Business

Tesla Buys Ultracapacitor Supplier

February 04, 2019 at 11:19 AM

Tesla Inc. has agreed to purchase Maxwell Technologies, a San Diego-based company that specializes in ultracapacitor technology, for $218 million.

Wards Drops Weekly Reports Newsletter after 95 Years

February 04, 2019 at 10:18 AM

WardsAuto has stopped publishing its weekly Ward's Automotive Reports, which was launched in 1924.

Going Ambidextrous

February 04, 2019 at 2:12 AM

Carmakers and suppliers are struggling to manage their traditional business while moving into new-mobility operations with entirely different cultures and practices, says SRI International advisor Clay Phillips.

GM Begins Salaries Layoffs

February 04, 2019 at 12:07 AM

General Motors Co. is expected to begin a process today to eliminate roughly 8,000 salaried positions in North America, sources tell Automotive News.

GM May Spend $2.5 Billion for Tax Breaks in Brazil

February 01, 2019 at 1:46 PM

General Motors Co. may invest 9 billion reais ($2.5 billion) in Sao Paulo, Brazil, through 2022 in exchange for future tax breaks, according to Valor Economico, Brazil’s largest financial newspaper.

Infiniti to Exit Europe?

February 01, 2019 at 12:50 PM

Nissan Motor Co.’s upscale Infiniti brand may soon discontinue sales in Europe, AutoActu says.

Mitsubishi Rules Out Alliance Holding Company

February 01, 2019 at 12:14 PM

Mitsubishi Motors Corp. CEO Osamu Masuko has sided with Nissan Motor Co. in opposing Renault’s desire to meld the three companies under a single holding company.

Renault, Nissan, Mitsubishi Execs Affirm Alliance

January 31, 2019 at 4:08 PM

The CEOs of Renault, Nissan and Mitsubishi Motors have again affirmed their desire to continue their alliance in the wake of the arrest of Carlos Ghosn, former chairman of all three companies and their partnership.

German Auto Industry Vows to Fight Anti-Car “Crusade”

January 30, 2019 at 3:54 PM

The head of German auto industry lobbying group VDA vows a “louder” opposition to what he calls a “crusade against the car.”

Freudenberg Increases Stake in Battery Company

January 30, 2019 at 7:00 AM

Freudenberg Sealing Technologies has increased its stake in Xalt Energy LLC, a Midland, Mich.-based supplier of lithium-ion batteries, from 31% to more than 50%. 

Mazda Buys Out Ford Stake in Chinese Engine Venture

January 30, 2019 at 12:26 AM

Mazda Motor Corp. has acquired Ford Motor Co.’s 25% stake in a three-way engine-making joint venture in China.

Faurecia Makes Tender Offer for Nav System Supplier Clarion

January 29, 2019 at 1:42 PM

French auto supplier Faurecia SA says it will make a tender offer tomorrow to buy audio and nav system supplier Clarion Co. from Tokyo-based Hitachi Ltd.