Business

FCA, Renault Ponder Merger

May 27, 2019 at 1:08 AM

Fiat Chrysler Automobiles NV confirms it has proposed a merger with Renault SA that would combine the two companies under a Dutch holding company equally owned by each partner’s shareholders.

Aurora Buys Lidar Specialist Blackmore

May 24, 2019 at 7:22 AM

Silicon Valley-based self-driving-car startup Aurora Innovation Inc. has acquired Blackmore Sensors and Analytics Inc., a Montana-based developer of lidar sensors.

France: Renault-Nissan Alliance Must Change or Die

May 24, 2019 at 12:55 AM

The Renault-Nissan-Mitsubishi alliance is unsustainable without changes in structure, declares Bruno Le Maire, France’s minister of the economy and finance.

Global Auto Industry Shedding at Least 38,000 Jobs

May 23, 2019 at 10:04 AM

The world’s major carmakers have announced plans within the past six months to trim at least 38,000 hourly and salaried jobs, and more cuts may be on the way, says Bloomberg News.

FCA Targets Growth in Brazil

May 23, 2019 at 9:26 AM

Fiat Chrysler Automobiles NV is expanding production capacity in Brazil and plans to launch 25 new, freshened or specialty models in the country through 2024.

NASCAR Agrees to Buy Daytona Race Track Owner

May 23, 2019 at 3:09 AM

Stock car racing’s NASCAR organization has agreed to take control of International Speedway Corp. in a deal worth $2 billion.

Report: Apple Offered to Buy Tesla in 2013

May 22, 2019 at 11:27 AM

Apple Inc. offered to buy Tesla Inc. at $240 per share in 2013, a Wall Street analyst tells MSNBC’s “Squawk Box” financial television show.

Trade Tensions Delay GAC’s U.S. Launch Plans

May 22, 2019 at 9:59 AM

China’s Guangzhou Automobile Group Co., which had aimed to begin shipping vehicles to the U.S. next year, is putting those plans on hold.

Daimler, Geely Launch Mobility Services Venture in China

May 21, 2019 at 1:26 PM

Daimler AG and Zhejiang Geely Holding Group have formed a new company to sell mobility services in China.

Brose Plans $335 Million Expansion in China

May 21, 2019 at 11:39 AM

Brose Group says it will spend €300 million in China on products and equipment over the next three years.

Report: Daimler Targets 20% Cut in Administrative Costs

May 20, 2019 at 4:01 PM

Ola Kallenius, who will take over as CEO of Daimler AG on May 22 when Dieter Zetsche retires, aims to slash the company’s central administrative costs by 20%, sources tell Handelsblatt.

Ford Will Have Shed 7,000 Salaried Jobs by August

May 20, 2019 at 12:16 PM

Ford Motor Co. will cut its worldwide white-collar staff by 7,000 people, or about 10%, by August, The Detroit News reports, citing an internal memo.