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Jul
19th

Fiat Chrysler prepares for Magneti Marelli spinoff

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Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, Reuters reported.
Jul
19th

Tesla’s battery maker suspends cobalt supplier amid sanctions concern

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Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions.
Jul
19th

Actor Mark Wahlberg buys Chevy dealership in Ohio

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Hollywood star Mark Wahlberg, known for both hit movies and his entrepreneurial efforts in the restaurant and nutrition supplements industries, is getting into the car business.
Jul
19th

VW CEO Diess said to push for margin improvements

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Volkswagen Group CEO Herbert Diess is pushing for faster margin improvements at its main Porsche, Audi and VW brands, German monthly Manager Magazin said.
Jul
19th

Mazda My Way London trial snares 375 buyers, national roll-out to come

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A two year trial in London taking Mazda cars to customers instead of waiting for them to come into the showroom has resulted in 375 sales. Now the project will be rolled out across the UK.
Jul
19th

No-deal Brexit won’t faze Mazda UK

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Vehicle makers have been issuing stark warnings over the future of their investments in the UK unless a sensible customs agreement is made with the EU after Brexit - but one company chief will be happy enough with no deal.
Jul
19th

Volvo shifts production of XC60 to avoid US tariffs

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Geely-owned Volvo Cars is planning to shift US-bound production of its XC60 to avoid US import tariffs on care made in China.
Jul
19th

Ross says it’s ‘too early’ to say if U.S. will impose auto tariffs

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Commerce Secretary Wilbur Ross said it was "too early" to say if the United States would impose tariffs of up to 25 percent on imported cars and parts.
Jul
19th

Why a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier

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Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.
Jul
19th

Henkel addresses supplier/OEM ‘pain-points’

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Henkel says solutions addressing the 'pain points of OEMs and tier suppliers include liquid gasketing, magnet bonding, thermal management and potting products as well as an impregnation service.
Jul
19th

Clearlake sells Sage Automotive Interiors to Asahi Kasei

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Clearlake Capital Group has announced a definitive agreement to sell Sage Automotive Interiors to an affiliate of Asahi Kasei.
Jul
19th

Infiniti announces fourth ‘LAB’ for Hong Kong

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Nissan's premium Infiniti brand is to add a start-up 'LAB' in Hong Kong.
Jul
19th

Borgward picks first dealership in Europe

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Borgward has picked Autodis Esch/Mersch as its first European dealer to handle sales in Luxembourg. The Chinese-backed automaker will still sell the majority of its China-built vehicles over the Internet in Europe.
Jul
19th

Audi CEO Stadler appeals to court for release from German jail

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Audi's suspended CEO Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail.
Jul
19th

Audi CEO Stadler appeals to court for release from jail

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Audi's suspended CEO Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail. The executive was detained as part of a probe into emissions cheating.
Jul
19th

Pure EVs “final destination” for industry – Renault

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Renault says pure EV vehicles will represent the "final destination" of the automotive industry as the sector continues to power ahead at around 50% per year growth of the market, although the manufacturer cautions on price.
Jul
19th

Volvo Cars reports record operating profit in Q2

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Geely-owned Volvo Cars has reported its highest ever quarterly operating profit of SEK 4.2 billion (USD470m) for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year, driven by a strong increase in global retail sales.
Jul
19th

Mazda to resume two-shift operation in Hiroshima

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Mazda Motor said it now had a "degree of certainty regarding parts supply and employees' commuting methods" and would restart two shift production at two plants in Hiroshima, Japan.
Jul
19th

Honda launching Clarity PHEV in Japan

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Honda Motor will begin sales of the Clarity PHEV, a new plug-in hybrid variant, on 20 July at dealerships in Japan.
Jul
19th

LEGO Bugatti Chiron – pictures

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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 van, insurance you can rely on is a must.
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