Author: Automotive News n Feed

Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe’s biggest and most competitive segment after its predecessor slipped to a disappointing No. 18.

Peter Schreyer has dreamed of designing a true sports car for Kia since joining the Korean automaker from VW in 2006. The result is the Kia Stinger. Schreyer discussed the sport sedan’s genesis with Automotive News Europe.

Trump expected to reopen MPG review; Volvo plans 250-mile EV; Tesla Model 3 hits street; Mobileye deal to hasten self-driving era?; Ford tests Smart Service kiosk; A special Toyota.

Chip giant Intel buying Mobileye; Lincoln to make SUV in China; Piech ousted again?; Easing driverless-car rules in CA; Car inventories swelling; Sync 3 learns Chinese handwriting.

(Reuters) — Intel has agreed to buy Israeli autonomous-driving technology company Mobileye in a deal valued at $14.7 billion. Mobileye accounts for 70 percent of the global market for advanced driver-assistance and anti-collision systems.

Spanish supplier Gestamp is planning an initial public offering valuing the company at around 3.4 billion euros ($3.6 billion), one of the biggest European stock market listings so far this year.

Gestamp plans an initial public offering valuing it at about 3.7 billion euros ($3.9 billion) in what would be one of the biggest European stock market listings so far this year.

Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world’s largest auto market and aims to catch up with German and U.S. rivals.

Volkswagen Group’s core VW brand reduced its fixed costs in Germany for the first time in nearly a decade last year, but management doesn’t expect the brand can maintain the same momentum as it launches its biggest product offensive to date.