Author: Automotive News Breaking News Feed

VW’s top board is due to vote on a multibillion-euro investment plan, including steps to retool three German plants to mass produce EVs and to explore alliances with battery partners and competitors.

Volkswagen will invest $1.4 billion to revamp a plant in eastern Germany into Europe’s largest electric-car factory, giving chase to a global move into affordable zero-emission vehicles.

VW will convert two more plants in Germany to build electric vehicles, creating what the automaker said will be Europe’s largest EV production network.

The revamped 2020 Toyota Corolla sedan will hit the streets on a new platform and with a more powerful engine option and edgier design that gives off a more athletic look. The Corolla, consistently among the top-selling light vehicles in the U.S.

Elon Musk is apparently charting his way out of what he’s referred to as ‘delivery logistics hell’ by making acquisitions and lining up more contracts with car haulers.

Peter Zieringer, CEO of Mercedes-Benz Financial Services USA, will leave his post to lead Daimler Financial Services’ European operations. Peter Henn will replace him.

Dayco, a maker of engine parts for vehicles and industrial equipment, has received offers from bidders including Apollo Global and Gores Group, people familiar with the matter told Bloomberg.

The Honda Passport, being revived as a two-row crossover slotted between the CR-V and Pilot, will compete next year with the Ford Edge, Chevrolet’s new Blazer, Hyundai’s Santa Fe and Nissan’s Murano.

Auto industry groups used a trade commission hearing to warn about the ill effects from U.S. steel and aluminum tariffs, and potential new tariffs on autos and auto parts.

China’ Didi Chuxing says it will butt heads with Uber in Mexico City, Latin America’s biggest metropolis, starting as soon as next month. And a startup owned by Daimler also is coming to town.