Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, but the new rules pose a bigger challenge to carmakers. After months of wrangling, U.S. lawmakers on Thursday ratified the United States-Mexico-Canada Agreement (USMCA), brokered at the behest of President Donald Trump to replace the 1994 North American Free Trade Agreement (NAFTA). The accord, which Canada's parliament is expected to app

Roger Penske already is making changes at Indianapolis Motor Speedway. On Wednesday, in his first major move since buying the iconic facility, Penske announced the NASCAR Xfinity Series race at Indy on July 4 will use the track's road course. The Cup Series race, the Brickyard 400 scheduled for July 5, will remain on the track's 2 1/2-mile oval.

Plus Mini JCW Clubman, Camry Hybrid, Subaru Forester and Volvo S60 PHEV

A long-term supply deficit has led prices of the metal, used mainly in engine exhausts to curb harmful emissions, to double over the last year. In the futures market, prices of metal for near-term delivery have also moved sharply above those for later-dated contracts - a situation known as backwardation, which also indicates buyers fear a lack of ready supply. Before this rally began, palladium prices had never exceeded $1,100.

Democratic presidential candidate Michael Bloomberg would push for all new cars to be electric by 2035 and new buildings to produce zero carbon emissions by 2025 as part of clean energy plans he released this week. Bloomberg's latest climate plans build off his December plan to cut the United States' carbon emissions by 50% by 2030. Bloomberg's plans do not include total costs or specifics on how they would be paid for, details his campaign advisers say they will share later.

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation to implement the U.S.-Mexico-Canada Agreement passed on an 89-10 bipartisan vote, sending the measure to President Donald Trump for him to sign into law. The Democratic-controlled U.S. House of Representatives passed the legislation on

Hyundai Motor Co and sister firm Kia Motors Corp are making the investment of 100 million euros (84.34 million pounds) in Arrival Ltd. Founded in 2015 and based in London, Arrival has developed a boxy, futuristic-looking shuttle bus aimed at the commercial delivery market. In a statement, Arrival said it will work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market.

Italian American automaker Fiat Chrysler and Taiwan's Hon Hai plan to set up a joint venture to manufacture electric vehicles and to engage in the business of wirelessly connected vehicles, Hon Hai said on Thursday. Fiat Chrysler (FCA) and Hon Hai are negotiating to set up a 50-50 joint venture, Hon Hai said in a statement.

We're playing F1 2019 today.

U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account. "In order to achieve a shift of 'Made in China' to 'Designed in China', Tesla's CEO Elon Musk has proposed a very cool thing - set up a design and research center in China," it read.