Business

U.S. Car Fleet Continues to Age

June 27, 2019 at 12:03 PM

The average age of light vehicles in operation in the U.S. rose 1% last year to an all-time high of 11.8 years at the start of 2019, IHS Market reports.

Ford Will Cut 12,000 Jobs in Europe by 2020

June 27, 2019 at 11:27 AM

Ford Motor Co. says it will reduce its European workforce by 20%, eliminating 12,000 jobs in the region by the end of next year.

Wabco Shareholders Approve Sale to ZF

June 27, 2019 at 10:39 AM

More than two-thirds of Wabco Holdings Inc. shareholders voted to approve the company’s acquisition by ZF Friedrichshafen AG.

VW Board to Discuss Ford Alliance Next Month

June 26, 2019 at 4:20 PM

Volkswagen AG’s supervisory board reportedly will discuss and may approve next steps in the company’s budding alliance with Ford Motor Co. when it meets on July 11.

France’s Macron Touts a “Stronger” Renault-Nissan Alliance

June 26, 2019 at 2:06 PM

French President Emmanuel Macron says the Renault-Nissan alliance should be strengthened through “synergies and alliances in all their forms.”

Report: Robots May Replace 20 Million Factory Jobs

June 26, 2019 at 12:54 AM

Robots could replace as many as 20 million manufacturing jobs worldwide by 2030, says U.K.-based Oxford Economics Ltd.

Apple Buys Autonomous-Driving Startup Drive.ai

June 26, 2019 at 12:09 AM

Apple Inc. confirms it has acquired Drive.ai, a struggling Silicon Valley-based developer of artificial intelligence-based software for self-driving vehicles.

UPDATE: Nissan CEO Pledges to Help Fix Renault Alliance

June 25, 2019 at 12:02 PM

Nissan Motor Co. CEO Hiroto Saikawa has assured shareholders that the company will seek ways to repair its alliance with Renault SA, according to Bloomberg News.

Trade Fears Temper Optimism Among U.S. Manufacturers

June 25, 2019 at 12:49 AM

Worries about sweeping U.S. tariffs on imported cars and uncertainties about trade deals eroded optimism among U.S. producers in April-June, says the National Assn. of Manufacturers.

Key Meetings May Revive Renault, FCA Merger Talks

June 24, 2019 at 11:46 AM

Whether Renault and Fiat Chrysler Automobiles revive merger talks could hinge on the outcome of two meetings this week over Nissan’s view of the deal, The Wall Street Journal says.

Mitsubishi Motors to Sell Stake in Chinese Engine Venture

June 24, 2019 at 1:44 AM

Mitsubishi Motors Corp. intends to sell its 15% stake in China-based Harbin Dongan Auto Engine Co. by March, according to The Nikkei.

SAIC to Assemble MG-Brand Cars in Egypt

June 21, 2019 at 10:48 AM

China’s SAIC Motor Corp. plans to both import and locally assemble MG-brand cars in Egypt.