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Audi wants to rein in costs by about $2.5 billion a year to offset surging spending on new technology, according to people familiar with the matter.
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Oct
8th
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Audi wants to rein in annual costs by about 2 billion euros ($2.5 billion) to offset surging new technology spending and to safeguard profit margins, sources said.
Oct
8th
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Daimler and industrial gases maker Linde will build 20 hydrogen fuel stations in Germany over the next few years to boost support networks for fuel cell cars. Daimler aims to bring competitively priced fuel cell vehicles to market by 2017.
Oct
8th
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Daimler and industrial gases maker Linde will build 20 hydrogen fuelling stations in Germany over the next few years to boost support networks for fuel cell cars. Daimler aims to bring competitively priced fuel cell vehicles to market by 2017.
Oct
8th
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International Automotive Components (IAC) has opened the company's new global headquarters in Luxembourg.
Oct
8th
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Fiat Chrysler Automobiles CEO Sergio Marchionne sees potential to form a new No. 1 automaker as companies grapple with low returns on the growing amount of money needed to develop a new car.
Oct
8th
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International Automotive Components (IAC) has celebrated the opening of its European headquarters in Düsseldorf, Germany.
Oct
8th
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GKN claims it has developed the world's first Disconnect All-Wheel Drive System for A-, B- and C-segment vehicle platforms and says it improves fuel economy during steady state cruising by up to 4%.
Oct
8th
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Fiat-Chrysler chief Sergio Marchionne is reportedly planning to step down on completion of the merging group's current five-year strategic plan in 2018.
Oct
8th
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Shiloh Industries has acquired Warren, Michigan- based, Radar Industries.
Oct
8th
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Mercedes-Benz posted its strongest-ever sales month in September delivering 162,746 vehicles, an increase of nearly 14% over the same month a year ago.
Oct
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Mahindra & Mahindra is to reduce its supplier base by 10% a year over the next five years, cutting numbers from 650 to 450, as part of its one sourcing strategy across the group.
Oct
8th
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Fiat Chrysler CEO Sergio Marchionne sees potential to form a new No. 1 in the auto industry as carmakers grapple with low returns on the increasing amount of money needed to develop new cars.
Oct
8th
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New vehicle sales in Indonesia fell by 12.2% to 101,801 units in September, compared with a monthly record of 115,921 units a year earlier, according to data released by industry association, Gaikindo
Oct
8th
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South Korea's Hyundai and Kia plan to strengthen their low-emission line-ups in 2015 with hybrid versions of the mid-segment Sonata and K5/Optima models.
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BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007.
Oct
8th
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BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role. Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007.
Oct
8th
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BMW will announce later this month that it has hired Ferrari's former technical director, Roberto Fedeli, sources said. Ferrari said Fedeli left the carmaker Sept. 13.