Business

ZF Buys Stake in German Engineering Firm

October 22, 2018 at 2:51 PM

ZF Friedrichshafen AG has acquired a 35% stake in ASAP Holding GmbH, an engineering services company based in Gaimersheim, Germany.

GM Korea Research Spinoff Sparks Plans for Strike, Lawsuit

October 22, 2018 at 10:57 AM

A decision by GM Korea to spin off its r&d unit has prompted threats of a strike by its labor union and a lawsuit by its second-largest shareholder to nullify to plan.

FCA Sells Magneti Marelli to Calsonic Kansei

October 22, 2018 at 12:16 AM

Fiat Chrysler Automobiles NV has struck a deal to sell its Magneti Marelli partsmaking business to Japan’s Calsonic Kansei Corp.

Dura Automotive for Sale?

October 19, 2018 at 1:58 PM

Driver controls supplier Dura Automotive Systems Inc. is being shopped by owner Patriarch Partners LLC in a sale that could fetch $1 billion, sources tell Bloomberg News.

Lynk Reveals Concept Racer

October 19, 2018 at 11:33 AM

Geely Automobile Holding Co.’s Lynk & Co. unit will supply cars to Cyan Racing next year for use in the FIA World Touring Car (WTC) series.

LG Chem Launches “Battery Challenge” for Startups

October 19, 2018 at 10:41 AM

South Korea’s LG Chem Ltd. is holding an innovation contest for startup companies developing next-generation battery technologies.

GM Faces Fight Over Plan to Spin Off Korean R&D Center

October 18, 2018 at 2:23 PM

General Motors Co. could face legal action over its plan to separate a research center in South Korea from its GM Korea operations.

Advance Auto Parts Inks Deal with Walmart

October 17, 2018 at 4:39 PM

A new partnership between Advance Auto Parts Inc. and Walmart Inc. will enable the aftermarket retailer to sell parts online through Walmart.com.

Ford, Mahindra to Share Powertrain, Connectivity Tech

October 17, 2018 at 2:04 PM

Ford Motor Co. and Mahindra Group will share powertrain and vehicle connectivity products under separate agreements.

VW: German Auto Industry Faces 50:50 Chance of Fading

October 17, 2018 at 12:53 PM

Germany’s auto industry has a 50% chance of fading from prominence unless it faces up to new regulations and the need to overhaul its supply chains, warns Volkswagen brand CEO Herbert Diess.

Uber May Spin Off Autonomous Car Unit

October 17, 2018 at 11:47 AM

Ride-hailing service Uber Technologies Inc. is pondering a move to spin off its self-driving-car development unit, sources tell the Financial Times.

Renault, Brilliance China JV to Include 3 EVs

October 17, 2018 at 10:35 AM

Renault-Brilliance-Jinbei Automotive Co. plans to launch seven electric light commercial vehicles—including three all-electric models—over the next two years in China.