NEWS

Toyota Calls Management Shuffle a “Now-or-Never” Move

11/28/2017

Toyota Motor Corp.’s latest management overhaul is “about surviving or dying” in a rapidly changing auto industry, says President Akio Toyoda.

Alfa Romeo Giulia, Ford F-150, Honda CR-V Named Motor Trend Top Vehicles

11/28/2017

Motor Trend has selected the Alfa Romeo Giulia sedan, Ford F-150 pickup and Honda CR-V crossover as its Car, Truck and SUV of the Year, respectively.

Mercedes Teams Vans and Drones for Package Delivery Tests

11/28/2017

Daimler AG’s Mercedes-Benz unit has completed a three-week pilot program that used drones to fly packages from a logistic center to vans, which then completed delivery to customers.

Carmakers Focus on NAFTA Local Content Rules During Pence Meeting

11/28/2017

On Monday U.S. carmakers repeated their concerns to Vice President Mike Pence about how proposed changes to the North American Free Trade Agreement are likely to impact profits and jobs.

Toray Admits Falsifying Quality Data on Carbon Fiber

11/28/2017

Carbon fiber supplier Toray Industries Inc. is the latest Japanese company to admit it has been falsifying data about the quality of its products, the Financial Times reports.

EV Startup Faraday Future Faces New Financial Hurdle

11/28/2017

Electric-car startup Faraday Future Inc. faces a December deadline to raise $500 million in new funding to avoid an immediate call on a previous $400 million convertible note, sources tell Bloomberg News.

REPORT: PSA Hikes Imports of Chinese-Made Gasoline Engines

11/27/2017

PSA Group has boosted plans to import gasoline engines from China more than 80% to 100,000 units by May 2018, according to Les Echos.

VW Ponders Commercial Vehicle Venture in China

11/27/2017

Volkswagen AG says it may add commercial vehicles to a electric-car joint venture it launched in May with China’s Anhui Jianghuai Automobile Co. (JAC Motors).

Ford Opens Proving Ground in China

11/27/2017

Ford Motor Co. has opened a $100 million proving ground in Nanjing, China.

PSA Readies Van Production in Russia

11/27/2017

PSA Group intends to begin assembling midsize commercial vans in the first quarter of 2018 at its factory in Kaluga, Russia.