Business

Honda to Cut Model Trim Options by Two-Thirds

May 09, 2019 at 2:12 AM

Honda Motor Co. intends to cut costs and hike efficiency by shrinking the number of trim options it offers worldwide by two-thirds by 2025.

Toyota, Panasonic Forming JV for “Connected” Homes, Cars

May 09, 2019 at 1:52 AM

Toyota Motor Corp. and Panasonic Corp. plan to merge their town development businesses in January into a joint venture to develop connected services for homes and vehicles.

BorgWarner Forms JV with Battery Startup

May 08, 2019 at 10:10 AM

BorgWarner Inc. and Romeo Systems Inc., a California-based battery startup, are forming a joint venture to supply integrated battery systems for electrified vehicles.

Meritor Buys Back AxleTech Unit

May 08, 2019 at 9:15 AM

Meritor Inc. has agreed to acquire AxleTech International LLC, which the company divested in 2002, from The Carlyle Group for about $175 million.

Marvell Buys Rival In-Vehicle Ethernet Supplier

May 06, 2019 at 2:41 PM

Santa Clara, Calif.-based Marvell Technology Group Ltd. has agreed to purchase Aquantia Corp., a rival Silicon Valley ethernet specialist, for about $450 million.

Report: VW May Sell MAN Large Diesel Unit

May 06, 2019 at 10:59 AM

Volkswagen Group is testing buyer interest in its MAN Energy Solutions unit, which makes large diesels for ships and stationary power generators.

Ford Swaps Out Expatriate Execs in China

May 06, 2019 at 2:13 AM

Ford Motor Co. is replacing dozens of Western executives in China with local marketing experts in a bid to cut costs and gain more local marketing knowledge.

Mahindra in Running for U.S. Postal Vehicle Contract

May 03, 2019 at 2:10 PM

  India’s Mahindra & Mahindra Ltd. says it will build a second assembly plant in Michigan if it lands a big contract to supply small delivery trucks to the U.S.

FCA Finalizes Magneti Marelli Sale

May 02, 2019 at 2:15 PM

Fiat Chrysler Automobiles NV has completed the sale of its Magneti Marelli SpA parts affiliate to CK Holdings Co.

Former JCI Battery Unit Relaunched as Clarios

May 02, 2019 at 6:59 AM

Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.

Denso Leads $20 Million Funding Round for E-bike Startup

May 02, 2019 at 1:19 AM

Denso Corp. and Innovest Global led a $20 million first funding round for California-based e-bike startup Bond Mobility Inc.

EV Startup Faraday Future Gets Bridge Loan

May 01, 2019 at 12:18 AM

Electric car startup Faraday Future Inc. says it has arranged as much as $225 million in bridge financing to enable it to complete development of its first model.