BorgWarner (BWA) opens a new state-of-the-art technical center in Noblesville, IN. The center strengthens the company's research and development capability to cope with rising customer demand.
European stocks jumped, while the euro slumped against the dollar after the ECB indicated that it will not raise interest rates before summer 2019.
In order to cater to the commercial vehicle aftermarket, Dana (DAN) launches drivetrain product line Spicer Select, preferably for old vehicles.
Magna (MGA) partners with MI-based May Mobility to co-develop self-driving electric shuttle, which is scheduled to be introduced in June 2018.
ALSN vs. RACE: Which Stock Is the Better Value Option?
After witnessing declining profit in North America, Nissan (NSANY) now focuses on Asian and African markets.
Toyota (TM) to invest $1 billion in South Asian ride-hailing transport services company, Grab, to strengthen the existing partnership for expanding mobility services.
Allison Transmission (ALSN) partners with TSPs to provide connected capabilities for fleet management.
Tesla (TSLA) announces to reduce its workforce by around 9% to lower expenses and become sustainably profitable.
Copart (CPRT) adds another location at Lumberton, NC, to manage disaster-hit vehicles in the coastal plains.
American Axle (AXL) signs a contract to supply PTUs for Ford's crossover vehicles, thus, strengthening its relationship with Ford.
Lissalde to be the new CEO of BorgWarner (BWA) with effect from Aug 1, 2018.
Genuine Parts' (GPC) Alliance Automotive Group to acquire German Hennig Fahrzeugteile Group. This acquisition is in line with the company's global growth strategy through acquisitions.
Navistar (NAV) raises fiscal 2018 full-year guidance, driven by solid industry conditions.
The acquisition of Chris-Craft is in sync with Winnebago's (WGO) strategy to diversify its portfolio in the outdoor lifestyle market.
Goodyear (GT) extends its worldwide innovation network to include Ann Arbor, MI-based Mcity. The company is going to carry out tests at the Mcity Test Facility.
With an aim to be a leader in mobility services, Daimler (DDAIF) widens its investment portfolio by adding another ride-hailing company.
Ferrari N.V. (RACE) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Delay in achieving the Model 3 production target in the United States impels Tesla (TSLA) to delay the international launch of the vehicle.
Escalating political turmoil in Italy has adversely affected the U.S. financial market as President Sergio Mattarella rejected Paolo Savona's appointment as the economy minister.