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Gentex posts bullish Q3 results, shares rise

Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.

UPDATED: 10/16/2018 12:36 pm ET - adds details

U.S. seeks Mexican steel export quotas, negotiator says

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.

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Gentex posts bullish Q3 results, shares rise

Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.

UPDATED: 10/16/2018 12:36 pm ET - adds details
Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65

Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.

U.S. seeks Mexican steel export quotas, negotiator says

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.

The plan behind Mobis' fake city

South Korean supplier Hyundai Mobis, determined to catch up on self-driving technology, invested $300 million to equip its new proving grounds with multiple test tracks, including an intelligent transportation system course and what it calls the world's longest tunnel-testing area.

Material prices hammer the industry

Automakers buy most of their steel in North America, but certain types — such as stainless and electrical steel — are imports subject to the 25 percent U.S. tariff.

Volvo, Nvidia expand autonomous driving collaboration

Volvo will use chipmaker Nvidia's high-powered Drive AGX Xavier technology to help make its next-generation cars capable of up to hands-free Level 4 autonomous driving. Volvo has said it will offer a Level 4 autonomous driving by 2021.


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