FCA Reports Record Operating Earnings
10/31/2019Third-quarter revenue at Fiat Chrysler Automobiles NV slipped, and unit sales dropped, but operating profit climbed to a record high.
CEO of Leasing Startup Fair Inc. Steps Down
10/31/2019Scott Painter, who founded short-term leasing company Fair Inc. in 2016, has resigned as CEO but will remain as chairman.
Kia Names New U.S. Chief
10/31/2019Kia Motors Corp. has appointed Michael Cole to head its U.S. operations, effective Nov. 11.
Porsche Confirms 911 Manual Gearbox Option
10/31/2019Porsche AG is introducing a 7-speed manual transmission option on its flagship 911 sports car.
Brexit Returns to Limbo
10/31/2019The U.K. failed to complete its delayed plan to exit the European Union today, leaving the timing of a new deal unclear.
Uber Forms Robo-Taxi Board
10/31/2019Uber Technologies Inc. has created a Self-Driving Safety and Responsibility Board to oversee the company’s Advanced Technology Group.
FCA, PSA Confirm Plan to Merge in 50:50 Deal
10/31/2019Fiat Chrysler Automobiles NV and PSA Group have detailed plans to merge into a new company owned 50:50 by shareholders of the Italian and French carmakers.
Magna Wins Mega BMW Transmission Order
10/31/2019Magna International Inc. says it has received a long-term contract from BMW AG to supply dual-clutch transmissions for 150 of the carmaker’s model variants.
Fisker Names Upcoming EV “Ocean”
10/31/2019California-based electric vehicle maker Fisker Inc. has christened its first model, which will be unveiled in January, the Ocean.
Hyundai Hires Nissan Exec to Head Mexican Unit
10/31/2019Hyundai Motor Co. has named Claudia Marquez to take over as CEO of its Mexico unit on Nov. 1.