Italian car maker Fiat is set to purchase remaining 41.4% stake in American automaker Chrysler Group in an agreement with the US auto workers' pension fund VEBA Trust for $3.65bn. The move forms part of the company's plan to merge both ...
Tags: FIAT, Chrysler Group
German automaker Audi is set to invest EUR22bn to develop new models, innovations and for the expansion of the worldwide production network between 2014 and 2018. Almost 70% of the investment is intended for new models and technologies. ...
Tags: Audi, Vehicle Development
German carmaker BMW Group has partnered with Japanese automaker Toyota to develop a joint platform for sports cars. Both companies will choose one particular model from different proposals that were under consideration. According to ...
Tags: BMW, Toyota, Sports Cars
Japanese automaker Toyota has completely revamped its 2013 Rav4, in a move to meet the growing consumer demand for a perfect SUV. The company has redesigned the SUV with a new look, more cargo room and updated features. The Rav4 has ...
Six in 10 heads of Japanese companies expect the economy to have recovered half a year after this coming April's consumption tax hike, a Nikkei survey finds. The quarterly poll of presidents or chairmen at key domestic corporations found ...
Tags: Japanese companies, April's consumption tax hike, economy recovery
German automaker Daimler has entered into a equity collar agreement with Tesla Motors, a US-based manufacturer of electric vehicles and electric vehicle powertrain components. As per the agreed terms, Daimler, which already has 4% in ...
Tags: Tesla Motors, Daimler
German automobile manufacturer Mercedes-Benz is geared up to expand its SUV lineup with the launch of a new 2015 Mercedes-Benz GLA. The 2015 Mercedes-Benz GLA features a 2.0-liter, turbocharged, four-cylinder engine and is expected to ...
Tags: Mercedes-Benz, SUV GLA
Japanese automaker Honda Motor is set to introduce its all-new 2015 Fit at the 2014 North American International Auto Show in Detroit on 13 January 2014. All-new 2015 Fit will be based on the company's current Fit model. The company will ...
Tags: Honda Motor, Fit Model
Ford Motor Co warned Wednesday that the cost of launching new vehicles and a deteriorating Venezuelan economy would dent its profit next year, news that sent the No. 2 U.S. automaker's shares to their biggest one-day percentage drop in more ...
Japanese automaker Nissan Motor is set to introduce its remodeled Datsun brand in Russia in April 2014, in a move to attract the first-time buyers. The car manufacturer, which terminated the Datsun brand in 1981, plans to relaunch the ...
Ford Motor Co. said it will add 5,000 jobs in the United States and launch 23 new vehicles globally in the upcoming year. "Next year, we are embarking on our most ambitious global launch year ever" said Raj Nair, group vice president for ...
Tags: Ford, employment
Volkswagen Group of America has issued a voluntary recall on 62,155 Tiguan vehicles of certain model year 2009-2011, because of the problem with the fuse for the exterior lights. Due to this, the holder for the fuse that controls the ...
Tags: Volkswagen, Tiguan Vehicles, Recall
South Korean automaker Hyundai Motor is set to reveal its new concept car, Intrado, at the 2014 Geneva Motor Show in Switzerland. Manufactured from a mixture of advanced materials, Intrado features a super-lightweight structure, and a ...
Tags: Hyundai Motor, Intrado Concept Car
German automaker Audi has won the Innovation in Automotive Technology award from Automotive Business Review for its piloted parking technology. Five players including Honda Motors, Ford, Nissan, Acura, and Audi were shortlisted for the ...
Tags: Audi, Automotive Technology award, piloted parking, award
Chongqing-based Chinese automaker Changan Automobile Co. and Chinese steel giant Baosteel Group have established a joint auto steel laboratory to carry out research and development on auto steel products, as announced by Baosteel Group on ...
Tags: Baosteel, Changan Auto, research laboratory, auto steel, steel