Category: Motor Age Articles

Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, Reuters reported.

Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound.

Bosch said it had bought out partner Daimler’s stake in EM-Motive, a joint venture set up to make motors for electric and hybrid cars.

Audi wants to cut costs by $17 billion by 2022, a German business magazine reported. In response to the report, Audi said cost savings have not yet been finalized, but the scale of the savings reported was correct.

Unifor members continued to block access to GM’s Canadian headquarters in Ontario. Members are protesting the automaker’s plans to end production at the nearby Oshawa assembly plant.

Hyundai surprised the market by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market.

Ford needed to stop the bleeding before it could start showing gains from herculean efforts to turn the company around.  

Apple dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC reported.

As Renault prepares to replace Carlos Ghosn, Jean-Dominique Senard, the Michelin CEO in line to succeed Ghosn as chairman, will be charged with smoothing out the strained relationship with partner Nissan.    

French carmaker Renault confirmed the appointment of Michelin’s Jean-Dominique Senard as its new chairman and Thierry Bollore as new CEO.