Autoliv Cuts Outlook as Profits Plummet

July 19, 2019 at 10:22 AM

Swedish safety systems supplier Autoliv Inc. has slashed its outlook for 2019 after the company’s second-quarter net income plunged 43%.

BMW Names Zipse as New CEO

July 18, 2019 at 3:57 PM

Oliver Zipse has been named BMW AG’s new CEO, effective Aug. 16. His selection was widely expected.

Lotus Outlines Production Plans

July 18, 2019 at 1:24 PM

Group Lotus plc ponders major increases in production, including mass-market vehicles built in China.

Zetsche Faces Challenge to Daimler Chairmanship

July 18, 2019 at 12:36 PM

Former Daimler CEO Dieter Zetsche faces opposition to becoming chairman from key investors who blame him for the company’s problems.

Report: New Ford Crossover to Replace 3 European Models

July 18, 2019 at 10:41 AM

Ford Motor Co. will replace its current Mondeo midsize car and S-Max and Galaxy MPVs in Europe with an all-new midsize crossover, Autocar reports.

Pierburg Develops Multi-Use Coolant Valve

July 18, 2019 at 9:53 AM

Rheinmetall Automotive AG’s Pierburg GmbH unit says it has developed a cooling valve that can be used in vehicles with a piston engine or fully electric powertrain.

Volvo Deepens Cost-Cutting as Profits Plunge

July 18, 2019 at 1:46 AM

Volvo Car Corp. reports higher unit sales and revenue in the second quarter, but tariffs and pricing pressure caused profits to plunge.

EU's Choice of Electrified Cars to Triple in 2 Years

July 18, 2019 at 1:12 AM

Car buyers in Europe will be able to choose from 2014 hybrid and all-electric models by 2021, up from 60 last year, says the European Federation for Transport and Environment.

Ford Will Add 1,200 Jobs in South Africa

July 17, 2019 at 4:43 PM

Ford Motor Co. is hiring 1,200 people to add a third production shift at its assembly plant outside Pretoria, South Africa.

ZF Touts 2-Speed Electric Drive System

July 17, 2019 at 4:04 PM

Germany’s ZF Friedrichshafen AG says its new 2-speed electric drive is more efficient than current single-speed units.

SKF’s Operating Profit Drops 13%

July 17, 2019 at 1:42 PM

Swedish bearings maker SKF Group says restructuring costs caused its operating profit in April-June to fall 13% to 2.5 billion kronor ($271 million).

All Future Lotus Models to Get EV Variant

July 17, 2019 at 11:27 AM

Group Lotus plc, which unveiled its first all-electric model this week, plans to offer electric variants of all future vehicles.