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Vietnam’s richest man bets $2 billion to sell cars to Americans

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

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 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 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

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

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

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

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

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

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.