Adient posts $36M net loss in Q4, projects growth for 2021
Despite a deeper net loss from the year before, the results still marked a significant improvement from Adient’s third-quarter net
Read More
Automotive
TrueCar completes $135M sale of ALG unit to J.D. Power
TrueCar said the transaction will boost the company’s cash balance and the proceeds will support an ongoing share repurchase program
Read MoreTrueCar completes $135M sale of ALG unit to J.D. Power
TrueCar said the transaction will boost the company’s cash balance and the proceeds will support an ongoing share repurchase program
Read MoreCDK Global to sell international business for $1.45 billion
CDK Global says it will focus on its core North American operations and repay debt as it considers future capital
Read MoreS&P Global to buy IHS Markit in deal valued at $44 billion
IHS Markit is a major player in the automotive data segment. S&P Global is renowned for providing debt ratings to
Read MoreGM drops plans to build Nikola’s EV pickup
The new deal, a non-binding memorandum of understanding, eliminates plans for GM to take an equity stake in the startup
Read MoreVW’s executive committee to discuss Diess’ future, report says
Diess has encountered opposition to his efforts to reform the automaker and may review his position if his attempts continue
Read MoreChina approves sales of Shanghai-made Tesla Model Y
Tesla will start selling the crossover alongside the locally built Model 3. source https://www.autonews.com/china/china-approves-sales-shanghai-made-tesla-model-y
Read MoreHyundai sales down 9% in a skewed November
When some automakers report sales today, their top-line volumes are expected to show sharp declines because November 2020 had three fewer selling days than the same month last year. Analysts say strong transaction prices mean retail demand remains high, despite uncertainty in the broader economy.
Ford picks German plant to build new EV, reports say
The automaker will invest 1 billion euros ($1.2 billion) into the Cologne factory for EV production, according a German newspaper
Read More