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Canada: weaker currency might not bring expected auto revival


While Windsor, Ontario was once billed as the British Empire’s auto capital, today its’ unlikely the plunging Canadian currency would benefit in the immediate future the car manufacturing sector. There are new investments currently being made there, such as FCA US’s decision to build the next generation of the Chrysler minivan, but overall they can’t overcome the other “ruins” – plants ...
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US: regulators, states looking into auto loan securitization
Both the US Justice Department and state authorities are now mulling a strategy to introduce securitization for auto loans to dismiss the probability of fraud, according to Acting Deputy Attorney ...
Auto suppliers have faith in electric cars
What they actually believe is that the segment will finally live up to its forecasted reputation in the near future, with auto parts makers consolidating one important area of the ...
US: Honda happy with west coast labor dispute end
The third largest Japanese automaker welcomed the recent agreement between the dockworkers and shippers that would see the end of a labor clash at US west coast ports but also ...
GM surprised by Brazilian factory walk out
A strike at its Brazilian car plant took the largest US automaker – and the third biggest in the world – General Motors, by surprise late on Friday as workers ...
Germany’s ZF offers concessions for EU approval of $13.5 billion acquisition of TRW
German auto parts maker ZF Friedrichshafen has opted to offer concessions in a strategy designed to ensure the European Union will approve its ongoing bid to purchase US competitor TRW ...
China electric-car companies get a boost from prospect of Apple entering the market
The world’s largest auto market has been very slow to adopt the electric car segment, even after massive investments and incentives from the authorities or the fact that several large ...
Europe: Faurecia increases dividends on higher profit
Faurecia SA, Europe’s biggest car interior supplier, has announced it would move to increase the annual dividends after its second-half profit soared by 29 percent thanks to increased demand from ...
NAFTA: Mexican auto output and exports surge in January
Mexico saw both automotive production and related exports on the rise last month, with record levels for January – according to the Mexican Auto Industry Association. The industry body said the ...
US: subprime auto loans are not the Boogeyman
According to industry experts, the subprime auto-loan bonds that are so much dreaded by authorities are actually only a small portion of the overall US auto-loan growth. For example, Chris Pink, ...

latest automotive news
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US: Mercedes pits new Metris van against the likes of Ford’s Transit Connect
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Recall roundup: Dodge Challenger SRT Hellcat and Charger SRT Hellcat
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Report – Chevrolet’s upcoming affordable electric car could be seen as Opel model in Europe
According to undisclosed company sources, General Motors might expand the sales of the upcoming Chevrolet Bolt electric car into Europe, ...
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The online configurator for the recently unveiled Porsche 911 GT3 RS has been recently launched by the German based automaker. If ...
[VIDEO] Ferrari 488 GTB – official promo released
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