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VW to Train Young Engineers to Help It Launch Future EVs
6/4/2018Volkswagen AG is launching a global manufacturing training program for young engineers to prepare for the wave of electrified vehicles the company plans to launch in coming years.
IAC Names Rea as Interim CEO
6/4/2018International Automotive Components Group LLC has named investor Natale Rea as its president and interim CEO, effective immediately.
Chinese Startup Aims to Launch 2-Wheel EV in 2020
6/4/2018Beijing Lingyun Intelligent Technology Co. is developing a two-wheel electric city car that the company plans to introduce in China early next decade, Bloomberg News reports.
RV Maker Winnebago Buys Boat Builder Chris-Craft
6/4/2018Winnebago Industries Inc. has acquired recreational boat builder Chris-Craft.
Classic Ferrari GTO Sells for Record $69 Million
6/4/2018A 1963 Ferrari 250 GTO has been sold for a record £52 million ($69 million), shattering the previous known top price: £31 million ($41 million) for another Ferrari 250 in 2014.
GM to Fix Flaw That Switches Off Airbags
6/4/2018General Motors Co. is preparing to call back 88,100 of its 2018 model GMC Terrain SUVs in the U.S. to fix a flaw that could prevent the airbags from working in a crash.
Kia Recalls 106,400 Minivans with Defective Sliding Doors
6/4/2018Kia Motors Inc. is recalling 106,400 of its Sedona minivans in the U.S. because their power sliding side doors may not auto-reverse if they encounter an obstruction.
Marchionne: No Plans to Revive Viper Sports Car
6/4/2018Fiat Chrysler Automobiles NV denies a report that it will resurrect the Dodge Viper sports car as early as 2020.
Feng Succeeds Gales as CEO at Lotus
6/4/2018Zhejiang Geely Holding Group Co. has named Feng Qingfeng to succeed Jean-Marc Gales as CEO of the company’s Lotus plc unit.
Hyundai May Subcontract Some Vehicle Production
6/4/2018Hyundai Motor Co. may invest in a vehicle assembly plant in Gwangju, South Korea, that would be operated by a contractor.