New Mitsubishi plan targets 30% jump in revenue
Mitsubishi unveiled a three-year plan to boost global vehicle sales by 40 percent and revenue by more than 30 percent as it rebounds from a fuel economy scandal by strengthening its utility vehicle lineup and targeting rapid growth in the U.S., China and Southeast Asia.
NAFTA talks take acrimonious turn
Efforts to renegotiate NAFTA have bogged down over controversial U.S. proposals, with Canada and Mexico blaming the U.S. for trying to protect its market at the expense of the region's economy and the U.S. pointing the finger at its partners for unwillingness to correct a large trade imbalance.
Former Ford CEO Mark Fields named senior adviser at TPG Capital
Former Ford Motor CEO Mark Fields has been named a senior adviser at private equity firm TPG Capital, where he will be tasked with helping reinvent companies in the way that he attempted to transform Ford.
GM donates $5 million to Henry Ford museum
With the "game-changing" gift, GM will sponsor the museum's rotating exhibits to help promote science, technology, engineering and mathematics.
GM clutches tech units despite hype of $30 billion spinoff
GM will keep its business units working on self-driving vehicles and car-sharing despite analysts suggesting they could be spun off and valued at as much as $30 billion, according to a top executive.
GM to begin testing autonomous vehicles in N.Y.
The planned tests by GM and its self-driving unit, Cruise Automation, will be the first by a Level 4 autonomous vehicle in the state, N.Y. Gov. Andrew Cuomo said.
U.S. authorities seeking Kobe Steel documents related to data scandal
U.S. authorities are seeking Kobe Steel documents related to the company's data cheating scandal, the Japanese steelmaker said.
Mexico, Canada reject U.S. NAFTA demands as talks wrap up
The ministers leading NAFTA negotiations wrapped up the latest round of high-level talks after Canada and Mexico rejected what they see as hardline proposals by the U.S. The three countries agreed to extend talks to retool the trade pact into early 2018.
Polestar debuts with performance coupe, subscription sales model
Volvo and its parent, Zhejiang Geely Holding Group, are initially investing about $752 million in the stand-alone electrified vehicle brand, mostly for a China assembly plant. Only 500 Polestar 1 coupes will be produced annually and customers can preorder the vehicle starting Tuesday.
Mitsubishi to accelerate r&d, capital spending, report says
Mitsubishi Motors is planning to inject more than $5.35 billion in capital spending and r&d over the next three years, the Nikkei newspaper reported.
VW's Seat delays naming new SUV amid Spain's Catalonia crisis
With Spain's media focused on the political crisis over Catalonia, VW's Spanish division Seat has decided to delay announcing the name of its new midsize SUV model.
Nissan gets new U.S. sales boss; Meunier takes Infiniti role
Nissan has promoted former Saturn executive Dan Mohnke to lead sales and marketing for the brand in the United States; he succeeds Christian Meunier, who becomes a global vice president for Infiniti.
Mobility Center signs education partnership with 15 Michigan schools
American Center for Mobility enlists universities and community colleges to help drive retraining and education as hedge against jobs lost to future mobility
Fiat Chrysler's Ram sports new face for 2019
Fiat Chrysler plans major styling changes to the Ram pickup for 2019 as evidenced by new spy photos of the truck at the company's technical center near Detroit. The redesigned Ram 1500, which carries the DT designation, is to be formally unveiled in January at the Detroit auto show.
Tesla's former battery director joins farming startup Plenty
Tesla's former director of battery technology has joined Plenty to lead the vertical farming startup's plan to build indoor growing rooms around the world.
U.S. NAFTA briefing offers little reassurance to business community
Lobbyists expressed concern that extreme U.S. positions could make a NAFTA deal impossible, with the potential that beneficial trading benefits for industries in all three countries could end.
Germany's Hubject raises funds to advance e-mobility in China, U.S.
Germany's Hubject, which is developing a standard method to pay at EV charging stations, secured fresh funds from shareholders to expand into China and the United States.
Leaked 2018 Jeep Wrangler user guide gives details of off-roader's amenities
The user's guide for the next-generation Jeep Wrangler has been leaked before the start of production, showing some of the off-roader's modern goodies.
Ford faces 'significant work' before autonomous vehicles become reality, Argo AI exec says
Argo AI, a Pittsburgh artificial intelligence company backed by Ford, has grown aggressively, but its CEO says much work remains to help Ford bring an autonomous car to market in 2021.
Unifor ratifies contract at GM's Equinox plant in Canada; 86% of workers approve
Union workers at a GM plant in Ingersoll, Ont., have ratified a new contract, ending a four-week strike that threatened to pinch sales of the Chevrolet Equinox. A total of 86 percent of members who cast ballots favored the four-year deal, sending employees back to work at 7 p.m. ET Monday for early startup, according to the Unifor union.
Daimler moves to separate Mercedes cars, trucks
Daimler is firming up plans for its biggest corporate overhaul in a decade, granting its car and truck operations more independence in a move that could pave the way for spinoffs and other deals as the automaker confronts the disruptive shift to self-driving electric vehicles.