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Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET
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.

Audi aims to raise flagging China sales with revamped A4

July 27, 2015 13:43 CET
Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market.

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET
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...

Daimler will test self-driving trucks this year, report says

July 27, 2015 11:23 CET
Daimler is planning to test self-driving trucks as early as this year, Wolfgang Bernhard, chief of the automaker's trucks business, told a German...

Fiat Chrysler hit with record $105 million U.S. penalty over recalls

July 26, 2015 10:30 CET
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...

Wiping out U.S.-EU rules disparities would yield big savings

July 25, 2015 06:01 CET
Automakers are pushing governments to streamline safety regulations in the free-trade deal that the U.S. and EU are negotiating.

Renault seeks to buy stake in Iranian partner, report says

July 25, 2015 09:13 CET
Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian...

VW: No plans to cut China production

9:04 am U.S. ET | July 25, 2015
Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said Saturday in...

VW says it has no plans to cut China production despite slowdown in demand

July 25, 2015 15:04 CET
Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said in response to a...

PSA plans to export Iran-made cars after nuclear deal

July 24, 2015 06:01 CET
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...

Lamborghini shelves plug-in Asterion coupe in favor of Urus SUV, report says

July 24, 2015 12:03 CET
Lamborghini has put on hold a production plug-in hybrid Asterion coupe in favor of bringing the Urus SUV to market in 2018, a magazine reported,...

Opel names engineer to oversee quality

July 24, 2015 06:01 CET
Opel named mechanical engineer Elvira Toelkes as its new head of quality in Europe.

Ferrari stock faces soaring Testarossa prices for investor favor

July 24, 2015 12:19 CET
Ferrari's upcoming stock listing may struggle for investor attention with competitors in its own ranks.

Infiniti Q30 will be powered by Mercedes engines

July 24, 2015 06:01 CET
Infiniti's Q30 compact car will be powered by two gasoline Mercedes engines, likely the 1.6-liter and 2.

Faurecia accelerates margin target as first-half earnings surge

July 24, 2015 10:47 CET
Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America.

High-tech future drives Bosch's investment in sensors

July 24, 2015 06:01 CET
To understand the future of the high-tech automobile, check out the $1.1 billion “clean plant” built here in 2010 by Robert Bosch.

GM posts $1.1 billion profit in Q2; narrows loss in Europe to $45 million

July 23, 2015 06:01 CET
General Motors posted second-quarter net income of $1.1 billion and sharply narrowed its loss in Europe.

Daimler profit jumps 54% on Mercedes growth

July 23, 2015 07:39 CET
Daimler's second-quarter profit jumped 54 percent, the highest for any three-month period at the carmaker, as Mercedes outpaced rival luxury brands...

VW, Metzler sell LeasePlan for 3.7 billion euros

July 23, 2015 09:42 CET
Volkswagen and German bank Metzler have sold financing company LeasePlan to a consortium of investors for 3.7 billion euros ($4 billion).

Ferrari IPO filed in New York to raise funds for Fiat Chrysler

July 23, 2015 12:45 CET
Fiat Chrysler Automobiles' plan to raise money for expansion by spinning off Ferrari took a step forward with the automaker filing the unit's initial...

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