Faurecia has agreed to buy Japanese car navigation system maker Clarion from Hitachi in a 141 billion yen ($1.3 billion) deal to strengthen its presence in new auto technologies.
Faurecia will buy a majority stake in car navigation system maker Clarion from Hitachi for about $710 million, the Nikkei reported.
Jaguar Land Rover officially launched its Slovakia plant amid warnings that UK production jobs could be at risk because of Brexit.
Jaguar Land Rover officially launched its Slovakia plant amid warnings that UK production jobs could be at risk because of Brexit.
Daimler finance chief Bodo Uebber said the automaker is reviewing ways to counter tariffs between China and the United States that have caused a price hike of Mercedes SUVs sold in China.
Faurecia has unveiled a new joint venture with Chinese supplier, Liuzhou Wuling Automotive Industry.
Hyundai Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.
Hyundai Motor's third-quarter profit plunged by two-thirds, hit by a $440 million one-off charge related to costs from U.S. airbag and engine-related recalls.
Tesla says its Model 3 will go on sale in Europe early next year, and CEO Elon Musk is expecting the electric car to compete with big sellers such as the BMW 3 series and VW Golf.
Daimler said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
Daimler said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
As widely anticipated Ford has posted a lower quarterly profit in the third quarter as high commodity costs and poor performance in China dented the bottom line.
Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.
Ford's losses in Europe increased in the third quarter due to weakness in Turkey and Russia, and launch-related costs for the latest Focus compact car.
Poor results in China and other overseas markets contributed to a 37 percent drop in third-quarter net income for Ford, and the automaker backed off its goal of raising its global profit margin to 8 percent by 2020.
Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year. That increase in part reflected gains related to the sale of dealerships and tax benefits.
A German court ordered Porsche Holding SE to pay shareholders $53.8 million in compensation for violating disclosure rules over an emissions scandal at its main investment, Volkswagen.
PSA posted a nearly 8 percent increase in quarterly revenue, buoyed by its acquisition of Opel/Vauxhall as well as strong sales of pricier Peugeot models.
PSA posted a nearly 8 percent increase in quarterly revenue, buoyed by its acquisition of Opel-Vauxhall as well as strong sales of pricier Peugeot models.
GM's Cruise self-driving car unit has landed $5 billion in commitments from SoftBank and Honda to develop a robot taxi that can safely navigate city streets. But the plan is hitting speed bumps.
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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