VW CEO expects turnaround to start bearing fruit in 2-3 yearsVolkswagen AG CEO Matthias Mueller is pushing forward with a technological and organizational revamp of Europe's largest carmaker despite internal opposition and expects his efforts to begin bearing fruit in two to three years.
Samsung SDI will build EV battery plant in HungarySamsung SDI plans a factory in Hungary to make electric-vehicle batteries, joining the race to tap European demand. The company produces batteries for the BMW i3.
VW reviews its procurement strategy in wake of supplier disputeUPDATED: 8/30/16 10:14 am ET -- adds details Volkswagen is reviewing its supplier and procurement strategy to avoid another dispute such as the one that caused production slowdowns and stoppages this month, CEO Matthias Mueller said.
U.S. issues 'call to action' after traffic deaths riseThe U.S. government is seeking support from researchers and data scientists to help understand and ultimately combat the leading causes of traffic deaths after a significant spike last year. The Obama administration today issued what it called an “unprecedented call to action” as it released a final analysis of traffic fatality data from 2015, when roadside deaths jumped by 7.2 percent from 2014 to 35,092, the most since 2008.
China's Zhongwang enters U.S. auto aluminum market with $2.3 billion deal for Aleris
Zhongwang USA, backed by Chinese aluminum magnate Liu Zhongtian, is buying U.S. aluminum company Aleris in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry's next big growth market.
Chevrolet Bolt on track for a late '16 debutThe Chevrolet Bolt battery-electric hatchback is on track to be launched late this year, Chevrolet confirmed Monday, countering recent reports on various media and enthusiast websites that the car would be delayed for six months.
Takata says truck carrying airbag inflators exploded; 1 dead, 4 injuredA truck transporting Takata airbag inflators and propellants that are at the center of a global recall exploded in Texas last week, resulting in one death and four injuries, the embattled auto parts supplier said today.
Detroit supplier to open Ohio plant to make Jeep parts
Detroit Manufacturing Systems plans to open a Toledo plant for the next-generation Jeep Wrangler.