Strike may have cost GM more than $1 billion, JPMorgan says

GM is estimated to be losing about $82 million of potential profit in North America every day the strike wears on, the JPMorgan analyst said. 

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Hyundai sales slip on weaker car volume

Hyundai posted a 9 percent decline in U.S. sales last month behind weaker car deliveries even as crossover volume rose 9 percent to a record 27,374 for September. U.S. light-vehicle sales are forecast to drop in September in part because there were two fewer selling days and the absence of Labor Day holiday volume.

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Ford to create $275 million JV in India with Mahindra

As part of the deal, the two companies will develop three Ford-branded utility vehicles, including a new midsize SUV that will have a common Mahindra product platform and powertrain.

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Ford to create JV with Mahindra for India business

Ford will hold a 49 percent stake in the new entity, which is expected to be operational by mid-2020, while Mahindra will own 51 percent. 

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Former UAW official Pietrzyk expected to plead guilty

Pietrzyk, who was an assistant to former UAW GM Department Vice President Joe Ashton, is charged with conspiracy to commit wire fraud and money laundering. He is the 11th person charged in the widening investigation of corruption in the UAW.

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Fiat Chrysler plant in Italy hit by strike after death of worker

The 40-year-old man was killed overnight in an accident at FCA’s Cassino plant, which builds Alfa Romeo models.

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Nissan to present electric city car at Tokyo show

Nissan has pulled the wraps off a full-electric city-car concept that showcases the automaker’s latest electrification and autonomous driving technologies.

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