Leoni AG and other makers of automotive wire harnesses are being probed by the European Union for possible collusion in multiple cartels, echoing a similar investigation in the United States.
Leoni AG and other makers of automotive wire harnesses are being probed by the European Union for possible collusion in multiple cartels, echoing a similar investigation in the United States.
A Florida lawmaker opposed the potential sale of control in A123 Systems, the maker of automotive rechargeable batteries, to a Chinese company, citing national security concerns.
News
9 Aug, 2012
Latest pictures give us our first glimpse of the production-ready BMW i8 supercar's interior
As Toyota prepares for record North American vehicle production in each of the next two years, the company is intensifying its scrutiny of suppliers that are struggling to keep up.
If July was excellent for car and light commercial vehicle sales at 364,200 units (up 20% year on year), August to date is promising a superlative result, according to the latest forecast from automakers' assocation Anfavea.
India's Tata Motors said today a fall in operating margin at its popular Jaguar Land Rover unit had slowed, raising hopes that China and European economies, although stuttering, would continue to drive demand for its luxury vehicles.
Power steering components and systems supplier China Automotive Systems (CAAS) on Thursday said second quarter 2012 gross profit increased 13.0% year on year to US$15.6m while gross margin rose to 19.4% from 17.7% and operating margin was 10.7% compared with 9.2%.
Porsche will preview plans for a
Toyota's US president and CEO has said the automaker is considering moving some Lexus production - possibly the ES sedan - from Japan to the US because of the strength of the yen.
Toyota's US sales chief has said the automaker is considering moving some Lexus production - possibly the ES sedan - from Japan to the US because of the strength of the yen.
Lars Holmqvist, former CEO of European automotive suppliers association, CLEPA, has warned of the "real danger" that OEMs' restructuring plans could cost half a million jobs across the continent.
Spyker, the Dutch supercar maker and former owner of Saab, has appointed the ex-head of Aston Martin in the United States as its chief commercial officer and head of its Americas unit. John Walton, 53, will report to Spyker CEO Victor Muller.
American Axle & Manufacturing Holdings has announced the grand opening of its Chennai Manufacturing Facility (CHMF) in the industrial park of Mahindra World City in southeastern India.
Isuzu and Hino plan to increase production of trucks and core parts at their domestic plants in a bid to maintain their competitive edges overseas in the face of a persistently strong yen.
The Toyota Prius hybrid was the best selling car in Japan for the 14th straight month with 33,398 units leaving the showrooms.
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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