Discussions have opened a path to the creation of a new group with global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders.
Veoneer, Inc. has signed agreements (the "Definitive Agreements") to sell its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd.
The $110 million 155-acre Southport Auto Terminal and Vehicle Processing Center (VPC) was opened with a ceremonial ribbon cutting.
General Motors announced a series of executive appointments, effective November 1, 2019.
BMW is leading the way as a premium provider of electrically powered and plug-in hybrid vehicles, having launched numerous updated plug-in hybrid models including the all-new X3 xDrive30e this year, with X1 xDrive25e joining the portfolio early next year.
DENSO, the world’s second-largest mobility supplier, has announced its second quarter (July-September) financial results for its fiscal year 2019, as well as updates in its business strategy to create and inspire new value for the future of mobility.