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Daimler to Build Engine Plant in Poland
5/4/2016Daimler AG will invest about €500 million ($574 million) to construct its first factory in Poland, an engine plant in Jawor.
Delphi’s First-Quarter Income Doubles
5/4/2016Delphi Automotive plc’s net income doubled to $425 million in the first quarter of 2016, aided by sales growth and acquisitions.
EV Charging Company Raises $50 Million
5/4/2016ChargePoint Inc., which claims to be have the world’s largest charging network with more than 28,000 charging spots for electric and plug-in hybrid vehicles, says it has raised an additional $50 million in funding from investors.
10-Speed Transmission, New V-6 to Bow on Next F-150 Pickup
5/4/2016Ford Motor Co. will launch the 10-speed automatic transmission it co-developed with General Motors Co. in certain versions of its 2017 F-150 pickup truck, including the high-performance Raptor variant.
Takata Readies Huge New Airbag Inflator Recall
5/4/2016Takata Corp. plans to recall at least 35 million more of its airbag inflators in the U.S. and may announce the plan as soon as today, according to multiple media reports.
Suzuki to Expand Nexa Dealer Network in India
5/4/2016Maruti Suzuki India Ltd., which opened 100 upscale Nexa dealerships in India in the 12 months ended March 31, aims to expand the network to 250 outlets during the current fiscal year, according to The Nikkei.
Porsche Plans to Bring Panamera Wagon to U.S.
5/4/2016Porsche AG plans to offer a wagon version of its Panamera sedan in the U.S. about two years from now.
Cooper Standard Posts First-Quarter Sales Record
5/4/2016Cooper-Standard Holdings Inc. reports its sales climbed 8% to a record $863 million in January-March.
Ford Expands F-Series Strobe Light Option
5/3/2016Ford Motor Co. is expanding the availability of its factory-installed LED strobe light warning kit, which was launched on the 2016 F-Series Super Duty truck, to all 2017 F-150 models purchased by fleet buyers.
U.S. Car Sales Rose 4% in April
5/3/2016Deliveries of cars and light trucks in the U.S. rose to a record 1.51 million units in April from 1.45 million in the same month last year, Autodata Corp. reports. Sales jumped to a seasonally adjusted annual rate of 17.4 million from 16.8 million in April 2015.