Dealertrack Technologies has moved to clear a regulatory impediment to its merger with Cox Automotive by agreeing to sell its inventory-management software business to DealerSocket for $55 million in cash.
News
20 Aug, 2015
A new system developed by Nissan, Renault, Peugeot & Citroen will help warn pedestrians of silent electric cars
Hyundai Mobis says it has signed its first-ever contract to supply parts to PSA Peugeot Citroen.
Underlining Honda's increasingly smart move towards investing where populations and incomes are rising in Asia, the company has just revealed a prototype of a new model, the BR-V.
Renault-Nissan plans to cut up to 3,000 jobs in India and reduce production at a joint plant near Chennai, the Economic Times reported.
Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai.
Tata's equity investment fund (Tata Opportunities Fund - TOF) has made a US$100m investment in Uber, a move that will help to extend Uber's reach in India, where it currently has 150,000 drivers in 18 cities.
Volvo Cars has taken control of its three joint venture operations in China for SEK2.2bn in order, it says, to "more accurately reflect its growing presence in the world's largest car market".
Toyota plans to ask suppliers to cut prices for the first time in about a year in an effort to boost competitiveness, Nikkei reported. A recent drop in raw material prices has increased suppliers' ability to cut prices, the paper said.
UK car production fell by 11 percent in July as changes to holiday patterns and upcoming new launches such as the Vauxhall/Opel Astra resulted in early annual shutdowns at some plants.
Volkswagen plans to launch the brand Skoda in South Korea by the end of 2015, according to sources.
The Jiangling Motors Ford joint venture started manufacturing Everest at its Nanchang plant in Jiangxi on 19 August.
Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months.
Citroen will preview a potential new model inspired by its iconic Mehari utility vehicle at the Frankfurt auto show. The concept will be based on the C4 Cactus.
Tesla said the underwriters of its secondary stock sale exercised their option for additional shares, boosting the proceeds to an estimated $738.3 million. The EV maker sold 3.
UK Car output declined by 11.2% in July according to data issued by the SMMT. The SMMT said the decline followed the best half-year since 2008, as changes to holiday patterns meant the traditional annual shutdown started earlier at some plants.
Reports in Japan say that, following a one-year pause, Toyota is to ask suppliers to cut prices as it seeks to improve its competitive position.
Actor Matthew McConaughey is getting behind the wheel of another Lincoln, the redesigned MKX crossover, for a series of commercials set to run next month.
GM will keep an Oshawa, Ontario, assembly line operating until 2017, the company's Canadian unit said today, extending the life of a line that has been repeatedly scheduled for closure over the last decade.
Edmunds.com has launched a new tool that it says will bring more transparency to the car-buying process. Edmunds Express, launched this week, allows the 13,000 U.S.
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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