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Zhejiang Geely Holding Group said it will allow Proton to tap its green-car technology.
The automakers and the oil companies have long been thought to have shared interests. But when it comes to California's waiver to set its own mileage and emissions standards, those interests may diverge. The EPA has taken on California in a looming battle that big oil wants but big auto doesn't.
The auto industry has been predicting a downturn, but GM, Ford, and FCA might have sent a unified signal to Trump that if changes aren't made fast, the slide could arrive ahead of schedule. The big three all lowered 2018 profit forecasts.
Both GM and FCA stock took losses in the markets after reporting second-quarter earnings. The CFOs of both automakers addressed higher steel costs due to Trump's tariffs. GM and FCA cut full-year profit guidance.
Ford missed analysts' expectations for Q2 profit. As with GM and FCA, which also reported Q2 earnings Wednesday, Ford lowered it full-year profit guidance.
Trump’s proposed auto tariffs will lead to sharp spikes in the price of Americans’ most prized possession
ANALYSIS: President Donald Trump shows no sign of pulling back from his trade war, and the auto sector appears a dangerous next candidate on the administration's list of goods that should face tariffs.
Former Fiat Chrysler and Ferrari CEO Sergio Marchionne, a legend of the modern auto industry, has died at 66 after shoulder surgery
Former FCA and Ferrari CEO Sergio Marchionne has died at 66. He had reportedly been in a coma in intensive care in a Zurich hospital after complications from surgery. Marchionne was an auto-industry legend, leading a turnaround at Fiat and taking Chrysler from bankruptcy to renewed prosperity.
The Detroit big three are expected to report solid revenues and profits — although GM and Ford could see declines from the second-quarter of 2017. FCA will have new CEO Mike Manley overseeing earnings after Sergio Marchionne fell ill.
Ford announced on Tuesday that it will create a separate division to manage its self-driving efforts. As with GM and its Cruise division, Ford Autonomous Vehicles LLC will be able to court outside investment.
An Italian media outlet has reported Sergio Marchionne has been admitted to intensive care at a hospital in Switzerland. Marchionne, 66, fell ill after shoulder surgery and was replaced over the weekend as CEO of FCA and also Ferrari.