Volkswagen is on the hunt for self-driving technology and recently tried to buy Aurora Innovation, an autonomous-driving startup founded by veterans of Tesla and Alphabet, Bloomberg reported, citing people familiar with the matter.
Hyundai is freshening the Elantra compact sedan, the brand's best-selling U.S. nameplate, for the 2019 model year, giving it slightly sharper styling and more standard safety features.
Volvo Cars owner Geely Auto Group has had a good first half in 2018.
Skoda has made a million sports utility vehicles nominating the milestone vehicle as a green Karoq.
Private equity firm KKR is in talks to acquire Fiat Chrysler's car-parts business to add to its portfolio of automotive companies, Bloomberg reported.
Fiat Chrysler is pressing ahead with the spin-off of its parts maker, Magneti Marelli, a spokesman confirmed after reports investment firm KKR was in talks to acquire the unit.
Private equity firm KKR is in talks to acquire Fiat Chrysler's car-parts business to add to its portfolio of automotive companies, people familiar with the matter told Bloomberg.
Fiat Chrysler confirmed plans to spin off parts maker Magneti Marelli following media reports investment firm KKR was in talks to acquire the unit.
Continental cut its 2018 sales and margin guidance, citing lower revenues, higher costs for developing hybrid and electric car technologies, and unspecified warranty claims.
Continental's disappointing sales in China and Europe forced the car-parts maker to cut its revenue forecast. In addition, spending on new technology is weighing on profitability. Shares plunged the most since 2009.
Daimler is in advanced talks to buy a stake in Heycar, a used-car portal set up last year by Volkswagen.
Daimler is in advanced talks to buy a stake in Heycar, a used-car portal set up last year by Volkswagen.
PSA's Opel/Vauxhall has announced "a preview of the exciting future of the brand" with a new concept car called the Opel (or Vauxhall) GT X Experimental - a 4.06m, five-door, all-electric compact SUV "with coupe appeal" claimed to be "brimming with innovative ideas".
Witte Automotive (Velbert) has taken an unspecified share in Prague-based, Institute of Microelectronic Applications (IMA), a developer of electronic identification systems.
Hyundai has completed South Korea's first domestic highway journey with an autonomously navigated semi-trailer truck.
Britain's Road Haulage Association (RHA) says French authorities are not doing enough to protect hauliers driving into the Northern French port of Ouistreham, near Caen.
Tesla CEO Elon Musk has sacrificed sleep and worked into the early hours because of the company's production problems. But for five days this summer, Tesla survived without him when he attended his brother's wedding in Spain.
Features
22 Aug, 2018
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