Ford's Q2 earnings increased 44 percent, marking the best quarterly profit from its automotive business since 2000, despite losses in Europe and South America. In Europe, a pretax loss of $14 million reversed a profit of $14 million last year.
GM and China's SAIC will develop a new range of small cars based on a common architecture that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets.
When friendly hackers landed a Fiat Chrysler Jeep in a ditch last week, it sent a warning to BMW, Audi and Mercedes as the premium automakers compete increasingly on technology rather than just horsepower.
Volkswagen surpassed Toyota to become the biggest automaker by deliveries in the first half. VW benefited as car demand in Europe accelerated, softening the blow from a slowdown in China, its biggest market.
Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.
Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.
Fiat Chrysler agreed to pay a $70 million fine as part of a potential $105 million civil penalty, accept three years of additional oversight by an independent monitor and buy back more than 500,000 vehicles as part of a sweeping consent agreement to settle a U.S.
Automakers are pushing governments to streamline safety regulations in the free-trade deal that the U.S. and EU are negotiating. With the prospect of new regulations on autonomous driving technologies, the industry views the talks as a critical opportunity to bring harmony to disparate rules.
Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks. Buying one of the Italian supercars, like a Testarossa, has generated gains that are hard to beat.
PSA aims to export cars it produces in Iran with local partner Iran Khodro, as the French company looks to rebuild its business in the country following the diplomatic agreement last week ending sanctions over Iran's nuclear program.
Opel named mechanical engineer Elvira Toelkes as its new head of quality in Europe. Toelkes will be tasked with continuing Opel's drive to improve customer satisfaction. Opel and sister brand Vauxhall had below average scores in J.D. Power's vehicle satisfaction surveys.
Infiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.0-liter units used in the A-class compact car, a source said. The Q30 is based on Mercedes's MFA front-wheel-drive compact architecture that also underpins the A class.
Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016.
Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business.
China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association.
Hyundai said its net profit slumped for the sixth quarter in a row, as weak sales in key markets including the U.S. and China and the won's strength continue to shackle the automaker. Profit fell 24 percent to $1.5 billion.
The head of Google's self-driving car program, Chris Urmson, said the company's test vehicles are very safe. Recent accidents involving the cars were minor and were the fault of other drivers, not Google technology, Urmson said.
Volkswagen is in advanced talks to sell its 50 percent stake in financing arm LeasePlan as the carmaker cuts costs and refocuses its business, Reuters reported. LeasePlan finances 1.42 million cars annually.
Magna International's $1.9 billion deal to buy German gearbox supplier Getrag gives the giant Canadian company the technology to supply transmissions for small cars to big vans and nearly everything in between.