Magna said its third-quarter profit grew compared with a year ago as revenue also climbed, but the Canadian auto supplier trimmed the outlook for the year on production headwinds.
Canadian supplier Linamar increased third quarter sales 18.6% year on year to US$1.8bn.
DuPont said it is spending US$80m to build a new factory in Zhangjiagang, Jiangsu Province in East China.
Renault will build Nissan and Mitsubishi vans at two plants in France, raising investment in the country as the three companies seek closer integration.
Renault has announced new van production at its manufacturing facilities in Maubeuge and Sandouville, France.
Wabco Holdings said it had entered a long-term agreement with Hyundai Motor to supply medium duty trucks with electronic braking systems (EBS), anti-lock braking systems (ABS), electronic stability control (ESC) and electronically controlled air suspension (ECAS) systems as well as air processing units (APU).
News
8 Nov, 2018
Carmakers prepare to see 2018 out with a bang at the Los Angeles Motor Show later this month
Car sales in China declined for a fifth consecutive month, bringing the world's largest market closer to its first annual drop in at least two decades and piling pressure on automakers.
Denholm, 55, has been CFO and head of strategy at Telstra Corp., Australia's former phone monopoly, since only Oct. 1 after 18 months as chief operations officer.
Tesla named Robyn Denholm to be chairman of the board of directors. She arrives from the role of CFO and head of strategy at Telstra, Australia's former phone monopoly.
Electrify America, the wholly-owned subsidiary of Volkswagen Group of America set up as part of the 'dieselgate' settlement with federal authorities, has announced collaboration with six organisations in California to help develop and launch community based programmes to support brand neutral education and awareness of Zero Emission Vehicles (ZEV) for disadvantaged and low-income communities.
Tesla chose Robyn Denholm to succeed Elon Musk as board chair, selecting an independent director to contend with the automaker's mercurial CEO following his run-ins with regulators and investors.
Tesla chose Robyn Denholm to succeed Elon Musk as board chair, selecting an independent director to contend with the carmaker's mercurial CEO following his run-ins with regulators and investors.
Mazda is accelerating a push into electrified vehicles to help avoid EU fines for failing to cut greenhouse gas emissions. Mazda and rivals face total fines in excess of more than $16 billion if they fail to comply with tighter CO2 emission limits.
BMW is under pressure from Germany's government to drop its opposition to funding hardware upgrades on some diesel vehicles in the country and join rivals Daimler and VW Group in agreeing to meet the costs of the cleaner-emissions retrofits.
PSA says Opel/Vauxhall is "back on course" one year after presenting its Pace plan, insisting the division will be profitable, electric and global.
PSA-owned Opel says the engineering centre at its company headquarters in Russelsheim will become a laboratory for electric-mobility working with a number of partners.
Ford Smart Mobility has acquired Spin, a San Francisco based electric scooter sharing company that provides customers an alternative for first- and last-mile transport.
Scottish Finance and Economy Secretary, Derek Mackay has held urgent talks with trade unions and Michelin management to discuss the future of the Dundee plant, following confirmation by the manufacture it has decided to close the plant in 2020 with the loss of 845 jobs.
Earlier this week, BMW Group Plant Dingolfing began series production of the new BMW 8 Series Convertible, which will be built alongside BMW 5 Series and 7 Series variants on a single assembly line.
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