Jim Farley's gambit to leave a flourishing Toyota career to help save a foundering Ford at the outset of the Great Recession has paid off, but he will have much on his agenda when he takes charge Oct. 1.
Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, after Japan had sought their extradition. A magistrate also previously denied their release.
Georg Schaeffler and Maria-Elisabeth Schaeffler-Thumann's combined fortune has been diminished to $8.5 billion during the coronavirus pandemic, which has hurt their two large automotive assets.
Former Ford designer J Mays testified on behalf of Land Rover in its bid to trademark the shape of the original Defender. But a judge sided with Ineos, which plans to build the Grenadier 4X4.
Fisker said it expects to reach a definitive agreement "in the next few months" to have Magna Steyr start production of the Fisker Ocean at its factory in Graz, Austria, as early as the fourth quarter of 2022.
The South Korean supplier has benefited from European government subsidies to help boost EV sales as well as new models from automakers including VW Group.
Austria-based AMS is seeking to expand its automotive sensor activities. Vehicles from China's Great Wall will use its technology in autonomous driving systems.
Imports of the Space Star/Mirage small car, the brand’s best-seller in Europe, and L200 pickup are expected to continue until the end of 2021. The source said those two models won't be enough. “Without the SUVs," the source said, "there is no business.”
The diversified Canadian parts supplier is the latest of several major automakers to report losses this week as its customers shut production amid government-enforced lockdowns.
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