A market review of the European car market by JATO shows that first-half sales were driven by the continued boom in SUV sales and strong demand across the region.
Ford's decision to makes its autonomous-driving business a semi-autonomous operation in downtown Detroit, separate from corporate HQ in Dearborn, is because the automaker hopes Ford Autonomous Vehicles may function more like a tech startup than an automaker, and be especially rewarding to shareholders and employees, extremetech.com said. Ford could establish a tracking stock and/or spin off the company, it added.
Renault-Nissan-Mitsubishi, the automotive alliance, has announced that combined unit sales at its member companies rose 5.1% to a new record of 5,538,530 vehicles in the six months to 30 June 2018.
Novelis is sticking to a bet that automakers will want lightweight aluminum to make cars more efficient, even as the Trump administration pushes to roll back mileage rules.
ZF has posted first-half adjusted operating profit down from EUR1.2bn (US$1.4bn) to EUR1.1bn, while sales rose to EUR18.7bn.
Teijin Frontier, the Teijin Group's fibre and products converting company, announced it had agreed to acquire JH Ziegler, a leading supplier of automotive interior materials in Germany, at a cost of approximately EUR125m.
BMW is to raise prices in China on the back of higher import tariffs levied on vehicles shipped there from the US.
Webasto has elected Franz-Josef Kortüm as chairman succeeding Werner Baier.
Tata Motors' Jaguar Land Rover has updated its premium Range Rover line with a new engine and more driver assistance items.
ZF said its first-half operating profit margin narrowed due to currency headwinds and higher steel and aluminum prices, as a global trade war weighed on earnings.
ZF said its first-half operating profit margin narrowed due to currency headwinds and higher steel and aluminum prices, as a global trade dispute weighed on earnings.
BorgWarner has posted second-quarter net earnings up 28% to US$272m, while net sales rose 13% to US$2.7bn.
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Trade experts say vested interests on both sides benefit sufficiently from the status quo and aren't ready to give up their protection from foreign competition.