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Montezemolo Resigns at Ferrari
9/11/2014Luca di Montezemolo will step down as chairman of Ferrari SpA on Oct. 13 after a dispute over the supercar company's strategy.
Ford Debuts Automatic Unpark Feature
9/11/2014Ford Motor Co. is expanding the capabilities of its automated parallel parking system to include automatic extraction from a parking space.
Report: Toyota Ponders Auto Plant in Mexico
9/11/2014Toyota Motor Corp. has launched a search in Mexico for a possible car assembly plant there, sources tell Bloomberg News.
Researchers Say Nav Tool Can Cut EV Energy Use 51%
9/11/2014Electric car drivers could lower their energy use in half by opting for the fastest route recommended by their in-car navigation system, according to researchers at the University of California, Riverside.
Denso to Close Australian Unit
9/11/2014Denso Corp. is shutting down its 25-year-old automotive systems unit in Australia because its customers there are abandoning local production.
Hertz Investors Want Penske on Board
9/11/2014At least two large investors in Hertz Global Holdings Inc. are urging the new chairwoman of the troubled rental car company to beef up its board by adding Roger Penske and two former rental car company CEOs, Bloomberg News reports.
Subaru Boosts U.S. Sales Forecast
9/10/2014Fuji Heavy Industries' Subaru unit predicts it will sell 500,000 vehicles in the American market this year, setting its third consecutive record in the market.
Mercedes-Benz Restructures Manufacturing Operations
9/10/2014Daimler AG's Mercedes-Benz Cars unit is scrapping its autonomous factory production system and adopting a leaner architecture based on vehicle platforms and powertrain systems.
Visteon Could Split into Two Companies
9/10/2014Visteon Corp.'s board is studying a plan that would turn the supplier into two companies, one for electronics and one for climate control systems, according to Bloomberg News.
Federal-Mogul to Buy TRW’s Engine Valve Business
9/10/2014TRW Automotive Holdings Corp. has agreed to sell its engine valve business for $385 million in cash to Federal-Mogul Holdings Corp.