Business

Ford Launches U.K. Scrappage Plan for Pre-2010 Cars

August 22, 2017 at 12:30 AM

Ford Motor Co. is offering customers who scrap a car that is more than 7 years old £2,000 ($2,600) toward the purchase of a new vehicle.

Hagerty Buys Classic Vehicle Car-Sharing Business

August 21, 2017 at 11:00 AM

Traverse City, Mich.-based Hagerty Group LLC has acquired Classics&Exotics, which the company says is the only peer-to-peer car-sharing service for classic vehicles in the U.S.

China's Great Wall Plans Bid for Jeep

August 21, 2017 at 1:22 AM

The president of China’s Great Wall Motor Co. tells Automotive News her company intends to buy Fiat Chrysler Automobile NV’s iconic Jeep brand.

Delphi Buys Stake in Israeli Lidar Company

August 18, 2017 at 2:29 PM

Delphi Automotive plc has made an unspecified minority investment in Israel-based Innoviz Technologies Inc., a two-year-old maker of solid-state lidar sensors for self-driving vehicles.

UPDATE: Dongfeng Motor, Guangzhou Automobile Deny Interest in Buying FCA

August 17, 2017 at 6:02 PM

Dongfeng Motor Group and Guangzhou Automobile Group have joined Zhejiang Geely Holding in denying any “current plans” to acquire Fiat Chrysler Automobiles.

Autoliv Partners with Seeing Machines on Driver Monitoring Tech

August 17, 2017 at 12:42 PM

Swedish safety systems supplier Autoliv Inc. is partnering with Australia-based Seeing Machines Ltd. to develop next-generation driver monitoring systems for self-driving vehicles.

BMW, Daimler May Merge Car-Sharing Units

August 17, 2017 at 10:17 AM

BMW AG and Daimler AG may be in talks to combine their DriveNow and Car2Go car-sharing services, according to Reuters.

Denso Forms Chip Unit for Self-Driving Systems

August 16, 2017 at 11:50 AM

Denso Corp. has formed a wholly owned called Nsitexe to design and develop high-capacity chips for use by automated driving systems.

Geely Denies Plan to Buy FCA

August 16, 2017 at 11:00 AM

Geely Automobile Co. tells reporters it has no plan “at the moment” to buy Fiat Chrysler Automobiles NV.

S. African Company Buys U.K.’s Pentagon Dealer Network

August 15, 2017 at 6:26 PM

Motus, the newly formed vehicle division of South Africa’s Imperial Holdings Ltd., has acquired British dealership chain Pentagon Motor Holdings for 493 million rand ($37 million).

Ford GT40 Roadster Prototype on the Block

August 15, 2017 at 11:46 AM

The lone remaining 1965 Ford GT40 Roadster prototype in its original condition is up for sale.

Merkel: Piston Engines Will Be Phased Out

August 15, 2017 at 12:30 AM

German Chancellor Angela Merkel tells the weekly Super Illu that Europe’s trend toward eliminating both gasoline and piston engines years from now is correct.