Nissan agrees to $98 million settlement on Takata economic loss claimsAuto News

Nissan agreed to a $97.7 million settlement to resolve class-action consumer economic loss claims in the U.S. tied to the recall of 4.4 million vehicles with Takata airbag inflators.

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Intel finalizes $15 billion Mobileye acquisition Auto News

Intel has completed its $15 billion acquisition of autonomous driving tech company Mobileye. The finalized acquisition cements Intel's efforts to break into the autonomous vehicle market.

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Adient to close Recaro plant in suburban DetroitAuto News

Adient is closing a seat assembly plant in suburban Detroit in a move that will affect 129 employees.

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Ex-FCA Analyst Pleads Guilty in Conspiracy Probe (8/8/17)

Ex-FCA analyst pleads guilty in conspiracy probe; Toyota-Mazda plant: Advantage Mississippi?;...
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Martinrea's adjusted Q2 profits rise 26% on efficiency gainsAuto News

Canadian metal parts supplier Martinrea International Inc. posted a boost in net income and profit margins

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Lithia's acquisition in Calif. adds $1 billion in revenueAuto News

Lithia Motors said it ought Downtown Los Angeles Auto Group, also known as Shammas Automotive Group, adding $1 billion in annual revenue.

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Musk revs up Tesla bond buyers, raises $600 million in a few hoursAuto News

Tesla's Elon Musk is selling his dream. Bond investors seem to be closing their eyes and buying it. Musk on Monday came away with orders for $600 million after just a few hours.

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Uber considering sale of U.S. car-leasing business, report saysAuto News

Ride-hailing company Uber is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter told Reuters.

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How did the Chevy Camaro get its name?Auto News

With Ford's Mustang selling through the roof since going on sale in 1964, GM needed something new to compete with its rival's pony car. It was the Camaro.

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U.S. asks judge to dismiss Toyota acceleration case as monitoring endsAuto News

The Justice Department asked a federal judge to dismiss a criminal charge against Toyota after the Japanese automaker completed three years of monitoring as part of a $1.2 billion legal settlement.

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Former FCA analyst Durden pleads guilty to conspiracyAuto News

One of two Fiat Chrysler officials so far charged in a conspiracy to embezzle millions from a joint FCA-UAW training fund pleaded guilty this morning in federal court.

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Subaru's new Forester compact crossover spiedAuto News

Fresh spy photos offer a better idea of what Subaru's popular compact crossover will look like on the brand's global platform.

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At Nurburgring, Subaru avenges flameout with recordAuto News

Subaru avenges its flameout at this year's 24-hour Nurburgring endurance race by conquering the notoriously demanding track with a record lap time.

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Slight increase in average fuel economy for vehicles sold in JulyAuto News

The average fuel economy of new light vehicles sold in the U.S. in July rose to 25.4 mpg, up 0.3 mpg from June.

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Faraday to lease former tire plant in CaliforniaAuto News

Struggling EV startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, pivoting from an earlier plan to build a plant in Nevada.

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As Toyota and Mazda scour the U.S.; Mississippi opens armsAuto News

As Toyota and Mazda begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi.

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Bolt, Model 3 Ready to (Silently) Rumble (8/7/17)

Bolt, Model 3 ready to (silently) rumble; Chrysler partners with kiddie ride-hailing service; A...
from TumblrCynthia Lin

For Toyota, it's all about newcomer statusAuto News

Some governors probably shouldn't bother making a quick call to Toyota City or Plano, Texas, home to Toyota's new North American headquarters, to land America's newest auto factory.

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Tesla seeks $1.5 billion to fund Model 3 productionAuto News

Tesla intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to fund the production of the Model 3.

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BMW's 'future-proof' EV strategyAuto News

BMW is planning combustion, hybrid and electric versions of its core nameplates. The strategy will allow the automaker to flex production depending on what is selling better.

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