Business

Siemens Buys Route Planning Company

April 28, 2017 at 11:30 AM

Siemens AG has agreed to acquire HaCon Ingenieurgesellschaft mbH, a Hanover, Germany-based software company that provides route planning, scheduling and information systems services for public transportation, mobility and logistics applications.

Magna Partners with Chinese Seating Supplier

April 28, 2017 at 10:05 AM

Magna International Inc. has agreed to form a joint venture with China's Hubei Aviation Precision Machinery Co. (HAPM).  The companies expect to close the deal in the fourth quarter.

SiriusXM Buys Connected-Car Service Provider

April 27, 2017 at 11:00 AM

Satellite-based radio service Sirius XM Holdings Inc. has acquired Automatic Labs Inc., a San Francisco-based provider of connected-vehicle services.

Takata Said to Consider Bankruptcy, Asset Sale to New Company

April 27, 2017 at 1:46 AM

Takata Corp. is considering a scheme to file for bankruptcy protection and sell its assets to a newly created company, thus separating ongoing operations from liabilities related to the company’s exploding airbag inflators, The Nikkei says.

Report: VW May Sell Ducati Motorcycle Unit

April 26, 2017 at 4:30 PM

Volkswagen AG is shopping its Ducati motorcycle unit to potential buyers, sources tell Reuters.

BMW Warns Staff to Take EV Revolution Seriously

April 26, 2017 at 12:00 PM

BMW AG is holding a series of sobering rallies for employees to warn them that they must prepare for an “electric assault” on the traditional auto industry, Bloomberg News reports.

Ghosn: No Merger Ahead for Nissan, Mitsubishi

April 26, 2017 at 1:10 AM

Nissan Motors Corp., which acquired a controlling 34% stake in Mitsubishi Motors Corp. in October, has no plan to fully combine the two companies, says Carlos Ghosn, chairman of both companies.

Nissan Expands Nismo Performance Business

April 25, 2017 at 3:14 PM

Nissan Motor Co. has created a new business unit to help grow its Nismo performance sub-brand.

Mobileye Signs Nissan to Partner on Maps for Autonomous Cars

April 25, 2017 at 2:17 PM

Nissan Motor Corp. is the latest carmaker to partner with Mobileye NV in tapping crowd-sourced data to make precision maps for self-driving vehicles.

Renault Details Strengths of Expanding Alliance

April 24, 2017 at 12:10 AM

Renault SA says its unique alliances with AvtoVAZ in Russia and Nissan and Mitsubishi Motors in Japan give the companies advantages of scale without compromising brand distinctions.

Harman, Baidu to Partner on Cloud-Based AI Tech in China

April 21, 2017 at 8:22 AM

Harman International Industries Inc. and Baidu Inc. have agreed to jointly develop cloud-based artificial intelligence systems for the Chinese auto market.

Hyundai Targets 1 Million Sales in India by 2021

April 20, 2017 at 1:06 PM

Hyundai Motor Corp. say it will invest 50 billion rupees ($774 million) to boost annual sales by its operations in India to 1 million units by 2021.