NEWS

Report: Toyota, Suzuki Close to Final Tech Deal

2/3/2017

Toyota Motor Corp. and Suzuki Motor Corp. are close to agreement about partnering on technology, including systems used by autonomous vehicles, according to The Nikkei.

GM Patents its Own Tailgate “Man Step”

2/3/2017

General Motors Co., which once mocked Ford Motor Co. for offering a “man step” for the F-150 pickup, has patented its own retractable step to help users climb into a truck bed.

Hyundai Ponders Car and Truck Venture in Pakistan

2/3/2017

Hyundai Motor Co. is studying the feasibility of a partnership in Pakistan to assemble cars and light-duty commercial trucks with Nishat Group and trading services provider Sojitz Corp., Bloomberg News reports.

Ex-Chairman Piech Testifies to Prosecutors in VW Diesel Scandal

2/3/2017

Ferdinand Piech, the Volkswagen AG who left in 2015 after losing a power struggle with CEO Martin Winterkorn, has testified to prosecutors about Winterkorn’s involvement in the carmaker’s diesel emission cheating scandal.

Hyundai to Unveil Sporty Elantra GT at Chicago Auto Show

2/3/2017

Hyundai Motor Co. will take the wraps off the 2018 Elantra GT next week at the Chicago auto show.

Indonesia’s Recovering Car Market May Stall

2/3/2017

Demand for passenger vehicles in Indonesia is likely to drop to a three-year low in the first half of 2017, the Financial Times predicts.

Honda Hikes Outlook as Earnings Jump 36%

2/3/2017

Honda Motor Co. netted 169 billion yen ($1.5 billion) in its fiscal third quarter ended Dec. 31, up 36% from the same period in 2015.

Tenneco Names Kesseler as CEO

2/3/2017

Brian Kesseler, Tenneco Inc.’s chief operating officer for the past two years, will take over as CEO on May 17.

Daimler Confirms Review of Nissan Venture in Mexico

2/3/2017

Daimler CEO Dieter Zetsche tells reporters that “question marks” have arisen about plans for the company and Nissan Motor Co. to share a small-car platform to carry Mercedes-Benz and Infiniti luxury vehicles.

China’s JAC Joins Mexican SUV Venture

2/3/2017

China’s Jianghuai Automobile Co. is setting up a production beachhead in North America through a new joint venture with Mexican assembler Giant Motors Latinoamerica SA and vehicle distributor Chori Co.