NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

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Alarmed by the threat posed by Silicon Valley firms developing autonomous driving systems, carmakers at this week's Paris Motor Show showed signs they are ready to hit back by cooperating in areas where they might have been expected to compete. "This is how the automotive industry may be able to…

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BMW is seeing positive signs in demand in China while growth in the United States remains slow, board member Ian Robertson said on Thursday. "We thought Asia would go in low-to-single digits. It has actually gone a bit stronger than that. It went through a difficult patch for two years…

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Volvo Car Corp. plans to sell a self-driving vehicle to consumers in five years. Volvo CEO Hakan Samuelsson says the car will have a steering wheel, but consumers can pay $10,000 extra for a full autopilot system that will let them relax while the car drives itself. Samuelsson says Volvo…

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PSA Peugeot Citroen (PEUP.PA) said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in…

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Honda Motor Co Ltd (7267.T) said on Wednesday that the driver-side airbag inflator ruptured during a fatal crash in Malaysia, in the fourth death this year in the Southeast Asian country linked to airbags from supplier Takata Corp (7312.T). The incident on Sept. 24 took place in Johor, a state…

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South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's (7312.T) defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new round of recall of Takata's air bag inflators which…

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Toyota Kirloskar Motor (TKM) has announced its special offers for upcoming festive season. The offer will commence from October 1, 2016 and will run throughout the entire month. The offers will include - Assured gift on Purchase of Extended Warranty Package, Assured gift on avail of Express Maintenance in 60…

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Japanese auto safety parts supplier Takata Corp said on Thursday it expected to book a special profit of about 10 billion yen ($99 million) in the July-September quarter from the sale of US interiors unit Irvin Automotive Products Inc. Takata is selling the unit to Detroit automotive supplier Piston Group.…

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Magna International Inc. announced that it has signed a purchase agreement to acquire the BÖCO Group of Companies, an automotive supplier of latches, hinges and strikers, to help bolster its product portfolio and engineering capabilities in key regions. Subject to regulatory approval, the transaction is expected to close in the…

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Takata Corp's interiors subsidiary, Irvin Automotive, will be purchased by the Piston Group, a Detroit auto parts maker that is headed by former National Basketball Association player Vinnie Johnson, a source familiar with the matter said on Tuesday.The deal is expected to close later this week, the source said, at…