Nissan's second quarter operating profit collapsed 96 percent year on year to just 2.1 billion yen, badly missing a median analyst forecast of 60.1 billion yen in an LSEG poll. The drop came as a prior year benefit from…
Chipmakers are warning that the artificial intelligence boom is creating fresh bottlenecks in the automotive supply chain, as capacity shifts toward data centers and away from the mature chips cars depend on. Nexperia i…
Honda will invest $3 billion in a new auto plant in central Ohio, creating more than 2,000 American jobs as it leans into hybrid production. The factory, sited on land between Honda's existing East Liberty and Marysvill…
Used vehicle inventory in the United States reached its highest point since the COVID pandemic in October, rising 4.8 percent from a year earlier to a 50.4 day supply, according to the latest CarGurus Intelligence Repor…
Stellantis has finalized a deal to sell its Brampton, Ontario assembly plant to armored vehicle maker Roshel, a transaction expected to close by the end of the year that would end car manufacturing at the Toronto area f…
OEConnection, the automotive aftersales technology provider, has completed its acquisition of epyx, including sister companies r2c Online and Business Gateway, with all required regulatory approvals in hand. Through its…
German supplier Schaeffler will cut 3,460 jobs and close five sites in Europe, four in Germany and one in Belgium, blaming weakened demand for combustion-engine cars, slower EV adoption and intense competition. About 2,…
A shortage of an electronic component for engine control units is disrupting Fiat production in Italy, and Stellantis says it could continue through November and December. The shortage already weighed on October sales, …
Global supplier REACH has completed its acquisition of the legacy brands Carter Engineered Quality and Airtex/ASC. The deal strengthens REACH's cooling portfolio while moving it into the fuel delivery category. The acqu…
Nearly every major automaker, through the Alliance for Automotive Innovation, is urging Congress to make the US ban on Chinese vehicles permanent. The push targets the post-midterm session next week, after a Senate fast…
BP has completed the sale of a 65% controlling stake in Castrol to Stonepeak, a deal that values the lubricants business at about $10.1 billion and generated roughly $6 billion in after-tax proceeds for BP. BP keeps a 3…
The Alliance for Automotive Innovation, which represents GM, Ford, Toyota, Volkswagen, Hyundai, Stellantis and others, filed in support of the Trump administration's fuel economy rollback in the 1st Circuit Court of App…