Toray Buys Dutch Carbon-Fiber Supplier

March 15, 2018 at 1:24 AM

Japan’s Toray Industries Inc. has agreed to buy a Dutch maker of carbon-fiber composites in a bid to expand sales in the auto industry.

Magna, Lyft to Develop and Market Self-Driving Systems

March 15, 2018 at 12:09 AM

Ride-hailing service Lyft Inc. and mega-supplier Magna International plc have agreed to co-develop, produce and market an operating platform for self-driving vehicles.

Lexus to Launch Yacht Next Year

March 14, 2018 at 3:15 PM

Toyota Motor Corp.’s upscale Lexus unit plans to begin selling a 65-foot yacht in the U.S. by the end of 2019.

Kumho Tire Workers Strike Over Sale Plan

March 14, 2018 at 2:19 PM

Hourly workers at Kumho Tire Co. in South Korea staged a one-day strike today to protest plans to sell the ailing company to China’s Qingdao Doublestar Co.

Broadcom Drops Qualcomm Bid

March 14, 2018 at 1:29 PM

Singapore-based chipmaker Broadcom Ltd. has abandoned its $117 billion bid for U.S. rival Qualcomm Inc. two days after President Donald Trump cited national security issues and blocked the sale.

PSA Retools China Strategy

March 14, 2018 at 10:20 AM

PSA Group aims to correct misjudgments that caused its sales in China to plummet 48% over the past three years, Automotive News Europe reports.

Evelozcity Targets 2021 Launch for EV

March 14, 2018 at 10:06 AM

Los Angeles-based electric vehicle startup Evelozcity Inc. aims to launch its first vehicle in 2021.

Dana Woos GKN Investors with Secondary Stock Listing Option

March 14, 2018 at 1:50 AM

U.S.-based Dana Inc. is offering to make a secondary listing of its stock in London to cinch its $6.1 billion offer to buy British engineering firm GKN plc’s drivetrain business.

GM Calls for “Shared Sacrifice” to Save Korean Unit

March 13, 2018 at 11:54 AM

General Motors Co. President Dan Ammann says the company’s South Korean operations could become a sustainable and profitable business—but only if stakeholders move quickly on a restructuring plan.

Buick Drops Name Badge on 2019 Models

March 13, 2018 at 11:47 AM

General Motors Co.’s Buick unit is removing its brand name from the marque’s 2019 model-year lineup in the U.S.

GM to Test Shared-Vehicle Service

March 13, 2018 at 9:17 AM

General Motors Co. plans to launch a pilot test this summer of a service in which car owners can rent out their own vehicles, sources tell Bloomberg News.

GKN Rejects Melrose’s £8.1 Billion Hostile Takeover Bid

March 13, 2018 at 1:57 AM

GKN plc has rejected a “final” bid by London turnaround specialist Melrose Industries plc to buy the British engineering firm for £8.1 billion ($11.3 billion).