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GM's autonomous vehicle unit to get $2.25 billion boost from investment firm

by deeperkins | May 31, 2018 | Uncategorized

SoftBank Vision Fund, a prominent technology investment firm, will invest $2.25 billion in General Motors’ Cruise Automation autonomous vehicle operations. Source: Auto Feed

Japan investigators plan to raid Kobe Steel, report says

by deeperkins | May 31, 2018 | Uncategorized

Japanese prosecutors will conduct an on-site investigation at Kobe’s offices as early as Thursday, the Yomiuri Shimbun reported, opening the possibility of criminal charges against the company. Source: Auto Feed

Autoliv's electronics business wins record orders ahead of spinoff

by deeperkins | May 31, 2018 | Uncategorized

Autoliv said it had seen record order intake over the past year for its electronics business, Veoneer, which makes products such as radars and vision systems. Source: Auto Feed

Trump threatened to bar German luxury cars in U.S., report says

by deeperkins | May 31, 2018 | Uncategorized

President Trump told French President Emmanuel Macron he would block German luxury carmakers from the U.S. market, a German magazine reported. Source: Auto Feed

SF Motors plans to open EV operations at Indiana plant by end of 2020

by deeperkins | May 30, 2018 | Uncategorized

Chinese-owned electric vehicle developer SF Motors is planning to open a $160 million plant in northern Indiana by the end of 2020. Source: Auto Feed

Santander falls as FCA reportedly adding own finance arm

by deeperkins | May 30, 2018 | Uncategorized

Santander Consumer USA shares fell after Bloomberg reported that its auto-finance partner Fiat Chrysler Automobiles was preparing an announcement on forming its own captive lending unit. Source: Auto Feed
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