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U.S. Economy Expands 3.5% in Third Quarter
10/26/2018The U.S. economy grew by an annualized 3.5% in the third quarter, according to preliminary data from the Dept. of Commerce.
Net Profit Plunges 55% for Volvo Cars
10/26/2018Volvo Car Group's third-quarter revenue rose 18% to $621 million. But net income plummeted 55% to $120 million.
Report: Honda May Move Fit Production from Mexico to Japan
10/26/2018Honda Motor Co. reportedly may supply the U.S. market with Fit small cars from Japan rather than Mexico.
Ford Accelerates Partnership Talks with VW
10/26/2018Ford Motor Co. tells Bloomberg News it is in “very broad” discussions with Volkswagen AG about collaborating on technology, small cars and market development worldwide.
GM to Propose Nationwide EV Initiative
10/26/2018General Motors Co. is expected to propose today that the U.S. order carmakers to sell increasing numbers of EVs each year, beginning in 2021.
Faurecia to Buy Controlling Stake in Audio Supplier Clarion?
10/26/2018France’s Faurecia SA reportedly plans to take a majority stake in Japanese audio and navigation system supplier Clarion Co. Ltd.
BorgWarner Posts 10% Earning Hike
10/25/2018BorgWarner Inc.’s third quarter revenue and net income rose 3% to $2.5 billion and 10% to $204 million, respectively.
VW Unveils T-Cross SUV
10/25/2018Volkswagen AG’s namesake brand took the wraps off its tiny T-Cross SUV/crossover vehicle on Thursday at multiple events around the world.
Chevy Blazer Tapped for Next EcoCar Challenge
10/25/2018Student teams from 12 universities will modify a 2019 Chevrolet Blazer crossover vehicle in the next EcoCar Challenge.
VW to Take Stake in Waymo?
10/25/2018Volkswagen AG may buy a 10% stake in Alphabet Inc.’s Waymo self-driving unit and partner with the company on mobility services in Europe, sources tell Germany’s Manager Magazin.