Chinese automaker will shun dealers in Europe, U.S. markets

Uber's autonomous vehicle unit raised $1 billion from Toyota, Denso and SoftBank, giving Uber a funding boost for its self-driving ambitions on the eve of its IPO.

The new SUV will have a common Mahindra product platform and powertrain, helping to reduce product development costs and gain economies of scale.

Women will become the majority on the board of General Motors this year after two male directors retire. It's a first for an automaker and places GM among a handful of companies.

Jose Munoz, the 20-year veteran of Toyota and Nissan, inherits a revitalized Hyundai vehicle lineup in the U.S. and comes with a reputation for pushing hard to achieve his boss's targets.

Chinese electric-vehicle maker Byton, which is facing a management shake-up and questions about funding an expansion, said plans to launch its first model, an SUV, are on course for July.

Shareholders in Brembo approved on Thursday a loyalty share scheme which would allow the family that owns the Italian premium brake maker to retain control as the company looks to expand through acquisitions.

Volkswagen Group and Nissan are among the automakers increasingly counting on Chinese government tax cuts to stimulate demand and help the world's biggest auto market rebound from its worst slump in a generation.

EU lawmakers endorsed a Wi-Fi standard for cars backed by Volkswagen, Renault and Toyota over 5G technology promoted by BMW, Daimler, Ford, and PSA. At issue are the rules of the road for future connected and automated cars.

The Genesis Mint city car from Hyundai's premium brand is a design exercise scaled to dense urban environments where space is at a premium, but luxury is still appreciated.

Ford will add an "affordable" nameplate in the United States aimed at filling the hole left by ending sales of the Fiesta, Focus, Fusion and Taurus sedans.