Business

Faurecia, Wuling Launch Partsmaking Venture in China

October 29, 2018 at 12:16 AM

Faurecia SA and Liuzhou Wuling Automotive Industry Co. have formed a company to supply automotive emission control systems in China.

France Asks Carmakers to Help Pay for Scrappage Scheme

October 29, 2018 at 12:00 AM

The French government will ask carmakers to help fund its 10-month-old scrappage program for old cars.

Ford Accelerates Partnership Talks with VW

October 26, 2018 at 9:45 AM

Ford Motor Co. tells Bloomberg News it is in “very broad” discussions with Volkswagen AG about collaborating on technology, small cars and market development worldwide.

Faurecia to Buy Controlling Stake in Audio Supplier Clarion?

October 26, 2018 at 12:40 AM

France’s Faurecia SA reportedly plans to take a majority stake in Japanese audio and navigation system supplier Clarion Co. Ltd.

VW to Take Stake in Waymo?

October 25, 2018 at 2:39 PM

Volkswagen AG may buy a 10% stake in Alphabet Inc.’s Waymo self-driving unit and partner with the company on mobility services in Europe, sources tell Germany’s Manager Magazin.

Daimler, Geely Plan Ride-Hailing Service in China

October 24, 2018 at 11:35 AM

Daimler AG and Geely Group have formed a 50:50 venture to introduce their own ride-hailing service in China, Reuters reports.

Volvo Invests in Mobile Charging Specialist

October 24, 2018 at 10:56 AM

Volvo Car Corp. has acquired an unspecified stake in FreeWire Technologies Inc., a San Leandro, Calif.-based company that specializes in mobile fast-charging systems for electric vehicles.

Ford Makes China Operations a Stand-Alone Business Unit

October 24, 2018 at 12:27 AM

Ford Motor Co. has restructured its global operations, promoting China to its own business unit that reports directly to headquarters.

Mazda, Toyota May Merge Finance Units

October 23, 2018 at 5:32 PM

Mazda Motor Corp. and Toyota Motor Corp. reportedly are studying a plan to merge their captive finance units.

Lyft Buys British Developer of AR Tech

October 23, 2018 at 3:57 PM

U.S. ride-hailing service Lyft Inc. has acquired British startup Blue Vision Labs to bolster its efforts to develop services involving self-driving vehicles.

Caterpillar Invests in Fisker

October 23, 2018 at 12:45 PM

Caterpillar Inc.’s venture capital subsidiary has made an unspecified investment in California-based electric vehicle startup Fisker Inc.

Faraday Future Cuts Staff, Wages

October 23, 2018 at 1:03 AM

Struggling California electric car startup Faraday Future Inc. says it will lay off an unspecified number of employees, and those who remain will take 20% pay cuts.