NEWS

FCA Reports Record Operating Earnings

10/31/2019

Third-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

10/31/2019

Scott 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

10/31/2019

Kia Motors Corp. has appointed Michael Cole to head its U.S. operations, effective Nov. 11.

Porsche Confirms 911 Manual Gearbox Option

10/31/2019

Porsche AG is introducing a 7-speed manual transmission option on its flagship 911 sports car.

Brexit Returns to Limbo

10/31/2019

The 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

10/31/2019

Uber 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

10/31/2019

Fiat 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

10/31/2019

Magna 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”

10/31/2019

California-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

10/31/2019

Hyundai Motor Co. has named Claudia Marquez to take over as CEO of its Mexico unit on Nov. 1.