A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today.
Billionaire investor Warren Buffett said today he is bullish on Detroit and General Motors -- and said he's impressed with CEO Mary Barra.
Auto lenders and dealers are largely disappointed with a long-awaited report by the Consumer Financial Protection Bureau that outlines the bureau's method for finding discrimination in auto loans.
Lotus has said that it wants to restructure and may shed as many as 325 jobs, over a quarter of the current workforce.
Group Lotus, the maker of exotic British sports cars, may reduce its workforce by 27 percent to cut costs. As many as 325 of the 1,215 people employed at the company could lose their jobs as the manufacturer restructures, Lotus said Thursday.
California issued its first 29 permits this week to three companies to test self-driving cars on public roads, state officials said today.
UK sports car maker Lotus said it plans to cut as many as 325 jobs, a quarter of its workforce, as it seeks to reduce losses.
Paul Philpott, Kia UK President and CEO, has given just-auto an upbeat assessment of conditions in the UK car market and growth prospects for the Kia brand.
ZF's net debt will rise to some 8.5 billion euros ($11 billion), or about 2.4 times core earnings after it buys rival TRW, a banker familiar with the deal said.Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt,
America's National Highway Traffic Safety Administration (NHTSA), is increasingly bringing technical expertise in-house says a public policy expert advising TRW in Washington.
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.
News
18 Sep, 2014
As many as 325 jobs could be lost at Lotus, thanks to cost-cutting measures at the British firm
This is what happens when auto engineers at a technical centre need (a) a team building project and (b) a workshop hack truck.
The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy and Program as a valid way to avoid discrimination, at a CFPB hearing today in Indianapolis into...
General Motors will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said today.
News
18 Sep, 2014
Engineers at Nissan's Arizona-based Technical Centre develop Leaf and Navara-based EV pick-up, called the Sparky
Fiat will locate its new global headquarters in St James's Street in London's West End, opting for the most expensive office district in the world.
Apollo Tyres plans to start production at a new EUR475m greenfield plant in Hungary by 2017.
AB Volvo reportedly plans to group all of its independent operations in India "under one umbrella".
News
18 Sep, 2014
Heavily disguised Mercedes-Benz E-Class spied testing for the first time, ahead of its launch in 2016
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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