News - Auto News

SOURCES

China's BAIC raising Daimler stake to unseat Geely as top shareholder, report says

China's BAIC is currently Daimler's third largest shareholder, but a stake of 10 percent will make it the biggest shareholder, surpassing its Chinese rival Zhejiang Geely, which controls a 9.69 percent stake.

Uber report adds fuel to ride-hailing reform fire

The results of Uber’s 2017-18 safety report, released this month, follow several external efforts to reform ride-hailing services.

UAW deals fail to curb health care cost burden

Two of the Detroit 3 won the ability to close plants, but the automakers agreed to contracts that are costlier than expected and don't address one of their top priorities: reducing their massive health care burden.

Hyundai, Kia, Genesis moving fast on new vehicles, technology

Not only are Hyundai, Kia and Genesis growing U.S. sales in a down market this year, but the company is investing billions of dollars in new technologies globally that could allow it to leapfrog traditional competitors.

Renault offers CEO job to Seat's De Meo, paper says

Luca de Meo, head of VW Group's Seat brand, will initially become CEO of Renault for two years before taking over responsibility for the automaker's alliance with Nissan, Spanish newspaper La Vanguardia reported.