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France Confirms It Will Sell 5% Stake in Renault
7/31/2015The French government says it plans next spring to sell the 5% additional stake it acquired in Renault SA in April.
Cyber Security Expert Hacks into GM’s OnStar System
7/31/2015A friendly "white-hat" hacker says he can identify, locate, unlock and remotely start vehicles equipped with General Motors Co.'s OnStar telematics service.
Four-Turbo Diesel Next Up for BMW?
7/30/2015BMW AG is working on a new diesel boosting system that would integrate four turbochargers, according to a report in Bimmer Today.
GM Workers in Korea Approve Labor Contract
7/30/2015Union workers in South Korea have approved a one-year labor agreement with General Motors Co. by a 55% margin, Reuters reports.
Average Age of Light Vehicles in U.S. Reaches 11.5 Years
7/30/2015Registrations of cars and light trucks in the U.S. rose 2% to a record 257.9 million vehicles at the end of 2014, and their average age lengthened to a record 11.5 years, according to market analysts at IHS Automotive.
Uber Debuts Its Own Car Leasing Unit
7/30/2015Uber Technologies Inc. is testing a new in-house leasing program intended to help would-be drivers participate in the company's uberX car-hailing service.
Delphi Beefs Up Connected-Car Portfolio with Acquisitions
7/30/2015Delphi Automotive plc on Thursday announced several deals designed to bolster its electronics, active safety and connected vehicle capabilities.
U.S. Drives 69% Jump in FCA’s Quarterly Profit
7/30/2015Fiat Chrysler Automobiles NV reports its net profit in the second quarter of 2015 climbed to €333 million ($364 million) from €197 million in the same period last year.
Volvo Truck Profit Doubles in Second Quarter
7/30/2015Cost-cutting efforts helped push net profits at AB Volvo to 5.2 billion kronor (€546 million) in April-June from 2.5 billion kronor in the same period last year.
Renault Revenue, Earnings Rise
7/30/2015Renault Group increased revenue 12% to €22.2 billion and hiked its operating profit 47% to nearly €1.1 billion in the first half of 2015.