Icahn to gain full control of Federal-Mogul with $300 million deal
Billionaire investor Carl Icahn, after nearly a year of posturing with Federal-Mogul's shareholders, will take full ownership of the diversified auto parts supplier in a roughly $300 million deal.
U.S. regulator closes Tesla death probe; no evidence of defects
UPDATED: 1/19/17 1:30 pm ET -- new story
U.S. regulators said on Thursday they found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first known fatality involving semi-autonomous driving software.
Panasonic aims to move Tesla auto partnership beyond batteries
Panasonic aims to extend its partnership with electric car maker Tesla Motors beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.
Takata's remaining two bidders to seek court-led turnaround in Japan, report says
UPDATED: 1/19/17 6:21 am ET - adds details
Takata's two remaining bidders plan to propose a court-mediated turnaround for the Japanese operations of the troubled airbag supplier, the Nikkei business daily reported.
Automakers will continue Mexico investments despite Trump threats, study says
Forecasting firm LMC Automotive expects automakers will continue to invest in Mexico over the next four years despite tariff threats and social media shaming from President-elect Donald Trump.
Tesla to build motors, gearboxes in Gigafactory
Tesla will manufacture the electric motors and gearboxes for the upcoming Model 3 at its Gigafactory in Nevada.
Apple sued for not preventing texting and driving
Apple is facing a potential class-action lawsuit in California for declining to deploy technology that could prevent iPhone users from texting while driving.
GM settles ignition-switch disclosure case with SEC
General Motors today said it will pay a $1 million fine to settle an investigation by the U.S. Securities and Exchange Commission related to its 2014 ignition-switch recalls. The agreement does not require GM to admit any wrongdoing, nor does it call into question any of GM’s financial statements or disclosures, the company said.
GM's $1 billion investment plan to take toll on American Axle
General Motors' plan to invest $1 billion into U.S. factories and add thousands of jobs comes at the expense of one Detroit supplier. American Axle & Manufacturing is losing part of its business to supply GM's next-generation full-size pickup trucks and SUVs.
Ross tells Canada that U.S. will open NAFTA negotiations, report says
Canadian officials say Wilbur Ross, the nominee for US commerce secretary, has indicated that a formal-notification letter to open negotiations on NAFTA will be sent to Canada and Mexico within days of the inauguration of President-elect Donald Trump, according to the Globe and Mail newspaper.
5 automakers form hydrogen alliance with energy, transport giants
Toyota, BMW, Daimler, Honda and Hyundai are joining oil and gas giants including Royal Dutch Shell and Total with plans to invest a combined $10.7 billion in hydrogen-related products within five years.