Apple hires architect of BMW and Mercedes satellite navigation systemsAuto News

Apple has hired Sinisa Durekovic, a software engineer who led the development of satellite navigation systems used by luxury carmakers including BMW, Mercedes-Benz and Audi.

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GM Rolls Out Spiffs After Rough May (6/2/16)

GM launches spiff offensive after sales plunge; Mercedes ahead in U.S. luxury race; Takata suitor?;...
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Leasing, average auto loan amounts at record levels, Experian saysAuto News

Automotive leasing levels, average loan amount and average monthly payments each reached highs in the first quarter, Experian said in its latest State of the Automotive Finance Market report, released today.

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Auto lending market 'a little stressed,' JPMorgan Chase CEO Dimon saysAuto News

JPMorgan Chase CEO Jamie Dimon said the market for U.S. automobile lending is 'a little stressed' and that he foresees higher losses ahead for some competitors.

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GM boosts Chevy incentives after May joltAuto News

General Motors, which has seen its U.S. market share fall faster than any other automaker through the first five months of the year, is hitting back with multiple June promotions and marketing plays for Chevrolet. Chevy U.S.

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ZF weighs more deals, asset sales following TRW acquisitionAuto News

ZF Friedrichshafen is considering more acquisitions as well as selling assets after catapulting into the ranks of the world's biggest car-parts manufacturers via last year's $12.9 billion takeover of TRW Automotive.

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China's Ningbo Joyson considers bid for Takata following Key Safety acquisitionAuto News

China's Ningbo Joyson Electronic Corp. is interested in acquiring embattled Japanese airbag supplier Takata.

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France's Valeo to acquire German clutch maker FTE Automotive for $914 millionAuto News

French car parts supplier Valeo said today it would buy German clutch manufacturer FTE Automotive for 819.3 million euros ($914 million).

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BMW revamps 'i' electric car division to focus on self-driving techAuto News

BMW has transformed its "i" division into a development center for self-driving cars, a board member told Reuters, a major strategic shift for the unit previously focused on making a family of lightweight electric vehicles.

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VW's U.S. volume tumbles 17% for worst May since 2010Auto News

Continued weakness in car deliveries led Volkswagen of America to its worst May U.S. sales total since 2011, while luxury sibling Audi narrowly notched its 65th straight year-over-year monthly sales record last month.

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Mercedes SUVs help boost U.S. sales lead over Lexus, BMWAuto News

Mercedes-Benz outsold its luxury auto competitors in the U.S. in May, building its lead in a down month thanks to continued demand for its SUVs.

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GM drop-off helps drag down Canada sales 1.6%Auto News

A steep decline in sales at GM dragged down Canadian light-vehicle sales by 1.6 percent last month to 194,866 vehicles, an industry report said today.

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Six automakers to recall nearly 2.5 million U.S. vehicles over Takata airbagsAuto News

Six automakers said today they are recalling nearly 2.5 million U.S. vehicles with defective Takata airbag inflators, documents posted with government regulators show.

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Former GM executive Darwin Clark diesAuto News

Darwin Clark, a General Motors executive who held key senior management positions at Buick and Oldsmobile and in GM's overseas operations from the 1980s to the early 2000s, died this week.

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