M&A activity declined in 2016, and now dealmakers eye Trump

The global auto industry looks healthy this year, but PwC says mergers and acquisition experts want to assess President Trump's influence on environmental rules, international trade and the overall economy before pursuing new deals.

 

Ford will offer parts for non-Ford vehicles

Ford Motor Co. is expanding its customer service division with a new Omnicraft brand of aftermarket parts to cover non-Ford and non-Lincoln vehicles.

VW's $1.21 billion emissions settlement with U.S. dealers OK'd by judge

UPDATED: 1/23/17 10:13 pm ET - adds details

U.S. District Judge Charles Breyer granted final approval to VW's settlement worth up to $1.21 billion with 650 U.S. dealers over diesel emissions violations. VW's dealers will receive an average of $1.85 million each over 18 months under the settlement.

Lexus Super Bowl ad features 'Man & Machine' with Lil' Buck

Lil' Buck -- who challenges gravity in a new ad for Apple's AirPod headphones -- will dance onto advertising's biggest stage in a Super Bowl ad for

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Bosch, Mahle to bail out of turbochargers JV

Mahle and Robert Bosch plan to sell their turbocharger partnership, citing a failure to achieve economies of scale despite strong sales growth. Their joint venture, Bosch Mahle Turbo Systems, has two plants in Austria and China and employs 1,400 workers.

TPP's death closes door to Canada's auto sector

Canada's auto sector is without prospects for free-trade access to several Pacific Rim countries after U.S. President Donald Trump signed an executive order Monday starting America's withdrawal from the proposed Trans-Pacific Partnership free trade deal.

Ford seen as ‘canary’ with record leases spurring used-car glut

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.

Automakers' printed brochures giving way to digital ones

In December, Ford of Canada became the latest automaker to scrap the medium, claiming it did so mainly for environmental reasons. Fiat Chrysler Automobiles Canada and Volkswagen Canada have also all but completely abandoned printed brochures.

Don't bet on an Audi smaller than A3/Q3

Audi may have room in its lineup for a larger three-row crossover and for more variants of current vehicles, but probably not for anything smaller than its current A3 sedan and Q3 crossover.

Trump, Trudeau to talk NAFTA soon

President Donald Trump said Sunday he will soon meet with Canadian Prime Minister Justin Trudeau to discuss the terms of the North American Free Trade Agreement.

VW EVs will debut 5G connectivity services

Volkswagen plans to equip its family of I.D. electric cars with next-generation 5G mobile connectivity and vehicle-to-everything communication standards as the brand prepares to offer full autonomous driving functionality in 2025.

First Shift: Wal-Mart jumps into car sales

Wal-Mart jumps into car sales; Ford Credit launches online buying, financing; Penske ends no-haggle pilot; Google search exec joins Uber; Nissan, Hyundai-Kia join fleet elite.

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