Automotive Industry News
A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
AI, China, 'dark factories' and the future of the US auto industry
Economist Mary Lovely dismisses claims that getting automakers to produce more cars in America is proof that tariffs work. She warns the US could end up building more auto plants, but because of automation, employ even fewer workers. Published On…
Penske Automotive Raises Quarterly Dividend by 1.4% to $1.44
Penske Automotive Group's board has raised the quarterly dividend by 1.4%, to $1.44 from $1.42, making it 23 consecutive quarters that the transportation-services company has boosted its payout. The new dividend rate, equal to $5.76 a year…
As Musk pivots beyond cars, Tesla's autos engine is under strain
As Elon Musk pivots to robots and AI, he wants investors to stop thinking of Tesla TSLA.O as simply an automaker. Yet to fund those bets, he is relying on a car business that is under mounting pressure, as the company's second-quarter results on…
Spanish auto parts maker Antolin wins U.S. asset protection - TT
Antolin manufactures doors, instrument panels, center consoles, interior coverings and roof components as well as electronic systems. (Brent Lewin/Bloomberg) A U.S. judge on July 22 granted Grupo Antolin temporary protection from creditor lawsuits…
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Is JSW's Volkswagen deal the start of a new homegrown auto giant?
The JSW Group, one of India's largest industrial conglomerates, is in “advanced talks” to buy a majority stake in Volkswagen's India operations. First reported by Bloomberg News and then by Reuters, this potential tie-up could change…
Indian auto parts industry seen growing at 10% CAGR till FY30: Goldman Sachs
India's precision machining and auto parts industry is expected to grow at a 10 per cent annual revenue rate between FY26 and FY30, driven by diversification into sectors such as semiconductors, defence, aerospace, electric vehicles (EVs) and data…
Ford and Geely Agree to Share Underused Spanish Auto Factory
China's Geely has agreed to take over part of a Ford Motor Co. factory in Spain, according to people familiar with the matter, adding to a string of Chinese investments reshaping the country's auto industry. Spanish Prime Minister Pedro Sanchez is…
'30 Years. 20 Stores. One Heart!' Crossroads Automotive Group Marks Three Decades in the Carolinas
'Looking back, the catalyst for everything Crossroads has become started in 1996 with one Ford dealership in Cary. We believed in building a team that was best in class, serving customers the right way, and never losing sight of our values. Thirty…
Penske Automotive Group: Go-Private Deal Appears Likely (NYSE:PAG)
Penske Automotive Group surged on a $210 per share take-private bid from Penske Corp and Mitsui, valuing the company at $13.8 billion. Given PAG's undervaluation and resilient business model, I expect the final deal price to exceed the initial $210…
Penske Automotive Group: Near The Finish Line As A Public Company With Mitsui Buyout (NYSE:PAG)
Penske Automotive Group has received a buyout proposal at $210/share by Penske Corp. and Mitsui, but a higher final price is likely. PAG is trading above the initial offer, reflecting market expectations for a negotiated final deal around…
Hyundai Profit Falls as Weak Auto Demand, Labor Unrest Weigh
recorded weaker second-quarter net profit as vehicle sales declined amid cooling global demand, marking the latest setback for South Korea 's largest carmaker. The downbeat earnings come as Hyundai's unionized auto workers in South Korea are…
EU Auto Market Continues to Grow - Chinese Sales on the Rise
Chinese automakers such as Chery, BYD, and Leapmotor continue to make great strides in the European market. (File photo) In June, new passenger car registrations in the EU rose by 13.6 percent. Fully electric cars and hybrid models are seeing…
From Legacy Brands To Value Creation In The Modern Aftermarket
Anan Bishara is the founder and CEO of Premium Guard Inc. (PGI), established in 1996. The automotive aftermarket has grown and been fundamentally reshaped over the past several decades. What was once an industry built on brand recognition, scale…
Penske and Mitsui seek to take Penske Auto private in $3.8B deal
This audio is auto-generated. Please let us know if you have feedback. Penske Corp., Tokyo-based Mitsui & Co. Ltd., and Mitsui's New York-based U.S. subsidiary announced a proposal on July 22 to acquire the 27.8% of publicly traded megadealer…
WhatsApp Rolls Out Direct iPad Sign-Ups, Revamped CarPlay and Android Auto, PDF Editing and Music Sharing
WhatsApp has announced a new batch of features aimed at expanding how users access the messaging service across devices. The latest rollout includes the ability to create a WhatsApp account directly on an iPad, revamped CarPlay and Android Auto…
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