Auto News 5

CDK Global CEO Steven Anenen will step down from his role at the dealer software provider by June 30, the company said.

News 14 Dec, 2015

The tech and automotive giant hopes that the Italian styling house will foster relations with 'the best in the world'

General Motors' UK unit Vauxhall has agreed to recall previous generation Zafira MPVs even though the fault, which has caused a number of vehicle fires, has been acknowledged by regulatory body The Driver Vehicle Standards Agency (DVSA) as an "improper repair of the thermal fuse of the resistor in the heating and ventilation system, undertaken outside of the automaker's authorised service and maintenance processes and schedule".

Plastic Omnium has inked a Memorandum of Understanding with Faurecia to acquire its Exterior Systems business - bumpers and front-end modules - for an enterprise value of EUR665m (US$733m).

Tech Mahindra and Mahindra & Mahindra (M&M) have jointly entered into an agreement with Pincar to purchase a controlling stake in Pininfarina.

News 15 Dec, 2015

Updates for the Infiniti Q50 saloon include a powerful new engine plus steering and suspension upgrades

Ford said it was spending an extra US$4.5bn on "electrified vehicle solutions" by 2020 plus "changing how the company develops vehicle experiences for customers - all to make people's lives better by changing the way the world moves".

Ford said it was spending an extra US$4.5bn on "electrified vehicle solutions" by 2020 plus "changing how the company develops vehicle experiences for customers - all to make people's lives better by changing the way the world moves".

Lear plans to double down on its investment in Detroit by establishing a new manufacturing plant in the next two years, joining a city-led effort to create a hub with at least four other automotive suppliers.

Bosch has developed a pilot active parking lot management system in cooperation with Verband Region Stuttgart (Stuttgart Regional Association).

Denso has started a joint development agreement with Morpho, a Tokyo-based company focused on research, development and image processing technology.

As 2015 fades to black, Volkswagen and Chipotle probably wish they could get a do-over. Both brands suffered through PR crises this year that have taken a serious toll on consumer perception. But which company fared worse?

News 14 Dec, 2015

Fisker says 'The Force 1' will feature the most powerful naturally aspirated engine ever

Dan Loeb, the founder of hedge fund Third Point, is calling for the removal of Dow Chemical CEO Andrew Liveris, days after the company agreed to combine with DuPont in the largest-ever chemicals merger, a person familiar with the matter told...

News 14 Dec, 2015

The new Mercedes-AMG S 65 Cabriolet will be the most expensive S-Class in the range when it arrives in April

Over 90% of those who received offers from General Motors' compensation fund opted to accept them, including all 124 families of those who died in crashes linked to defective ignition switches, a final report said.

BMW Group has reported record sales for November with volume up 4.9% year on year to 197,480 vehicles. Year to date (YTD) sales rose 6.9% to a record 2,033,948 as the automaker, for the first time, shifted over 2m vehicles by the end of November.

The French government's pledge not to interfere in Nissan's governance has averted a crisis for the alliance with Renault, but it fails to solve the underlying imbalance in the partnership, according to a leading Japanese research group.