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Japan’s automakers’ association said on Thursday it hoped that the North American Free Trade Agreement (NAFTA) would maintain its current framework as the United States, Canada and Mexico update the trade pact amid growing trade tensions between the United States and its trading partners. “Japanese automakers’ businesses in North America…

Global automotive supplier Hanon Systems (KS: 018880) today announced it has signed an agreement with Magna International Inc. to acquire its global Fluid Pressure & Controls business in a transaction valued at approximately $1.23 billion, before the assumption of net debt and pension liabilities at closing, and subject to customary…

Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report. “Considering the current market dynamics, the 1 million target will likely shift to 2022,” the report by the German National Platform for Electric…

Volkswagen AG and Ford Motor Co. are set for more competition in the race to roll out self-driving vehicles as parts supplier ZF Friedrichshafen AG develops its own offering in the latest sign of how technology shifts are upending traditional roles in the auto industry. ZF plans to invest 12…

EU antitrust regulators are investigating whether BMW, Daimler  and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. The European Commission opened an in-depth investigation on Tuesday, nearly a year after it raided the companies and two…

German carmaker BMW said it will move the annual maintenance shutdown period for its British Mini plant to just after Britain is due to leave the European Union in April, in case there is no Brexit deal. Carmakers generally close their factories over the summer for a few weeks to…

Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) said it will go down to a three-day week at its Castle Bromwich plant in central England just days after its boss warned about the impact of Brexit and diesel policy on manufacturing. The Castle Bromwich facility will operate a three-day week from…

Volkswagen plans to build 10 million electric cars based on its new modular MEB platform, the German car maker said on Monday, as it targets the launch of worldwide mass production toward the end of 2022. VW will build 27 models for four group brands based on the MEB -…

German automaker BMW will recall more than 139,000 of its 3-series cars in China from Nov. 9, because of a defect in the air-conditioning system, the market regulator said. The recall covers 89,309 vehicles produced in China between May 2005 and July 2011, and 50,143 imported vehicles manufactured between January…

Volkswagen’s Mexico unit said it would focus on producing SUVs and the final special-edition Beetle at its plant in the central state of Puebla. The company on Thursday said it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as…

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