The project illustrates a trend in manufacturing capital spending today: As auto suppliers roll out new technologies, many are relying on more automated production processes to make the work fit into their existing space.
President Donald Trump said he planned to discuss American purchases of Japanese automobiles and other sensitive trade issues with Japanese Prime Minister Shinzo Abe during their meeting at the White House on Thursday.
Tesla would need to release more information than Elon Musk gave shareholders to set the record straight on the EV maker's work-safety record, according to former occupational health officials who worked under the Obama administration.
Sogefi has signed a contract with Volvo to supply engine coolant pumps for several of the automaker's future-generation electrified models as the automaker pledges to electrify its entire lineup by 2019.
German battery systems maker Akasol is preparing for a Frankfurt stock market listing before the summer break, raising money to invest in new capacity so it can benefit from an expected surge in demand from EV manufacturers.
The latest issue of the Automotive News Europe monthly magazine is ready to view. The new edition examines how ultraluxury automakers such as Aston Martin, McLaren and Ferrari have found a way to build and sell hypercars at a hefty profit. Something that was not always the case.
Automakers including Renault, Jaguar Land Rover and PSA boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case.
Honda confirmed that a Takata airbag inflator had ruptured in a fatal crash earlier this week in Malaysia in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments.
Canada and Mexico retaliated with levies on billions of dollars of United States goods from orange juice to pork and the European Union was set to tax bourbon whiskey and Harley motorcycles after Washington imposed metals tariffs.