News - Auto News

Ross says it's 'too early' to say if U.S. will impose auto tariffs

Commerce Secretary Wilbur Ross said it was "too early" to say if the United States would impose tariffs of up to 25 percent on imported cars and parts.

Auto industry tells Commerce Dept. to ditch tariff proposal

A wide spectrum of auto interests, armed with the latest impact studies, warned at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.

Why a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier

Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.

Iron Man edition unveiled for Hyundai Kona

Hyundai is extending its Marvel collaboration with a special Iron Man edition of the Kona subcompact crossover. The version is scheduled to be unveiled Thursday at Comic-Con in San Diego.

Fiat Chrysler prepares for Magneti Marelli spinoff

Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, Reuters reported.