Apple Inc (AAPL.O) is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division.
Automotive
GM plans $5 billion share buyback, agrees deal to avert proxy fight
General Motors Co. said Monday it would launch a new, $5 billion share buyback, and put forward a more detailed plan for capital allocation that promises investors the potential for further cash returns.
Fiat Chrysler recalls 703,000 vehicles in U.S. to fix ignition switches
Fiat Chrysler Automobiles is recalling 702,578 SUVs and minivans to fix defective ignition switches that can unexpectedly turn off the engine, according to documents posted Friday by U.S. safety regulators.
Silicon Valley debate on self-driving cars: do you need a map?
The Silicon Valley race to build a self-driving car may revolve around one simple question: to map or not to map. The company at the forefront of the race, Google Inc, is creating intricate maps that detail every tree and curb along the road - an expensive endeavor that other companies could find difficult to match.
Volkswagen to announce $1 billion investment in Mexico: source
German carmaker Volkswagen (VOWG_p.DE) will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.
Latest News
The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. The world's automakers will gather in the Swiss city to tout their latest minivans, city cars and sport utility vehicles against an uncertain market backdrop, with growing signs of recovery in Europe offset by slowing demand in emerging markets.
Japan's Mazda Motor Corp (7261.T) will sell only diesel-powered cars in the domestic launch of its key model for 2015, gambling it can convince the country's army of hybrid petrol-electric drivers that the days of sooty, noisy diesels are long gone.
Nissan Motor Co (7201.T) will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said on Friday.
Toyota Motor Corp's (7201.T) Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday.
Chinese auto parts maker Wanxiang Group (000559.SZ) will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday.
Daimler AG's (DAIGn.DE) Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday.
Honda Motor Co (7267.T) on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month.
General Motors Co was caught by surprise on Friday by a strike at its Brazilian car factory as workers protested a planned furlough and layoff of hundreds of staff, in the latest labor disruption in the nation's slumping auto industry.
A year and a half ago, Apple Inc (AAPL.O) had applied for just eight patents related to auto batteries. Recently, it has hired a bevy of engineers, just one of whom had already filed for 17 in his former career, according to a Thomson Reuters analysis.
