ZF says offer for Haldex might not be its lastThu, 22, Sep 2016
German Supplier ZF has not ruled out a further improvement in its offer for Swedish braking systems maker Haldex in view of German rival Knorr-Bremse's higher bid, CEO Stefan Sommer said.
VW investors seek $9 billion in damages over emissions scandalWed, 21, Sep 2016
Volkswagen Group is facing claims for 8.2 billion euros ($9.14 billion) in damages in the legal district where the automaker is based. The company is being sued by investors who are angry at the drop in VW's stock price following the disclosure that the carmaker rigged U.S. diesel tests.
Tesla-SolarCity deal may face delay from suits as cash burnsMon, 19, Sep 2016
Tesla Motors faces a potential delay in its acquisition of SolarCity Corp. from four shareholder lawsuits, creating added urgency as both companies use up cash.
Phony Elon Musk e-mail prompts investigation by oil services firmFri, 16, Sep 2016
Quest Integrity Group said it’s looking into a claim that its finance chief impersonated Elon Musk in an e-mail to get inside information on Tesla, while calling “absurd” the electric car maker’s allegation of an oil industry conspiracy against alternative energy firms.
Adient CEO enjoys startup status, but still No. 1 in auto seatingFri, 16, Sep 2016
It's not often that a startup enters the market as the global leader in a $60 billion industry. But Adient will be the world's No. 1 automotive seating company when it officially spins off from parent company Johnson Controls on Oct. 31.
Adient sees profit rising post-spinoff from Johnson ControlsThu, 15, Sep 2016
Adient, the automotive seat maker being spun off from Johnson Controls, forecast adjusted profit of as much as $900 million on $17 billion in sales in the fiscal year starting Oct. 1, its first as a standalone company.
Carl Icahn's Federal-Mogul bid likely part of bigger planMon, 12, Sep 2016
Billionaire investor Carl Icahn is taking auto supplier Federal-Mogul private after months of raising his offer price to the company's other shareholders. What's his game? He is likely to resurrect a plan scrapped last year to split the company's powertrain and aftermarket divisions, with intentions of selling at least one.
Ford will huddle with stock analysts Sept. 14Sat, 10, Sep 2016
Ford executives will aim to reassure analysts and skeptical investors on Wednesday about its prospects amid declining profits, stagnating U.S. sales and threats emerging from Silicon Valley.
Cars.com to spin off from TegnaWed, 07, Sep 2016
Tegna Inc., the broadcaster once part of Gannett, will spin off auto-sales website Cars.com and is evaluating a sale of its CareerBuilder job-hunting unit. Alex Vetter, a longtime Cars.com executive, will lead the independent company as CEO.
VW buys 17% Navistar stake; full merger is possibleTue, 06, Sep 2016
Volkswagen agreed to a wide-ranging technology and purchasing deal with U.S. truck maker Navistar in exchange for a 16.6 percent stake, an alliance forged in part by the need to meet stringent emissions regulations.
Musk targets naysayers, urges Tesla workers to cut costsFri, 02, Sep 2016
Elon Musk sent an e-mail to Tesla employees urging them to cut costs and deliver "every car we possibly can" in a push to show positive cash flow in the third quarter. The CEO of the EV maker said it would be the company's last opportunity to show improved financial numbers before Tesla tries to raise more money.