Business

Kia Extends Partnership with SiriusXM

July 20, 2018 at 2:29 PM

Kia Motors Corp. and SiriusXM Holdings Inc. have extended their partnership for another five years through 2023-model vehicles.

VW Gains Right to Take Control of China Joint Ventures

July 20, 2018 at 12:11 PM

Volkswagen AG, like BMW AG, has been given the right to acquire a controlling stake in its Chinese joint ventures ahead of all other foreign carmakers, Automotive News China notes.

French Engineering Firm Buys Plastics Processing Company

July 20, 2018 at 9:42 AM

Engineering specialist Segula Technologies SA has acquired Activetech, a plastics processing company for interior and electronic components.

FCA Readies Magneti Marelli for Spinoff

July 19, 2018 at 3:19 PM

Fiat Chrysler Automobiles NV has set up an Italian company called MM Srl to prepare its Magneti Marelli parts unit to be spun off as a Netherlands-registered company.

Asahi to Acquire Sage Auto

July 19, 2018 at 12:05 PM

Japan's Asahi Kasei Corp. has agreed to purchase Sage Automotive Interiors Inc., a South Carolina-based interiors supplier, from Clearlake Sage Holdings LLC for $1.1 billion.

Online Travel Giant Invests $500 Million in DiDi Chuxing

July 18, 2018 at 5:50 PM

Bookings Holding, which operates a variety of travel-related web sites, has invested $500 million in Chinese ride-hailing giant DiDi Chuxing Technologies Co.

Conti Restructures, Readies IPO for Powertrain Unit

July 18, 2018 at 11:57 AM

Continental AG is restructuring as a holding company and preparing to launch an initial public offering for its Powertrain division.

Three Chinese Carmakers Form Ride-Hailing Alliance

July 18, 2018 at 12:56 AM

A trio of state-owned Chinese carmakers is launching a joint ride-hailing service to rival foreign-based competitors.

BMW Gains Right to Invest in CATL Chinese Battery Maker

July 17, 2018 at 12:02 PM

BMW AG’s joint venture in China has been given government permission to invest as much as 2.9 billion yuan ($425 million) in Chinese batterymaking giant CATL.

Detroit-Based Vehicle Subscription Service Buys Rival

July 17, 2018 at 10:36 AM

Mobiliti LLC, a multi-brand vehicle subscription service, has acquired rival Condor Detroit.

U.S. Investigates Uber for Gender Bias

July 16, 2018 at 1:57 PM

Ride-hailing giant Uber Technologies Inc. is being investigated for possible gender discrimination in such areas as hiring practices and pay rates.

Hyundai, Baidu Partner on Connected Car Tech

July 12, 2018 at 9:58 AM

Hyundai Motor Co. and China’s Baidu Inc. have signed a memorandum of understanding to cooperate on next-generation connected car technologies.