Russia Extends Sales Incentives to Help Auto Industry
12/30/2015The 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
12/30/2015Bridgestone 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
12/29/2015BMW 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
12/29/2015Britain'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
12/29/2015Japan’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
12/29/2015The editors of Truck Trends selected the GMC Sierra 1500 Denali as the 2016 Pickup Truck of the Year.
Icahn Hikes Bid for Pep Boys
12/29/2015A 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
12/28/2015Manfred 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
12/28/2015Hyundai 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?
12/28/2015BMW 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.