Ally Q2 net income slips 11%; auto income down 19%

17July 2024

Ally Q2 net income slips 11%; auto income down 19%

Ally Financial’s net income fell 11 percent in the second quarter as the bank set...

17July 2024

Former Russian self-driving car company Yandex reboots as Avride

Now the core group of executives and engineers behind the self-driving efforts of former Russian...

17July 2024

Magna’s reconfigurable seats on a swivel unlock EV interior design

Seats developed by Magna can be adjusted to move forward or backward in a more...

17July 2024

North America auto manufacturing footprint unlikely to change through 2029, Chicago Fed says

Many existing plants will provide flexibility across propulsion systems as EV demand and consumer preferences...

17July 2024

Jaguar ending production of SUVs at Magna Steyr in Austria

Jaguar is discontinuing models built by the Austrian contract manufacturer ahead of launching new luxury...

17July 2024

Stellantis eyes old golf course for massive parts warehouse in Michigan

The automaker is planning to consolidate aging warehouses in the region, including those in Centerline,...

17July 2024

Why American Honda expects to grow faster in the U.S. than the industry this year

The Japanese automaker expects U.S. growth on returning brand loyalists and consumers sidelined during the...

17July 2024

Magna’s reconfigurable seats on a swivel unlock EV interior design

Seats developed by Magna can be adjusted to move forward or backward in a more...

17July 2024

Valeo seeks buyers for 3 French sites as Europe production slows

Suppliers are under pressure as the automotive industry grapples with a costly shift to electrification....

17July 2024

U.K. weighs response after EU imposes tariffs on China EV imports

The U.K. government commented after meeting the EU’s trade commissioner at a G7 ministers’ meeting...

17July 2024

EU’s Von Der Leyen eyes E-fuels carve-out for cars, key lawmaker says

The law to phase out carbon emissions will be reviewed in 2026, and while negotiators...

17July 2024

How Forvia’s Lego-like automated robots help its U.S. plants become more efficient

Forvia says its flexible, automated door panel manufacturing lines at plants in Michigan and Tennessee...

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