Rimac Lands $90 Million from Hyundai/Kia

May 14, 2019 at 10:21 AM

Hyundai Motor Co. and its Kia Motors Corp. affiliate are investing a combined €80 million ($90 million) in Croatian electric vehicle specialist Rimac Automobili.

Report: Ford May Cut 550 Jobs in U.K.

May 13, 2019 at 1:35 PM

Ford Motor Co. may eliminate as many as 550 jobs in the U.K. as part of a broader restructuring plan for the carmaker’s European operations, according to Bloomberg News.

ZF Buys Imaging Specialist

May 13, 2019 at 12:14 PM

ZF Friedrichshafen AG is acquiring 90% of Simi Reality Motion Systems GmbH, a German developer of imaging software that ZF plans to integrate with its occupant restraint systems. 

China’s BAIC Aims to Buy Stake in Daimler

May 13, 2019 at 12:06 AM

Chinese carmaker BAIC Group intends to acquire 4%-5% of Daimler AG as a way to defend its investment in the company’s Beijing Benz Automotive venture with the German carmaker, sources tell Reuters.

Calsonic, Magneti Marelli Merger Yields New Name

May 10, 2019 at 1:25 PM

Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.

Possible Buyer for GM Plant Faces Stiff Hurdles

May 09, 2019 at 2:46 PM

Workhorse Group, the tiny electric-vehicle maker in talks to buy General Motors Co.’s assembly plant in Lordstown, Ohio, may not be financially viable, the Financial Times reports.

Tata Denies Plans to Sell Jaguar Land Rover to PSA

May 09, 2019 at 1:05 PM

Tata Motors Ltd. says there is “no truth” in a British media report that the company is poised to sell its Jaguar Land Rover unit to PSA Group.

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.