AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported.
Bosch, BMW Group, and Vattenfal are to work together on a project to recycle used electric vehicle batteries for energy storage use that it is claimed can help to keep the power grid stable.
Nokian Heavy Tyres is introducing the new Nokian NTR 52 steer axle tyre for trucks and buses for medium and long distance use
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year.
News
22 Jan, 2015
Survey: cash-strapped drivers are cutting back on vital repairs and maintenance needed to make their cars safe to drive
Linglong Tire has inked a deal with its material supplier SI Group (Shanghai), a subsidiary of US-based chemical intermediates manufacturer SI Group.
Hyundai's fourth-quarter profit fell 19 percent after the weaker yen and ruble eroded overseas earnings. A weaker yen gave rivals including Toyota a competitive edge in the U.S., while a plunge in the ruble lowered the value of earnings in Russia.
The UK auto industry trade association, the Society of Motor Manufacturers and Traders (SMMT) says it has "flown the flag for the UK automotive sector with a parliamentary reception in Brussels."
New vehicle sales in Thailand declined by 17.4% to 108,688 units in December from 108,688 units in the same month of the previous year, according to the Federation of Thai Industries (FTI)
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast.
News
22 Jan, 2015
Coupe version of C-Class saloon seen out in the open for the first time, ahead of October 2015 release
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. BMW is seeking ways to boost Mini's long-term profitability and is expected to discontinue three slow-selling Minis -- the Coupe, Roadster and Paceman.
BMW named former Audi executive Sebastian Mackensen as head of its Mini brand. BMW is seeking ways to boost Mini's long-term profitability and is expected to discontinue three slow-selling Minis -- the Coupe, Roadster and Paceman.
Chevrolet will begin selling the Spark EV in Maryland this spring, its first East Coast entry and third state overall since the electric minicar was launched in California and Oregon in 2013.
As technology plays a more pivotal role in the vehicle-shopping process, mobile shoppers, for the first time, have begun to make up the majority of TrueCar's web traffic.
Ford CEO Mark Fields, seeking to burnish his company's high-tech credentials, will announce Thursday the opening of a Silicon Valley randd center that is believed to be one of the auto industry's largest.
Automakers and suppliers spent an estimated $300 million building out displays for this year's Detroit auto show. Scott Kellner, vice president of marketing for display maker George P. Johnson Co.
A 2008 paperwork error in a loan agreement with General Motors, before the automaker went into Chapter 11 bankruptcy, will cost JPMorgan Chase $1.5 billion, a federal appeals court ruled today.
The Treasury's role in shielding General Motors from car lawsuits after a 2009 bailout of the automaker isn't confidential and should be made public, the Center for Auto Safety told a federal judge.
Rapidly reducing list on the Hoegh Osaka could see the giant carship towed back into the Port of Southampton tomorrow afternoon (22 January), although unpredictable weather may yet delay her entry.
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