Daimler's Mercedes-Benz Cars has broken ground for the automaker's first "Full-Flex Plant", in Kecskemét, Hungary, about 90km south of Budapest.
President Donald Trump is "seriously considering" seeking separate trade talks with Canada and Mexico but he doesn't plan to withdraw from NAFTA, White House economic adviser Larry Kudlow said.
Former Visteon CEO Timothy Leuliette received a $16.
Daimler and its China partner BYD will each invest 400 million yuan ($62.5 million) to help speed a turnaround at their unprofitable EV joint venture.
Articles
5 Jun, 2018
Apple CarPlay connectivity system to add third-party mapping with the launch of iOS 12 later this year
German automotive workers face the threat of losing their jobs as the industry undergoes massive disruption over the next twelve years, according to research commissioned by labour union IG Metall.
The German car market was down 5.8% in May (at 305,057 units) versus the same month of last year, according to the data released by the KBA. Public holidays and selling days were a factor behind the decline during the month, which saw diesel car sales dented again (down 27.2%).
German battery systems maker Akasol is preparing for a Frankfurt stock market listing before the summer break, raising money to invest in new capacity so it can benefit from an expected surge in demand from EV manufacturers.
With sales well below the 50,000 per annum (16,276 for the year to the end of April), Lexus is a minor brand in Europe, smaller even than Jaguar and about the same size as DS. Unceasingly advertising itself as the hybrid brand in the days when few buyers knew anything about petrol-electrics is the reason why. It's ironic then that just as its hybrids are rising in popularity, Toyota has given the stunning LC 500 coupe a proper old-school V8.
Toyota's local unit said it was "riding the crest of Australia's wave of SUV popularity", selling an industry record of over 7,500 SUVs last month, reflecting the trend to this type of vehicle in Europe and the US.
The switch to EVs will put 75,000 engine and gearbox manufacturing jobs at risk, a study commissioned by German trade unions and the auto industry showed.
Subaru is among a small group of automakers setting a casual pace in the global race for electric vehicles, while Mazda Motor Corp. is on a similarly relaxed timeline.
Heavy discounts of up to $16,000 per vehicle are fueling a truck war among full-size pickups sold in the United States by the Detroit 3, a Reuters analysis shows.
NSK has developed a tilt and telescopic steering column with improved collision safety. The new unit is lighter and has higher vibrational rigidity. The product is now available to customers worldwide.
Elon Musk takes the stage at Tesla's annual shareholder meeting with the gap between the fervor of its fans and the doubts of its skeptics as wide as it's ever been.
Australia's Ateco Group has completed its first Ram 1500 pickup truck right hand drive conversion at its dedicated 'production' line in Melbourne.
The switch to electric cars puts 75,000 engine and gearbox manufacturing jobs at risk, a study commissioned by German trade unions and the auto industry showed.
General Motors is accelerating the pace of electric vehicle launches in China as policymakers in the world's biggest auto market continue to promote EVs as an alternative to gasoline cars.
The UK new car market grew by a modest 3.4% in May with 192,649 new units registered, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
Congress probably won't have time to approve a new NAFTA deal this year, as cabinet members from the three trading partners continue to negotiate changes to the pact.