Vietnam’s richest man bets $2 billion to sell cars to Americans
VinFast follows a long list of Chinese automakers that have also had ambitions to sell vehicles in the U.S. going back more than a decade.
Audi plans to launch global ad campaign at Super Bowl
The buy marks Audi’s second straight Super Bowl ad and the eleventh time it will appear in the game.
The Mona Lisa of Mustangs revs up for auction block
The famed hero car in arguably the greatest car chase in film history — Steve McQueen raced it for 10 minutes through the streets of San Francisco in the 1968 thriller Bullitt — an unrestored Ford Mustang fastback in Highland Green will go on sale with no reserve on Jan. 10.
Group 1 buys Lexus dealerships in New Mexico
Group 1 said the acquisitions are expected to generate about $90 million in annual revenue. Terms of the deal weren't disclosed.
House Democrats plan USMCA vote as automakers praise revised agreement
Representatives from Canada, Mexico and the Trump administration will meet in Mexico City later Tuesday to sign the amendments to the trade agreement.
China sees U.S. postponing Dec. 15 threat as tariff cuts debated
The ongoing discussions illustrate the difficulties in reaching an accord that President Donald Trump said more than eight weeks ago was basically done and would take three to five weeks to put on paper.
China auto sales drop for 17th straight month in November
Light vehicle sales in the world's biggest auto market fell 3.6 percent from the same month a year earlier, the China Association of Automobile Manufacturers said.
Valeo counts on EVs, safety tech to meet new goals
The French supplier set new financial targets while promising 12 technological platforms with the goal of boosting profits and improving its competitive edge.
Kim Woo-choong, founder of S. Korea's Daewoo Group, dies at 83
The defunct Daewoo, started by Kim in 1967, symbolized South Korea's meteoric rise after the Korean War before becoming one of its biggest corporate failures. Its Daewoo Motor unit was acquired by GM in the early 2000s.
Honda's Hachigo seizes the wheel as quality crisis hits profits
Expected to be announced early next year, the reforms led by CEO Takahiro Hachigo are meant to simplify the way Honda designs cars and put its engineering resources to more effective use at a time when it needs to develop cars for an electric age.