DS has ended production of its slow-selling 4 and 5 hatchbacks as part of an aggressive product plan designed to turn around shrinking global sales. The PSA Group premium brand is now only selling what a spokesman described as an “extensive supply” of existing stocks for the 4 and 5, both of which have suffered from dwindling sales and contributed… Continue reading DS 4 and 5 production ends as part of drastic line-up changes
Category: News Type
Hendy Group acquires Portsmouth’s Unbeatablecar used car supermarket
Hendy Group has announced the acquisition and opening of a new used car and van store in Portsmouth as part of an ongoing expansion which is set to drive a countinued rise in annual turnover.
Acquisition: Chinese major shareholder reaches for Grammer
The automotive supplier has confirmed advanced negotiations with affiliated companies of the investor Ningbo Jifeng. The auto supplier Grammer may be close to one takeover by the Chinese major shareholder Ningbo Jifeng. The company confirmed advanced negotiations with affiliated companies of Ningbo Jifeng early this morning in Amberg, which could lead to a voluntary public… Continue reading Acquisition: Chinese major shareholder reaches for Grammer
Volkswagen: 132,000 VW and Skoda cars recalled in Russia
Volkswagen A good 132,000 vehicles of the VW Polo and Skoda Rapid models are recalled in Russia. (Photo: dpa tmn) MoscowVolkswagen has in Russia a voluntary recall of a good 132,000 vehicles of the brands VW and Skoda announced. It concerns the models VW Polo and Skoda Rapid, said the Russian regulator on Tuesday. There… Continue reading Volkswagen: 132,000 VW and Skoda cars recalled in Russia
Veoneer Selected Partner to Develop Mono Vision Camera Systems
Tue, May 29, 2018 08:30 CET (Stockholm, Sweden, May 29, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced today that Veoneer, its electronics business, has been selected by one of the world’s leading automakers as a partner to develop and produce mono vision camera systems comprised… Continue reading Veoneer Selected Partner to Develop Mono Vision Camera Systems
News – The third EU Mobility Package: key takeaways from an automotive point of view
On 17 May, the European Commission presented a new Mobility Package entitled ‘Sustainable Mobility for Europe’ with which it seeks to promote safe, connected and clean mobility across the EU. This third and last Mobility Package by the Juncker Commission contains various legislative and non-legislative proposals that will affect the EU automobile industry. Message from… Continue reading News – The third EU Mobility Package: key takeaways from an automotive point of view
China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
May 29, 2018 Ningbo Jifeng Auto Parts Co. affiliates are in talks to buy out partner Grammer AG in a possible deal that could value the German maker of vehicle seats at about 750 million euros ($872 million). The German company said in a stock exchange statement Tuesday that it had received an indicative proposal… Continue reading China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
Altmarkkreis plans deployment of autonomous buses
Near Wolfsburg Autonomous buses should run | Autonomous Driving & Co navigation Return to content In the district of Altmarkkreis Autonomous vehicles operate. In the Altmarkkreis one plans a project with the use of autonomous vehicles for the public transport, This week you want to decide on a project at a meeting, where the focus… Continue reading Altmarkkreis plans deployment of autonomous buses
Hyundai Mobis emerges as key GM supplier with $1.1 bln deal
SEOUL, May 29 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has emerged as a key supplier of General Motors Co. after it secured a US$1.1 billion deal to provide auto parts for eight years, the company announced Tuesday. The Detroit-based carmaker recently picked Hyundai Mobis as one of its… Continue reading Hyundai Mobis emerges as key GM supplier with $1.1 bln deal
GM Extends Its Military Discount to 3 Years After Discharge
General Motors announced today that all four of its brands — Chevrolet, Buick, GMC and Cadillac — have come together to make the GM Military Discount the best program of its kind for active duty, reserve members and military retired from the United States Army, Air Force, Navy, Marines, Coast Guard and National Guard.