Author: Automotive News Feed

HANOI, Vietnam — VinFast, which aims to become Vietnam’s first domestic car manufacturer, said it has secured a 12-year credit facility for as much as $950 million to help buy machinery and equipment from German suppliers.

Fiat Chrysler is nearing a deal to sell its high-tech car-parts unit, Magneti Marelli, to Calsonic Kansei after the Japanese firm raised its bid, people with knowledge of the talks told Bloomberg.

Fiat Chrysler is nearing a deal to sell its car-parts unit, Magneti Marelli, to Calsonic Kansei after the Japanese company raised its bid, Bloomberg reported.

Mercedes will soon start handing over its GLC F-Cell model to fleet customers in a bid to refine its fuel cell technology through real-world testing.

Ford has started production of an electric delivery van using technology provided by Deutsche Post startup StreetScooter.

Automakers reacted cautiously to a less stringent CO2 emissions target for new-car fleets in Europe but said the goal could still hit the industry’s competitiveness.

Automakers criticized a proposed 35 percent CO2 emissions reduction target for new cars in Europe saying the goal could hit the industry’s competitiveness.

Volvo will use chipmaker Nvidia’s high-powered Drive AGX Xavier technology to help make its next-generation cars capable of up to hands-free Level 4 autonomous driving. Volvo has said it will offer a Level 4 autonomous driving by 2021.

Audi’s interim CEO, Bram Schot, laid claim to the top job for the long term amid uncertainty when Markus Duesmann, who has been seen as CEO-designate, can join Audi parent Volkswagen Group from BMW.

Volvo will use chipmaker Nvidia’s high-powered Drive AGX Xavier technology to help make its next-generation cars capable of up to hands-free Level 4 autonomous driving. Volvo has said it will offer a Level 4 autonomous driving by 2021.