NEWS

Report: Daimler Targets $9 Billion in Cost Cuts by 2021

4/18/2019

Daimler AG aims to achieve €8 billion ($9 billion) in combined cost savings from its passenger car and commercial truck operations by 2021, sources tell Manager Magazin.

Mahindra, Ford Sign SUV Deal for Indian Market

4/18/2019

Ford Motor Co. and Mahindra & Mahindra Ltd. have agreed to co-develop a midsize SUV to sell in India and emerging markets.

PSA May Move U.K. Astra Production to Germany

4/18/2019

PSA Group is near a decision shift as much as 75% of its output of Opel Astra small cars from the Ellesmere Port, England, to Russelsheim, Germany.

FCA’s Minivan Plant to Get $262 Million investment

4/18/2019

Fiat Chrysler Automobiles NV plans to spend $262 million this year to prepare its minivan plant in Windsor, Ont., for a “future product,” according to Unifor union President Jerry Dias.

Uber’s Self-Driving Tech Unit Worth $7.3 Billion?

4/17/2019

Uber Technologies Inc.’s autonomous-car unit would be valued at $7.3 billion under a proposed new investment deal.

Ford to Add “Affordable” Model by 2022

4/17/2019

Ford Motor Co. is developing an all-new “affordable” model it plans to introduce by 2022.

Entry-Level Hyundai Crossover Takes Shape

4/17/2019

Hyundai Motor Co. unveiled the all-new Venue small crossover vehicle at this week’s New York auto show.

GM’s Entry-Level Baojun Brand in China Expands Upmarket

4/17/2019

General Motors and partners SAIC and Guangxi Automobile are expanding their entry-level Baojun brand in China upmarket with fancier models, a revamped logo and updated dealer showrooms.

Mitsubishi Aims to Double U.S. Sales

4/17/2019

Mitsubishi Motors Corp. plans to double its U.S. sales in coming years through the introduction of new vehicles and expanding its dealer network.

Report: Apple in Talks with Vehicle Sensor Suppliers

4/17/2019

Apple Inc. has discussed possible deals with at least four companies to supply next-generation lidar sensors used in self-driving vehicles, sources tell Reuters.