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Jul
24th

Sergio Marchionne suffered embolism during cancer surgery, Italian report says

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Former FCA CEO Sergio Marchionne suffered an embolism while undergoing an operation for an invasive shoulder sarcoma and has irreversible damage to his brain function, an Italian business website reported Tuesday.
Jul
24th

Sergio Marchionne suffered embolism during cancer surgery, Italian report says

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Former Fiat Chrysler CEO Sergio Marchionne suffered an embolism while undergoing an operation for an invasive shoulder sarcoma and has irreversible damage to his brain function, an Italian business website reported.
Jul
24th

Volvo Cars IPO draws lower valuations in initial feedback, report says

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Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group's top-end estimates for a potential listing, people familiar with the matter told Bloomberg.
Jul
24th

Volvo Cars IPO draws lower valuations in initial feedback, report says

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Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group's top-end estimates for a potential listing, people familiar with the matter told Bloomberg.
Jul
24th

Ford commits $4 billion to autonomous vehicles, forms new subsidiary

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Ford said its investments in autonomous-vehicle development are expected to total $4 billion through 2023 and that it has formed a subsidiary devoted to those efforts called Ford Autonomous Vehicles.
Jul
24th

Ford commits $4 billion to autonomous vehicles, forms new subsidiary

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Ford said its investments in autonomous-vehicle development are expected to total $4 billion through 2023 and that it has formed a subsidiary devoted to those efforts called Ford Autonomous Vehicles LLC.
Jul
24th

Is Ferrari working on a hybrid, 4-cylinder engine?

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A new hybrid Ferrari engine could be in the works if a new patent uncovered by Autoguide makes it to production.
Jul
24th

A glimpse of the next-gen Audi Q3

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Compact crossovers and SUVs are all the rage, especially among luxury brands, and the second-generation Audi Q3 is on the doorstep.
Jul
24th

“Talk less do more” – Hauts de France President

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Hauts de France President, Xavier Bertrand says he would like to be a politician who "talks less but does more," in terms of the automotive industry in his region.
Jul
24th

Ford GT output lags; Multimatic vows to fill all orders

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Canadian supplier Multimatic produced just 138 Ford GT supercars for the 2017 model year, well short of a goal of 250. Ford cited inexperience and minor supplier problems.
Jul
24th

Fiat Chrysler, under Manley, should recharge electronics engineering chops

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Electronics are driving the evolution of light vehicles today, and new CEO Mike Manley should make FCA's North American electrical engineering operations the envy of the industry.
Jul
24th

General Motors launches Maven peer-to-peer car sharing program

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The "Peer Cars" beta program allows owners and eligible lessees to rent their 2015 and newer Chevrolet, Buick, GMC or Cadillac cars and trucks to Maven users for cash.
Jul
24th

Why Asbury Automotive posted strong Q2 gains

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Asbury increased revenue and net income in the second quarter despite continued margin pressure. Gains in its used-vehicle, finance and insurance, and parts and service businesses drove the boost.
Jul
24th

Louis Camilleri named CEO at Ferrari

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The tobacco company Philip Morris International (PMI) has said its board chairman Louis Camilleri will assume the role of CEO of Ferrari S.p.A. It says the 'long-term relationship between our two companies is deep and meaningful and we look forward to continued business collaboration'. Mr Camilleri will continue to serve as non-executive chairman of the PMI board.
Jul
24th

Facing Trump’s threat of auto tariffs, Canada’s response isn’t so clear

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Canada fired back at Donald Trump's metals tariffs with dollar-for-dollar retaliation. For autos, it may not be so simple.
Jul
24th

Stagecoach plans trial for UK’s first full-sized driverless bus

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Work is underway to trial the UK's first full-sized driverless bus later this year. To start, the bus will be trialled for autonomous operation in a bus depot environment.
Jul
24th

Tariffs promise to take big bite out of automakers’ U.S. tax savings

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Steel and aluminum tariffs could eat up anywhere from about a third to well more than half of tax-cut benefits in 2018, a Bloomberg analysis shows.
Jul
24th

Mitsubishi operating profit soars 36% on sales surge, cost cuts

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Mitsubishi reported a 36 percent jump in operating profit in the latest quarter as the automaker's rebound gathers speed on rising sales in every key market.
Jul
24th

VW Group lines up Audi CEO replacement

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The VW Group is apparently lining up a replacement CEO at its Audi brand, because of uncertainty surrounding the current CEO - Rupert Stadler - who is in pre-trial detention in Germany over allegations surrounding emissions tests cheating. Markus Duesmann has been offered a position on the VW Group board, but the position has not yet been given a job title.
Jul
24th

Tenneco appoints new chief executive officers

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Tenneco has announced that its board of directors has selected Brian Kesseler and Roger Wood as the chief executive officers of the aftermarket and ride performance company and powertrain technology company, respectively, the two new independent, publicly traded companies, which will be established in the second half of 2019.
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