Faurecia says it has reached binding agreements with Clarion and Hitachi, the controlling shareholder owning 63.8% of Clarion, for a tender offer to acquire 100% of the shares of the Japanese supplier for EUR1.1bn.
German chemicals giant BASF and South Korea's Kolon Plastics (Kolon Group) this week began operations at a new automotive plastics joint venture in the Gimcheon in North Gyeongsang Province.
Renault will double output at its plant in Casablanca that builds Dacia Logan and Sandero models, Morocco's state news agency said.
BorgWarner expects to continue to outperform the new-vehicle market #8212; partly by ramping up its business in hybrids and electric vehicles #8212; despite growing headwinds.
Ford said it is recalling nearly 1.3 million Ford Focus vehicles in the U.S. over an issue with the canister purge valve that may trigger engine stalls.
New advanced safety systems are slowly becoming more ubiquitous across the auto industry, but new research from the AAA indicates that safety benefits may come at a price.
Swedish supplier Veoneer, the Autoliv spinoff firm, pushed back its sales and margin targets, blaming production delays at customers struggling with tougher regulations and faltering demand.
Swedish auto supplier Veoneer, the Autoliv spinoff firm, pushed back its sales and margin targets, blaming production delays at customers struggling with tougher regulations and faltering demand.
Lyft said it acquired augmented reality startup Blue Vision Labs, accelerating the company another step forward in the race to revolutionize transportation through autonomous driving.
Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste.
Sonic Automotive's net income dipped in the third quarter because of lower revenue and new-vehicle sales, though the company saw gains in its standalone EchoPark used-vehicle operations.
Despite substantial gains in the used-vehicle market and lease originations, Ally Financial's consumer auto originations remained flat in the third quarter because of declining new vehicle business.
Volkswagen accelerated its push into the booming SUV segment with the T-Cross, a small car that will compete in Europe against popular rivals such as the Renault Captur and the Peugeot 2008.
Ford said on Thursday it would recall nearly 1.5m cars in North America to repair a faulty component which could lead to engines stalling.
News
25 Oct, 2018
Styling, interior and data logging accessories all introduced as part of BMW's X5 M Performance Parts package
Continental has developed a 'virtual A-Pillar' to help remove forward blind spots. The front support pillars, often referred to as A-pillars, anchor the windshield and the beginning foundation of the vehicle's roof.
Tesla has reported a surprise profit for the third quarter, fulfilling CEO Elon Musk's promise the company would start booking profits in the second half of 2018.
California plans to attack the Trump administration proposal to freeze auto fuel economy standards at 2020 levels and unwind the state's plan for more stringent rules on tailpipe greenhouse gas emissions as "unlawful," California's attorney general...
UK commercial vehicle (CV) manufacturing increased by 14.9% year on year in September 2018 to 8,281 units, according to the Society of Motor Manufactures and Traders (SMMT). Several large UK fleet orders boosted production.
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