News

Nissan agrees to $98 million settlement on Takata economic loss claims

09 August 2017, 08:00
Nissan agreed to a $97.7 million settlement to resolve class-action consumer economic loss claims in the U.S. tied to the recall of 4.4 million vehicles with Takata airbag inflators.

Intel finalizes $15 billion Mobileye acquisition

09 August 2017, 08:00
Intel has completed its $15 billion acquisition of autonomous driving tech company Mobileye. The finalized acquisition cements Intel's efforts to break into the autonomous vehicle market.

Faraday to lease former tire plant in California

08 August 2017, 08:00
Struggling EV startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, pivoting from an earlier plan to build a plant in Nevada.

As Toyota and Mazda scour the U.S., Mississippi opens arms

08 August 2017, 08:00
As Toyota and Mazda begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi.

For Toyota, it's all about newcomer status

08 August 2017, 08:00
Some governors probably shouldn't bother making a quick call to Toyota City or Plano, Texas, home to Toyota's new North American headquarters, to land America's newest auto factory.

Sunny outlook persists as sales slide deepens

08 August 2017, 08:00
July marked the steepest year-over-year decline for U.S. new-vehicle sales since 2010 and the industry's seventh down month in a row, yet there's no sign of panic.

Tesla seeks $1.5 billion to fund Model 3 production

07 August 2017, 08:00
Tesla intends to raise about $1.5 billion in a bond offering as it seeks to fund the production of the Model 3.

AutoNation to stick with 1-price despite drag on used margins

07 August 2017, 08:00
AutoNation is sticking by its commitment to a one-price model on used-vehicle sales, even though the switch dragged down the retailer's used-vehicle margins in the second quarter.

BMW's 'future-proof' EV strategy

07 August 2017, 08:00
BMW is planning combustion, hybrid and electric versions of its core nameplates. The strategy will allow the automaker to flex production depending on what is selling better.

Pressure on NAFTA talks to hit deadlines

07 August 2017, 08:00
Trade negotiations usually take years of detailed work to hash out agreements. In the case of the North American Free Trade Agreement, the three governments will race to finalize a deal before other events complicate matters.
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