NEWS

Henrik Fisker Lawsuit Accuses Aston Martin of Extortion

1/5/2016

Auto designer Henrik Fisker has filed a $100 million lawsuit in the U.S. that claims his former employer, Aston Martin Lagonda Ltd., is illegally pressuring him not to unveil a prototype supercar next week at the Detroit auto show.

U.S. Sues VW for Violating Clean Air Law

1/5/2016

The U.S. Dept. of Justice has filed a civil lawsuit against Volkswagen AG that accuses the carmaker of equipping 600,000 vehicles in the U.S. with software to thwart federal emission rules.

GM Names Barra as Chairman

1/4/2016

General Motors Co. has elected CEO Mary Barra to be its chairman, effective immediately.

TI Automotive Opens New HQ

1/4/2016

TI Automotive Ltd. has moved to new corporate headquarters in Auburn Hills, Mich.

Magna Finalizes Purchase of Getrag

1/4/2016

  Canada’s Magna International Inc. has completed its acquisition of German transmission maker Getrag Group of Companies.

France, Spain Report Sales for 2015

1/4/2016

Sales of new passenger vehicles in France rose 7% to 1.92 million units in 2015, including a 12% jump to 183,700 units in December, according to trade group CCFA.

Hyundai to Increase Output in Czech Republic

1/4/2016

Hyundai Motor Co. says it will hike production 2% to 350,000 vehicles this year at its factory in Nosovice, Czech Republic.

Ford Gets in Sync with Smartphone Interfaces

1/4/2016

Ford Motor Co. says it will offer Apple Inc.’s CarPlay and Google Inc.’s Android Auto smartphone connectivity systems in all its North American 2017 model year vehicles that are equipped with the carmaker’s updated Sync 3 infotainment platform.

Faraday Future’s Battery Designer Quits

1/4/2016

Faraday Future Inc., the California electric-car startup, has lost its chief battery architect, Bloomberg News reports.

GM Invests in Lyft Ride-Share Firm

1/4/2016

General Motors Co. is investing $500 million in Lyft Inc. The deal is part of a $1 billion fund-raising round for the San Francisco-based ride-share service that competes with Uber Technologies Inc.