Italian new-car registrations rose 9.8 percent in October as strong demand from business buyers exceeded the drop of sales to private customers.
Italian new-car registrations rose 9.8 percent in October as strong demand from business buyers exceeded the drop of sales to private customers.
American Axle & Manufacturing and Metaldyne Performance Group have entered into a definitive merger agreement under which AAM will acquire MPG for approximately US$1.6bn in cash and stock plus the assumption of $1.7bn in net debt.
Mazda Motor has lowered its full-year profit forecast to reflect the impact of the stronger yen.
American Axle and Manufacturing agreed to acquire Metaldyne Performance Group for $3.3 billion in cash, stock and debt.
Renault-Nissan's low-cost electric-car program aims to sell an EV in China for about $8,000, CEO Carlos Ghosn said.
A former oil services firm executive accused by Tesla of impersonating Elon Musk in an e-mail says the carmaker's lawsuit should be thrown out because his message was too 'goofy' to be believed.
Domestic sales by South Korea's five main automakers declined 13.3% year on year to 126,660 units in October, from 146,106 units in the same month of last year, according to preliminary data released individually by the country's vehicle manufacturers.
Compensating carmakers in the UK for any post-Brexit tariffs on exports to Europe could see the government subsidize the companies more money than they need to pay the salaries of all their British workers, Reuters says.
The British government could be faced with a $1.24 billion annual bill to compensate automakers exporting to the EU from the UK for any post-Brexit tariffs, a Reuters analysis shows.
Britain's Society of Motor Manufacturers and Traders (SMMT) says the UK's decision to leave the European Union (EU) was driven by worries surrounding immigration and national control, rather than pure economics.
BMW has launched a new generation Mini Connected app which now includes a personal mobility assistant which can help with journey planning and traffic alerts on the driver's Apple iPhone. Android-based smartphone compatibility is in development.
Volkswagen Group's supervisory board will meet on Friday to discuss restructuring of the automaker, the premier of the German state of Lower Saxony, VW's second-biggest shareholder, confirmed today.
Fuji Heavy Industries (FHI) has started production of the redesigned 2017 Subaru Impreza in its US plant, Subaru of Indiana Automotive (SIA).
On Wednesday (2 November), Ford belatedly reported its October results. Adding more red ink to Tuesday's totals, the automaker'ssales were down 11.9% as a good month for Lincoln was dragged down by a bad month for the Ford brand.
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3 Nov, 2016
Design boss admits MINI Paceman could return as five-door MINI Countryman coupe-SUV
Based on the headlines you might think that Google single-handedly created the self-driving car, but when it comes to patents it is no match for Toyota, VW and Bosch when it comes to autonomous driving patents.
Tower International posted third-quarter net income of $18.2 million, a 12 percent year-over-year gain driven by new business in North America. Revenue rose 3.4 percent in the quarter to $457 million.
Automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata airbags, no matter what happens to the Japanese supplier, the nation's top vehicle safety regulator said.
Volkswagen's supervisory board will hold an extraordinary meeting on Friday to consult on a wide-ranging restructuring of the carmaker, two supervisory board sources told Reuters on Wednesday.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up