The Swedish airbag supplier also drew the remaining $600 million from an existing credit line to shore up its cash position, after tapping $500 million last month.
Continue Reading the above article 'Autoliv drops 2020 forecast, suspends dividend as ...
Ford's discussions about cash for clunkers are internal for now, but are eventually expected to involve the government, Ford sales chief Mark LaNeve said.
Continue Reading the above article 'Ford expects talks with U.S. on cash for clunkers-...
CEO Ola Kallenius and members of Daimler's management board will take temporary 20 percent compensation cuts. High-level executives will see a 10 percent reduction.
Continue Reading the above article 'Daimler CEO, top executives take pay cut in respon...
The used-vehicle retailer's fiscal year ended just before the coronavirus pandemic began wreaking havoc on the U.S. economy.
Continue Reading the above article 'CarMax posted record sales and earnings before pan...
Unlike past Tesla offerings, early versions of the Model Y are rolling off the assembly line looking more like what you would expect from a company with a handle on the finer points of car building, according to Sandy Munro.
Continue Reading the above article 'Tesla Model Y gets high marks from critic Sandy Mu...
State-owned GAC expects vehicle sales in China to rise 3 percent this year despite an anticipated industrywide drop of 10 percent.
Continue Reading the above article 'China's GAC aims for 1 million cars a year for its...
Dongfeng is evaluating plans to change its 12 percent stake in PSA after the French automaker's share price plunged because of the coronavirus pandemic. Separately, Dongfeng and PSA plan to cut jobs at Dongfeng Peugeot Citroen Automobiles in Wuhan and reduce assembly plants to try to make the struggling joint venture more profitable.
Continue Reading the above article 'China's Dongfeng reviews PSA stake sale after pric...
Volvo will set up a stand-alone company to take over Zenuity's development and commercialization of unsupervised autonomous drive software.
Continue Reading the above article 'Volvo, Veoneer split Zenuity software JV...
BMW will offer a full-electric variant of its 7 Series sedan, while Audi is opting for a plug-in drivetrain for its next A8.
Continue Reading the above article 'BMW plans electric 7 Series; Audi takes different ...
The VDA auto lobby group discussed how production can be resumed with Chancellor Angela Merkel amid concerns that some cash-poor suppliers may not survive the damage from the coronavirus pandemic.
Continue Reading the above article 'Merkel and German auto execs seek ways to restart ...