China auto sales fall in October, deepening slump

China's auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry's biggest market deepened. Continue Reading Below Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million units, the China Association of Auto Manufacturers reported Friday. Auto demand had been forecast to weaken after […]

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FCA sells auto parts unit to Japanese firm; $7 billion deal

Fiat Chrysler Automobiles has announced the sale of its auto components division to Japanese automotive component supplier Calsoni Kansei Corporation in a deal valued at 6.2 billion euros ($7 billion). FCA said Monday that the Magneti Marelli sale would create the world's seventh-largest components maker with greater geographical reach, scale and financial strength, encompassing 200 facilities in Europe, Japan, the […]

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NAFTA replacement deal lifts Wall Street

NEW YORK (Reuters) – Wall Street kicked off the fourth quarter on a positive note on Monday, as a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade concerns. Canada and Mexico accepted more restrictive commerce in the new United States-Mexico-Canada Agreement (USMCA), which will make it harder for global automakers to build cars cheaply in Mexico […]

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Paris Auto show highlights electric SUVs yet diesel lives on

Mercedes takes on Tesla with first fully electric car FBN’s Lauren Simonetti on Mercedes unveiling its first fully electric car. PARIS (AP) — Diesel is in the doghouse. There's a global fight over trade. Brexit is looming. Tighter vehicle emissions rules are on the way. Continue Reading Below Those are among the challenges facing auto executives as they gather this […]

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Japan dodges US auto tariffs, for now, as Trump and Abe agree on trade talks

(AP Photo/Lynne Sladky) President Donald and Japanese Prime Minister Shinzo Abe agreed on Wednesday to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs. Continue Reading Below The two countries said in a joint statement the talks "will respect positions of the other government," drawing lines on autos and Japan's agriculture sector, according to Reuters. Japan […]

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'Marketing can't be made up': Volvo's brand chief wants communications to mean something

We’ve all seen glossy advertising campaigns that seem a world away from the reality of the product. But for Volvo, marketing must reflect what is actually happening inside the company. “I think one of the major things is marketing cannot be about making stories. It has to be genuine and real. So you need to actually, do change, not say […]

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This life-size, driveable Bugatti Chiron supercar is built entirely from Legos — take a look

The Bugatti Chiron — a sleek supercar worth millions — is the ultimate drive for auto enthusiasts. But one made entirely of Legos takes the idea of expensive toys to a whole other level. Lego announced Thursday that it has successfully built a life-size, driveable replica of the Bugatti Chiron, entirely made of more than 1 million Legos. The Lego […]

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China is owning the future of cars. German automakers want in

German automakers know the future of their industry is electric, autonomous and in China. Top German carmakers including BMW (BMWYY) and Volkswagen (VLKAY) have inked a series of deals this week to continue developing electric and self-driving cars in China. The flurry of commitments coincides with a trip to Berlin by Chinese Prime Minister Li Keqiang, but it also reflects […]

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