Author: Automotive News n Feed
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Grammer looks to counter Hastor family with stake sale to China’s Ningbo
German automotive interiors maker Grammer plans to sell a stake to China’s Ningbo as the supplier looks to counter activist shareholders, the Hastor family.
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Nissan, BMW, Porsche face fuel economy probes in S. Korea
South Korea has filed a complaint against Nissan alleging the automaker manipulated the fuel economy test results of its Infiniti Q50. BMW and Porsche are also being investigated.
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Daimler to focus on electric Smart cars in U.S., Canada
Daimler will stop selling combustion engine Smart cars in the U.S. and Canada and focus the brand on electric vehicles in the two markets.
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Land Rover Defender’s spirit to be revived by chemical company
Jaguar Land Rover halted production of the original Land Rover Defender over a year ago, but now Ineos Group, a company better known for chemical production, is bankrolling an attempt at reviving the rugged model’s heritage.
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AutoNews Now: Mueller ‘irritated’ at VW infighting
Volkswagen chief Mueller ‘irritated’ at infighting; At 52 mpg, Cruze diesel carries political message; Hyundai hires GM autonomy expert; Lexus in need of CUVs; No Alfa Giulia wagon.
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PSA sees Trump’s Iran stance boosting market lead
PSA is pushing ahead with an Iranian plant investment and production ramp-up in the face of a hardened U.S. stance against Tehran under President Donald Trump that could play to the automaker’s advantage, a senior executive said.
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VW CEO slams infighting as spat escalates over worker agreement
VW Group CEO Matthias Mueller sought to calm nerves at the automaker as festering disputes with labor leaders and allegations from former Chairman Ferdinand Piech threatened to disrupt efforts to overcome its diesel-cheating scandal.
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First Shift: CEOs ask Trump to review mpg rule
CEOs ask Trump to review mpg rule; Dealership throughput dips; 52 mpg for Cruze diesel; Ford’s $1B ‘brain’ buy; Toyota’s challenge: Marketing Citizen Camry and Wild Child C-HR.
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Irish new-car sales fall in January as Brexit bites
New-car sales in Ireland fell in January as the British pound’s sharp decline after the Brexit vote caused a surge in used-car imports from the UK.