VW Group CEO Matthias Mueller called for emissions tests in Europe to be reworked to close the gap between laboratory and real-world results, an issue brought to public attention by the German car manufacturer's cheating scandal.
Manufacturers, dealerships and others in the auto industry find themselves digging out after the weekend's historic snowstorm that pummeled the eastern U.S. with as much as 3 feet of snow.
Auto supplier Illinois Tool Works today said it agreed to pay $450 million for the engineered fasteners and components business of German automotive supplier ZF TRW.
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Volkswagen Group has been given three months by the prime minister of Lower Saxony, the carmaker's second-biggest shareholder, to provide a full account of the roots of the diesel-emissions scandal.
Iranian President Hassan Rouhani arrived in Italy on Monday for the first stop of a European tour that may see him explore manufacturing partnerships with Fiat Chrysler Automobiles, PSA and Renault.
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The Detroit auto show this year drew 815,575 in total ticketed attendance, event organizers said late Sunday.
ZF TRW, the Active and Passive Safety Division of ZF Friedrichshafen AG, has announced it has entered into a sale agreement for its global Engineered Fasteners and Components business to Illinois Tool Works (ITW) for approximately US$450m.
Johnson Controls, already exiting the auto-industry's supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International.
Ford says it will close down all operations by the end of this year in Japan and Indonesia, where it says it has no prospect of making a profit.
Daimler and IKCO have inked a memorandum of cooperation to produce three diesel truck engines in Iran, following the recent lifting of sanctions.
Grammer Automotive says NAFTA revenue exceeded EUR160m (US$173m) last year, improving the previous figure by 15%.
A big deal under which Johnson Controls would acquire Tyco, a fire protection and security company, is said to be at an 'advanced' stage of discussions.
FCA US has started production at its newest stamping plant in Warren, Michigan, after investing US$63m in the 65-year-old facility.
VW labor leader Bernd Osterloh has rejected a push by management for a big rise in productivity at the automaker's core brand and said planned structural changes were causing "unease" among workers, a report said.
Ford will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Monday.
Chinese vehicle producer SAIC is reportedly considering a move to purchase a GM India plant to start manufacturing in India. Reports in India suggest that the company plans to buy GM's Gujarat factory.
Daimler CEO Dieter Zetsche has told a German newspaper that Google and Apple have made more progress on automotive projects than he had previously assumed
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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