Fiat Chrysler Automobiles is a "house of brands" and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, CEO Mike Manley says.

Daimler's incoming CEO Ola Källenius is looking for about €6bn in cost savings and efficiency gains by 2021 at Daimler's car plants.

"When you are in transformation, you are investing at the highest level in company history," Källenius said on the sidelines

General Motors' results were stronger than expected in terms of first-quarter profits, largely on strength of lower costs and brisk sales of trucks. GM reported Q1 income of USD $2.1bn, 93% ahead of last year's first-quarter.

GM say their full-size truck launch

Gilles Le Borgne, PSA Group's longtime chief of engineering and the director of many of the automaker's platform and vehicle projects, will be leaving the company for personal reasons. He will be replaced by Nicolas Morel, now Senior VP for vehicle

Valeo's sales fell 0.8% in the first quarter amid sharper declines in vehicle production in some of their major markets. Revenue fell to €4.84bn in 1Q-2019 as global auto production dropped 7%.

Chinese Geely launched a premium all-electric car brand "Geometry" last week as it pushes ahead with its plans to boost production of new energy vehicles.

A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang

Nio have won a 2019 Red Dot Award for Product Design for their innovative battery swapping station, the Nio Power Swap. This is the second Red Dot accolade in a row for Nio, who won the "Best of the Best" award category in 2018 for a home charging

The PACE Awards program, celebrating its 25th anniversary, recognises suppliers for making a product or process innovation and delivering it to the market. Winners were announced at a black-tie ceremony at the Max M. and Marjorie

Bernd Körber worked in MINI brand management when he first joined the BMW Group in 2003. Now he's taking charge of the MINI brand entire.

Following roles in MINI marketing planning and product management, he took on responsibility for MINI

Detroit's big-three, Toyota, and Nissan dropped on weaker car demand, while Honda, Hyundai-Kia, VW Group, and Subaru bucked an industry slowdown. Among major automakers, only American Honda, Hyundai-Kia, Volkswagen Group, and Subaru