SEAT, the Universitat Politecnica de Cataluna (UPC) and Volkswagen Group research are kicking off CARNET - cooperative automotive research network, the first major research and innovation hub to focus on the automotive field and urban mobility of the future of Barcelona.
Valeo has signed an agreement with Bain Capital Private Equity, owner of FTE Automotive, to purchase 100% of FTE Automotive for a purchase price of EUR819.3m (US$913.97m), representing an estimated EBITDA multiple of 8 times for 2016.
Ahead of the publication of the European Commission's communication on the decarbonisation of transport next month, the European Automobile Manufacturers' Association (ACEA) has outlined some key challenges that industry and policy makers must overcome to reduce CO2 emissions more effectively.
Toyota has confirmed the restart of production following shortages resulting from the severe earthquakes that struck Japan's island of Kyushu on April 14.
News
7 Jun, 2016
A new report finds Brits spend £695 on average a year maintaining their cars
As we warned last month, year-on-year comparisons of US light vehicle sales are likely to be disappointing even though the industry is still on track for another 17m unit year.
Hyundai plans to launch a luxury all-electric vehicle under its Genesis marque to expand the lineup of its new premium brand, Senior Vice President Manfred Fitzgerald said.
Toyota has suspended production at three Japanese plants affected by an explosion earlier this week at a factory belonging to the supplier Aisin Advics, a major maker of breaking systems that is majority owned by Toyota group supplier Aisin Seiki.
Japanese investigators raided Suzuki's headquarters as they probe the automaker's use of improper fuel economy tests.
Audi hopes a lighter, more spacious and better equipped A5 Coupe will boost sales of the BMW 4 series and Mercedes-Benz C-class Coupe rival.
News
3 Jun, 2016
Plans to introduce subsidy this July for businesses installing charging points at work premises
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, June 6.
BMW has set up a "speed boat" unit to boost its self-driving expertise but will roll out autonomous car technology gradually, development chief Klaus Froehlich said.
Automotive News Europe salutes the winners of the 2016 Rising Stars awards. Every day through June 6 one of the 15 winners will be featured. The Rising Star for Sales OEM is Andrea Carlucci of Toyota Italy.
Apple has hired Sinisa Durekovic, a software engineer who led the development of satellite navigation systems used by luxury carmakers including BMW, Mercedes-Benz and Audi.
Automotive leasing levels, average loan amount and average monthly payments each reached highs in the first quarter, Experian said in its latest State of the Automotive Finance Market report, released today.
JPMorgan Chase CEO Jamie Dimon said the market for U.S. automobile lending is 'a little stressed' and that he foresees higher losses ahead for some competitors.
ZF Friedrichshafen is considering more acquisitions as well as selling assets after catapulting into the ranks of the world's biggest car-parts manufacturers via last year's $12.9 billion takeover of TRW Automotive.
China's Ningbo Joyson Electronic Corp. is interested in acquiring embattled Japanese airbag supplier Takata.
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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