Business

VW Combines Operations in India

April 08, 2019 at 11:17 AM

Volkswagen AG has integrated its three business operations in India into a single entity called Volkswagen Group India.

Factory Incentives Offset Operating Losses for U.S. Dealers

April 08, 2019 at 2:41 AM

New-car dealers in the U.S. swung to an average operating loss in 2018 for the first time in at least a decade.

Report: Hyundai, Tencent Partner on Software for Autonomy

April 08, 2019 at 1:44 AM

Hyundai Motor Co. and China’s Tencent Holdings Ltd. have tentatively agreed to co-develop software for self-driving vehicles, sources tell South Korea’s Maeil business daily.

Denso to Invest $1.6 Billion in Electrified Products

April 05, 2019 at 11:24 AM

Denso Corp. plans to invest 180 billion yen ($1.6 billion) over the next three years to support the development and production of components and technologies for electrified vehicles.

UPDATE: BMW Gives ZF Its Biggest Order Ever

April 04, 2019 at 8:11 AM

ZF Friedrichshafen AG says it has received a multi-billion-dollar order from BMW AG for its next-generation, 8-speed automatic transmission.

Renault Trims Board, Director Compensation Scheme

April 03, 2019 at 1:15 PM

Renault SA intends to streamline its board and sharply reduce member compensation, effective June 12.

Lear Buys Telematics Software Company

April 02, 2019 at 9:02 AM

Lear Corp. has agreed to acquire Xevo Inc., a Seattle-based software supplier of telematics systems, for $320 million.

Conti Buys Anti-Vibration Unit from Cooper Standard

April 02, 2019 at 12:10 AM

Cooper-Standard Holdings Inc. has completed the sale of its anti-vibration systems unit to Continental AG in a deal worth $266 million.

Report: Ghosn, Saikawa Mulled 4th Partner in Renault-Nissan Alliance

April 01, 2019 at 4:37 PM

Last autumn Nissan Motor Co.’s chairman and CEO were considering whether to add a fourth company to the Renault-Nissan-Mitsubishi alliance, says Bloomberg News.

Report: FCA, PSA May Collaborate on EV Platform

April 01, 2019 at 1:50 AM

Fiat Chrysler Automobiles NV and FCA Group may develop a shared chassis for electric cars and could announce formal talks in June, sources tell Bloomberg News.

Report: Nio Blocked IPO Banks from Rival EV Makers

March 29, 2019 at 4:02 PM

China-based electric-car developer Nio Inc. blocked the eight investment banks that handled its initial public offering from working with rival EV companies.

Daimler Trucks Buys Majority Stake in Torc Robotics

March 29, 2019 at 3:18 PM

Daimler AG’s commercial truck unit has purchased a controlling stake in Torc Robotics Inc., a Virginia-based developer of autonomy driving technology.