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Oct
21st

Ferrari raises $893 million pricing IPO shares at top of range

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Ferrari raised $893 million in its U.S. initial public offering, pricing the shares at the top end of the marketed range after strong investor demand.
Oct
21st

Teaser shows Lexus Tokyo concept that could hint at the next LS

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Lexus Tokyo teaser
News 21 Oct, 2015

New headlamp teaser ahead of luxury concept at Tokyo 2015, likely to be concept previewing design of next LS saloon

Oct
21st

German regional state says VW emissions file is missing

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A file on VW's emissions scandal went missing earlier this month, the German state of Lower Saxony said. Lower Saxony is VW's second-biggest shareholder.
Oct
21st

JAPAN: Toyota announces second huge power window switch recall in three years

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Toyota Motor is to recall about 6.5m vehicles worldwide to fix electric window switches that could short circuit and cause a fire. It recalled 7.4m vehicles worldwide in 2012 to deal with a similar problem related to unevenly applied lubricant during manufacture.
Oct
21st

VW suspends quality chief in emissions cheat probe, reports say

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Volkswagen has suspended its head of quality control, Frank Tuch, in connection with the emissions scandal at the automaker, newspaper reports said.
Oct
20th

U.S. regulators warn against Republican auto safety proposals

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Republican proposals to improve U.S.
Oct
20th

Stanford goes ‘Back to the Future’ with a self-driving DeLorean

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On the eve of what has become known as 'Back to the Future Day,' Stanford University researchers unveiled a self-driving DeLorean that can burn rubber under robot control, suggesting the future might not be so dismal after all.
Oct
20th

Ferrari faithful drive IPO stock price after $893 million raised

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Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market.
Oct
20th

Ferrari faithful drive IPO price to top of range

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Ferrari priced its initial public offering at the top of expectations, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market.
Oct
20th

COMMENT: Land Rover Defender: Death and revival

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The replacement for the Defender could be JLR's greatest challenge, says Ray Hutton
Oct
20th

INDIA: Magneti Marelli inaugurates exhaust plant

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Magneti Marelli has inaugurated a new industrial plant in India dedicated to the production of automotive exhaust systems.
Oct
20th

GM appoints outside lawyers to top litigation, federal oversight posts

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GM appointed two more outsiders to top leadership posts within its legal department, after last year's firing of several high-ranking lawyers implicated in the company's ignition switch scandal.
Oct
20th

US: GM and LG Electronics partner on Bolt EV

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General Motors says it set aside traditional vehicle development in selecting LG Electronics as its partner in developing the upcoming series production Chevrolet Bolt EV, which it claims will travel more than 200 miles on a single electric charge.
Oct
20th

SWEDEN: BMW DriveNow car-share adds Stockholm

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BMW says it has expanded its DriveNow car sharing scheme to include Stockholm, taking the total number of cities in Europe to nine.
Oct
20th

CHINA: Chinese boost for the global light vehicle market

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Data released by LMC Automotive suggests that the global light vehicle market "appears to be strengthening once again".
Oct
20th

GM, LG form broad partnership for Bolt EV

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General Motors has forged a broad partnership with LG for the development of the Chevrolet Bolt electric vehicle, sourcing everything from battery cells and electric motors to the infotainment system from the Korean company.
Oct
20th

Ferrari’s shares won’t come cheap or easily as expected IPO price rises

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Demand could outstrip supply on Ferrari's initial public stock offering later today, and the shares may price at the top of an indicated range of $48-52 per share, people close to the matter said.
Oct
20th

Acura, Cadillac fall the most in Consumer Reports’ Reliability Survey

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New transmission systems designed to boost fuel economy and infotainment proved troublesome for the auto industry this year, with Acura and Cadillac taking the biggest falls in Consumer Reports' 2015 Annual Auto Reliability Survey.
Oct
20th

GERMANY: Mercedes to use CO2 air conditioning

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To comply with new EU-mandated environment requirements taking effect in 2017, Daimler's Mercedes-Benz said it would equip European market S- and E-Class models as the first production passenger cars with CO2 air conditioning systems. Cars using a new, alternative refrigerant will have a special fire protection system.
Oct
20th

Ford names new Europe manufacturing boss

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Ford promoted company veteran Linda Cash to lead its European manufacturing operations in a management reshuffle that will also see its European sales boss, Peter Fleet, become Asia Pacific head of sales and marketing.
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