NEWS

Mercedes Revs Up EV Plans

3/29/2017

Daimler AG’s Mercedes-Benz unit says it will introduce 10 new electric cars and crossover vehicles by 2022, three years earlier than originally planned.

Webasto To Open 11th Factory in China

3/29/2017

Munich-based Webasto SE has finalized a deal to build its 11th factory in Wuhan, China, to produce automotive sunroofs, sources tell the Xinhua news service.

Audi Targets 50% SUV Sales Ratio

3/29/2017

Audi AG says SUV/crossovers could eventually account for half the brand’s global sales, up from 33% in 2016.

Hyundai Workers in Czech Republic to Get 12% Pay Hike

3/28/2017

Hyundai Motor Co. says it will boost the average pay of its hourly workers in Nosovice, Czech Republic, by 12% over the next two years, Reuters reports.

VW Backs Board's Handling of Diesel Emission Scandal

3/28/2017

Volkswagen AG’s supervisor board says the company’s management board properly investigated the group’s diesel emission cheating scandal and should now turn to reorganizing the company.

Eaton Names Faria to Head Vehicle Group

3/28/2017

Joao Faria has been named president of Eaton Corp.’s Vehicle Group, effective May 1.

Police Stop Plot to Steal Body of Enzo Ferrari

3/28/2017

A plot to steal the body of Enzo Ferrari from his grave has been thwarted, Italian police officials announced on Tuesday.

Dayco Touts Streamlined Vacuum Generation Unit

3/28/2017

Troy, Mich.-based Dayco Products LLC says its new vacuum generation system is lighter, less expensive and more efficient than conventional mechanical and electrical vacuum pumps.

GM Asked to Create Two Classes of Common Stock

3/28/2017

Activist investor David Einhorn says General Motors Co. should bolster its stock price by dividing its common shares into two types.

Acura TLX Gets New Corporate Face

3/28/2017

Honda Motor Co. is giving its upscale Acura TLX sedan a midcycle makeover that includes a redesigned front end based on the luxury division's latest styling.