Little-known Chinese electric car start-up Singulato Motors is expected to say this week it raised around $600 million in a second fundraising - the latest such move illustrating China's headlong 'gold rush' into all-electric battery cars.
Nov. 7 , 2016
As troubled Japanese auto supplier Takata Corp. prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company's defective airbags, sources have told
Nov. 7 , 2016
Volvo Cars continued its trajectory towards another record year in global sales in October, on the back of a strong performance in China. Year-to-date sales growth globally amounted to 8.4 per cent, resulting in total sales for the first ten months o
Nov. 7 , 2016
Washington — President Barack Obama’s administration is moving to accelerate the development of electric cars by establishing 48 national charging corridors on U.S. highways that will cover nearly 25,000 miles in 35 states and Washington, D.C., fulfi
Nov. 4 , 2016
Detroit auto supplier American Axle and Manufacturing Holdings Inc. said Thursday it is buying Southfield-based Metaldyne Performance Group Inc. for $1.6 billion cash and stock and will assume $1.7 billion in debt.
Nov. 4 , 2016
BMW (BMWG.DE) posted flat third-quarter operating profit on Friday as investments in new technologies and hiring staff ate into profits from sales of its premium cars.
Nov. 4 , 2016