diesel-emissions scandal plaguing the industry.
Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler, who is stepping down after eight years running the brand.
Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler.
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