Saab Successor NEVS Secures $12 Billion Electric Car Order from China
National Electric Vehicle Sweden has agreed to supply 250,000 electric vehicles to Panda New Energy, marking a major step in its post-Saab strategy.
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National Electric Vehicle Sweden has agreed to supply 250,000 electric vehicles to Panda New Energy, marking a major step in its post-Saab strategy.
The European Bank for Reconstruction and Development has suspended its €250 million loan for Volkswagen’s new Polish van plant following the diesel emissions scandal.
BMW will invest $417 million in its Rosslyn plant to shift production from the 3 Series to the X3 SUV, marking the first X3 output outside the US.
Seat faces scrutiny within Volkswagen Group as the company seeks to reduce costs in the wake of the diesel emissions scandal and mounting financial pressures.
Klaus Busse, credited with revitalising Chrysler interiors, returns to Europe to head design for Fiat, Alfa Romeo, Maserati and Abarth amid a broader FCA management reshuffle.
Suzuki has secured approval to build a car manufacturing plant in Gujarat, India, with an initial capacity of 100,000 units and investment of 50 billion yen.
Voting on the proposed four-year deal between Fiat Chrysler and the UAW has met with rejections at major plants, raising the risk of a difficult ratification process.
A looming 40% tax on high-value health plans from 2018 is set to become a flashpoint in negotiations between the UAW and US automakers, with both sides calling the levy unfair.
Governor Rick Snyder's new campaign aims to highlight the breadth of automotive careers in Michigan and encourage more young people to join the sector.
James Allison has confirmed that experienced Formula One engineer Jock Clear will join Ferrari, following his departure from Mercedes at the end of 2014.
The 2011 contract negotiations between the UAW and Detroit’s big three automakers set the tone for US auto labour relations in the post-crisis recovery.
A new car factory worth $1.9 billion is being considered by an Indian automaker, with Poland and Slovakia both seeking to secure the investment and its 350,000-unit annual capacity.
Volkswagen’s powerful works council chief says the company should resolve its structure before seeking a permanent supervisory board chairman after Ferdinand Piëch’s resignation.
Massimo Rivola was absent from Ferrari’s Formula One team in Barcelona, with Italian and German media reporting he has been dismissed from his sporting director role.
General Motors CEO Mary Barra has been ranked ninth on Fortune’s 2015 list of the world’s 50 greatest leaders, joining Detroit officials credited with guiding the city through bankruptcy.
Lamborghini delivered 2,530 cars in 2014, achieving a 19% sales increase and posting €629 million in revenue as it introduced the Huracán and expanded its workforce.
Despite a sharp fall in the Canadian dollar, the country’s automotive sector has not seen the expected resurgence in factory investment or job growth seen in the US and Mexico.
PSA Peugeot Citroën returned to profit in 2014, lifted by stronger demand in China and Europe, and set more ambitious cash-flow targets for the years ahead.
Ford finalises a €2.3 billion expansion at its Valencia plant, paving the way for six model lines and increased exports from Spain.
Detroit’s hourly auto workers are set for large profit-sharing cheques, but expectations for base wage increases remain high as union contract talks approach.
With Caterham and Marussia already in administration, reports suggest a third Formula One team may exit before the 2015 season, shrinking the grid further.
Karl-Thomas Neumann has cautioned senior management that Opel and Vauxhall may miss their 2016 profit goal, citing pressure from weak European and Russian sales.
Ford has closed its Genk assembly plant in Belgium, ending 50 years of production and affecting thousands of workers and suppliers in the region.
Two senior managers from Mitsuba and T.RAD have received US prison sentences and fines after pleading guilty to price-fixing charges involving Honda supply contracts.