Hints and tips:
...Tu Le, founder of Sino Auto Insights, said the US still led China in several of the technologies underpinning key areas of autonomous driving including machine learning and sensors....
...Mazda Motor will roll out its locally produced hybrid vehicle as early as 2019....
...And it is unlikely we will see a gain in auto jobs right now” with US vehicle sales this year expected to fall for the first time since the global financial crisis, says Michelle Krebs of Autotrader.com....
...Tokyo’s Topix was up 0.3 per cent, with Honda Motor gaining as much as 5 per cent after the auto maker raised its forecasts for the financial year on better-than-expected quarterly sales and profit reported...
...At the same time, it is moving more of its resources into North America and China, which account for more than 70 per cent of its global unit sales....
...In the middle of last year, Mr Robson began pitching it to the world’s top auto component and carmakers, including General Motors, Volkswagen and Toyota. About a dozen said they were interested....
...Cadillac’s statement of intent was the most eye-catching of a series at the Detroit auto show by US and Asian brands determined to loosen the grip of Mercedes, BMW and other European manufacturers on the...
...Mexico’s auto exports are roaring: new data from the Mexican Auto Industry Association showed record-breaking figures for the fourth straight year, and domestic sales at their highest level since 2007....
...“We can bring a lot of value [to Fisker] which is important to all of its stakeholders.” Wanxiang America, based in Elgin, Illinois, employs more than 6,000 people in the US....
...ResCap was placed into bankruptcy in May by Ally Financial, formerly know as GMAC, the lending arm of General Motors that was bailed out with $17.1bn of taxpayers’ money as part of the 2009 rescue of the...
...Mike Carpenter, chief executive, said Ally was also putting its international business up for sale as part of an effort to repay the government and focus on the US auto financing operations....
...General Motors, Ford, and Chrysler once had a swarming grip on US auto sales, using muscle and hustle from the 1920s through the early 1970s, when they still owned more than 80 per cent of the market, according...
...Mazda Motors was one of the most actively traded stocks on the Tokyo exchange after the company successfully raised Y151bn ($1.87bn) in a share sale....
...Getco, one of the world’s largest proprietary trading firms, has been appointed sole “designated market maker” (DMM) for General Motors stock once the auto maker is listed on the New York Stock Exchange....
...Ally on Tuesday warned that some business conditions that contributed to second-quarter profits may slow in the coming months, including the sale of used cars, which are at an all-time high....
...Wells Fargo Dealer Services, GMAC, Ford Motor Credit, American Honda Finance, Bank of America, Nissan Infiniti Financial Services, Capital One Auto Finance and Fifth Third Bank, round out the top 10, the...
...He is chairman and chief investment officer of Emerging Markets Management LLC, a US investment firm specializing in emerging market equities, and author of The Emerging Markets Century....
...Karl-Theodor zu Guttenberg, Germany’s economics minister, has encouraged rival bids because of his reservations about Magna’s offer, which most of his colleagues endorsed in late May....
...Shares in General Motors fell 2.6 cent to $1.12, as its hopes of finding a faster exit from bankruptcy rose after some of its biggest bondholders agreed to a sweetened 11th-hour offer from the troubled carmaker...
...As a result of its investments in Chrysler and GMAC, the financing arm of General Motors, as well as in several banks, it finds itself deep in two of the most troubled sectors of the US economy....
...General Motors continued to pick up ground, however, after Bloomberg reported encouraging signs of agreement between bondholders and the United Auto Workers union over retiree healthcare plans as the company...
...Many companies that make parts for General Motors, Ford Motor and Chrysler also supply their foreign-owned rivals in North America and elsewhere....
...After trying unsuccessfully to orchestrate a merger of General Motors and Chrysler last year, he then did a deal with Italian carmaker Fiat in January....
...Indeed, GM this week sold its remaining shares in Suzuki, and Ford on Tuesday sold 20 per cent of its stake in rival Japanese carmaker Mazda....
...GMAC’s position is more precarious than most because of its ownership of ResCap, one of America’s biggest mortgage lenders....
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