News - Auto News

South Korea's Hanon to buy Magna's electronics unit for $1.23 billion

Canadian supplier Magna International said it plans to sell its electronics unit to South Korea's Hanon Systems for about $1.23 billion.

Mike Jackson's I told you so moment on Tesla's 'logistics hell'

Tesla could have avoided its recent struggle delivering cars to customers quickly if it hadn't insisted on handling its own retailing, AutoNation CEO Mike Jackson said.

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.

Aston Martin plans October IPO worth up to $6.7 billion

Aston Martin says it is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from a public stock offering in October. The automaker is expected to publish a prospectus on Thursday.

VW plan to leave Iran symbolic win for Trump over EU, U.S. says

The Trump administration persuaded VW to comply with sanctions on Iran and end almost all of its business in the country, according to a U.S. official.