Haldex cautioned on profits after reporting a fall in second-quarter earnings and said uncertainty created by a takeover sought by rival Knorr-Bremse was hurting business
BorgWarner agreed to acquire British supplier Sevcon for an estimated $200 million in a deal that adds more electric vehicle technology to the supplier’s vehicle-propulsion engineering and product portfolio.
Kelley Blue Book, in its new ad campaign, is trying to tell customers that it can do more than give them the fair market value for their vehicle.
Mazda is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall.
Faraday Future, the electric-vehicle startup backed by LeEco founder Jia Yueting, halted plans to build a $1 billion factory in Nevada as the troubled tycoon fights for the survival of his Chinese car business.
Assembly of the seventh-generation BMW 5 series began in November 2016 at the automaker’s factory in Dingolfing, Germany. Output is expected to peak at more than 180,000 units this year, according to IHS Automotive.
Musk rockets to top in CEO pay; Honda confirms death of person repairing car equipped with Takata inflator; Feinberg moving on to FCA?; Subaru in passing lane; Confident in Camry
Cooper-Standard expects to double China revenues by 2021 by expanding output of sealing, fuel system and anti-vibration components to meet rising auto production, CEO Jeffrey Edwards said.
Magna International projects its annual sales in China will nearly double by 2019 thanks to robust growth at its seat and transmission divisions.
German supplier Knorr-Bremse’s proposed takeover of brake systems maker Haldex stands only a slim chance of gaining anti-trust approval, given detailed feedback from EU, Jorgen Durban, the Swedish company’s chairman, says.