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Manufacturing

Bosch rejected stock listing to raise money for industry shift to EVs, report says

Robert Bosch, the world's largest automotive supplier, discussed the merits of a potential stock market floatation with investment bankers as part of a broader funding review, but has chosen to remain unlisted, people close to the matter said.


GM worker transfers come with asterisk

In a letter to the editor, an Automotive News reader questions GM's approach to hiring temporary employees while workers await transfers.

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GM's fast-rising CFO takes on high-speed strategy

Dhivya Suryadevara has quickly risen through the ranks of GM since starting as a senior financial analyst in 2005. But her new tasks — a multibillion-dollar restructuring, overseeing business development and driving shareholder value — will pose some of the toughest challenges yet.

VW-Ford talks are gaining steam

As Ford has tried to downplay its ongoing talks with Volkswagen Group, VW CEO Herbert Diess, who last week said VW is eyeing access to Ford's U.S. manufacturing footprint, keeps upping the ante.

HORIZON WATCH

Enel Group's $325 million wind farm project in Illinois will power General Motors' factories around the Midwest when it becomes fully operational, in a step toward GM's goal of 100 percent reliance on renewable energy by 2050.

Sergio's influence lingers for Manley

Fiat Chrysler Automobiles CEO Mike Manley clearly learned many lessons from his predecessor — and even some the late Sergio Marchionne never intended to teach.

Mazda goes for emotional appeal

Mazda doesn't see the slowing sedan market as an excuse to become complacent about its cars. In fact, it sees this as the perfect time to raise the bar with an artistic approach to design that enhances some of their emotional allure.

TrueCar buys retail software company for $27 million

Vehicle-shopping site TrueCar has acquired DealerScience, a provider of digital-retailing software, for $27 million, the companies said Friday. DealerScience's founder will also join TrueCar's executive team effective immediately.

FCA to convert idled Detroit engine plant to build Jeeps, reports say

Fiat Chrysler Automobiles plans to reopen its long-idled Mack II engine plant in Detroit as an assembly plant to build three-row Jeep SUVs, The Detroit News and CNBC reported today, citing multiple sources familiar with the plans. Automotive News confirmed the report through a source familiar with the company's plans.


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