If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive in Europe, you may only get a piece of pipe.
China's Geely Automobile plans to cut its stake in Ninghai Zhidou Electric Vehicles Company, a manufacturer of electric city cars locate in Lanzhou, in China's north-western Gansu province.
FEV North America plans to construct a $27.4 million North American headquarters and tech center north of Detroit in Auburn Hills.
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Volkswagen's $15 billion settlement with the U.S. and California over cheating on diesel emissions includes billions of dollars to support technologies sold by rivals such as General Motors and Toyota.
Ask Unifor President Jerry Dias what's at stake in upcoming labor negotiations with the Detroit 3 automakers, and he'll say it's nothing less than the future of the Canadian auto industry.
Stephen Feinberg, Ally Financial's third-largest shareholder, stepped down from the auto lender's board after an investor-advisory firm faulted his ability to use the stock as collateral for debt.
U.S. regulators have underestimated the cost and difficulty of achieving their vehicle fuel-economy and greenhouse-gas targets for 2025 and are giving California too much power to shape the country's policies on those issues, an automaker group said.
The Detroit 3 held their top-10 rankings unchanged on Advertising Age's list of the 200 Leading National Advertisers for 2015. Most other automakers slipped, as companies such as Amazon, Expedia and Merck climbed.
UAW workers at aluminum castings supplier Sakthi Automotive Group unanimously agreed to their first collectively bargained contract.
With fuel economy regulations tightening and connectivity and autonomous-driving capability proliferating, the old-fashioned 12-volt automobile electrical system has reached the end of the road.
There will be midterm and long-term opportunities from Britain's vote to leave the EU for the auto industry, business minister Sajid Javid said, adding that Britain should start "embracing" the opportunities provided by the Brexit.
Volkswagen has agreed to offer nearly 500,000 owners of diesel vehicles it sold in the U.S.
ZF Friedrichshafen has confirmed the extension of CEO, Stefan Sommer's contract for another five years.
VW's decision to violate U.S. emissions rules on 2.0-liter diesel vehicles, a cornerstone of its vehicle lineup, will cost the company more than $15 billion under far-reaching settlements with car owners, the federal government and dozens of states.
Semiconductor Manufacturing International Corporation (SMIC) has inked a deal to acquire 70% of Lfoundry for EUR49m (US$54m).
News
28 Jun, 2016
A new report expects car insurance premiums to fall by two thirds as more and more cars feature autonomous tech
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
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