News - Auto News

Magna selling fluid pressure, controls unit to South Korean supplier for $1.23 billion

About 4,200 Magna employees at 10 operations in North America, Europe and Asia will transition to Hanon Systems in one of the biggest acquisitions of an overseas car parts unit by a South Korean company.

Nissan recalls 215,000 vehicles for fire concern, tells drivers to park outside

Nissan is recalling 215,124 vehicles in the U.S. over an anti-lock brake pump defect that may increase the risk of a fire. Nissan told owners to park their vehicles outdoors.

Longtime Ford finance whiz Schloss to retire

Neil Schloss, the treasurer who helped Ford steer through the Great Recession without going into bankruptcy, will retire at the end of the year after 36 years with the company.

How Volvo's Polestar plans to sell its electric vehicles in North America

Volvo's Polestar brand announced details of the framework it will use to promote sales for its new electric cars, the Polestar 1 and Polestar 2.

Tesla Model 3 aces NHTSA's crash tests

The Tesla Model 3 sedan has been awarded five stars in all crash tests conducted by the U.S. National Highway Transportation Safety Administration.