NEWS

Russia Extends Sales Incentives to Help Auto Industry

12/30/2015

The Kremlin will extend its long-running car scrappage program next year with 20 billion rubles ($277 million) in new funding to help bolster sales for Russia’s crumbling auto industry.

Icahn Prevails in Bid for Pep Boys as Bridgestone Bows Out

12/30/2015

Bridgestone Corp. says it won’t counter a $1 billion-plus bid from investor Carl Icahn to acquire auto parts and service chain Pep Boys.

BMW Concept Takes a Hands-Off Approach to User Interfaces

12/29/2015

BMW AG’s concept “Vision Car” features an updated gesture recognition system that allows users to control various functions with hand movements.

TVR Teases New Sports Car

12/29/2015

Britain's TVR Manufacturing Ltd. has released the first image of its upcoming sports car that it plans to launch in 2017.

New Denso Partnership to Develop Image Processing Technology

12/29/2015

Japan’s Denso Corp. has entered into a joint development agreement with Morpho Inc., a Tokyo-based image-processing company, to jointly develop next-generation image-recognition systems.

GMC Sierra Denali Named Top Pickup Truck

12/29/2015

The editors of Truck Trends selected the GMC Sierra 1500 Denali as the 2016 Pickup Truck of the Year.

Icahn Hikes Bid for Pep Boys

12/29/2015

A determined Carl Icahn has offered to acquire Pep Boys for $18.50 per share, significantly above the $17 per share bid by Bridgestone Corp. that was favored by the auto parts and service chain late last week.

Hyundai Hires Former Lambo Exec to Lead Genesis Brand Strategy

12/28/2015

Manfred Fitzgerald, a former head of brand and design for Automobil Lamborghini Holding SpA, is joining Hyundai Motor Co. to head global strategy for the South Korean company’s Genesis luxury brand.

Hyundai Sonata Finally Gets Apple CarPlay System

12/28/2015

Hyundai Motor Co. will make Apple Inc.’s CarPlay smartphone interface available to buyers of 2016 Sonata midsize cars early next year.

Turbo-4 BMW 7 Series Headed to China?

12/28/2015

BMW AG plans to offer a turbocharged 2.0-liter four-cylinder engine in the base 730Li version of its long-wheelbase 7 Series luxury sedan in China next year.