Automakers

Ford plans major new building near train station in Detroit

Ford's development arm plans to tear down an old brass factory in Detroit's Corktown neighborhood and redevelop the site with a large new building near its recently purchased train station project.


IAC names former Magna exec Manfred Gingl as CEO

International Automotive Components Group named former Magna International executive Manfred Gingl as CEO following the retirement of former chief Steve Miller this month.

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MORE OEM/SUPPLIER NEWS MANUFACTURING REGULATION/SAFETY
Study questions massive investments in AVs

Billions of dollars will be lost by many automakers that continue to invest in autonomous and electric vehicles while consumer buy-in remains low, a study from consulting firm AlixPartners says.

Audi, Hyundai to cooperate on fuel cell vehicles

Audi and Hyundai said they will cooperate on developing fuel cell vehicles. The agreement will give Audi and other brands in the Volkswagen Group access to parts that are based on Hyundai's development of the ix35 Fuel Cell and its successor, the Nexo.

Continental board plans powertrain IPO, report says

Continental's supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the supplier's biggest overhaul in decades is taking shape, according to people familiar with the matter.

Volvo extends global footprint with U.S. factory opening

Volvo is expanding its global manufacturing footprint with the inauguration of its first U.S. assembly plant, where it is investing about $1.1 billion to launch output this autumn of the redesigned S60 sedan for domestic and global markets.

Hackett sought to 'push the edges' of automaker's office design

Ford CEO Jim Hackett stopped a planned 10-year Dearborn campus renovation to give it a 'much healthier' design. The project eventually included the establishment of an autonomous vehicle development campus in Detroit, anchored by a long-blighted train station.

UPDATED: 6/20/18 1:01 pm ET - adds Colo. dealers' reaction
Colorado moves to adopt Calif. emissions standards

Colorado plans to join 12 other states and the District of Columbia in adopting California's low vehicle-emission standards, escalating the political and economic stakes for the auto industry.

UPDATED: 6/19/18 10:33 am ET -- adds Audi statement
Audi suspends Stadler, installs Schot as interim CEO

Audi suspended CEO Rupert Stadler and appointed Bram Schot as an interim replacement effective immediately, a day after Stadler's arrest in connection with a diesel emissions probe in Germany.


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