Finance

Shareholder Advisers Back GM’s Objection to Dual Stock Scheme

May 29, 2017 at 3:23 AM

General Motors Co. has picked up support from two shareholder advisory services for rejecting a proposed plan by activist David Einhorn to split GM stock into two classes.

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Dassault Systemes

Denso and MIT Ponder an Autonomous 3-Wheeler

Denso and MIT are exploring the idea of automated three-wheelers that could carry passengers or be dispatched to robotically deliver parcels.

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Regulatory

BMW Will Recall 7 Series Cars with Defective Door Latches

BMW AG plans to recall 45,500 of its large 7 Series cars that are equipped with power-assist door latches that may not work.

Regulatory

EU Ministers Back Tougher Control Over Emission Cheating

EU ministers are backing proposed rules that would give the European Commission power to sanction carmakers directly if they cheat on emission tests, Reuters reports.

Finance

Shareholder Advisers Back GM’s Objection to Dual Stock Scheme

General Motors Co. has picked up support from two shareholder advisory services for rejecting a proposed plan by activist David Einhorn to split GM stock into two classes.

Production

UPDATE: Steering Parts Shortage Disrupts BMW Production

A shortage of steering systems components has affected production at BMW AG assembly plants on three continents.

Regulatory

Senate Bill Would Align Conflicting EPA, NHTSA Rules

The U.S. Senate has proposed a bill that would eliminate conflicting federal rules about fuel economy and exhaust emissions.

EV-Hybrid

California Complains about VW’s Remedial EV Charging Plan

Volkswagen AG’s $2 billion program to promote electric vehicles and build charging stations for them doesn’t pay enough attention to doing so in poorer communities, the California Air Resources Board complaints.

Economics

Trump Threatens to Tax German Car Sales in U.S.

President Donald Trump complained to EU officials this week that German carmakers are “very bad” for selling so many vehicles in the U.S., declaring, “We’re going to stop that,” according to Der Spiegel.

Tech

Toyota Funds Michigan Science Theater

This weekend the Michigan Science Center in Detroit will officially open the Toyota 4D Engineering Theater.

Powertrain

Jaguar Revs Up Special-Edition XE Sedan

Jaguar Land Rover Ltd. says its upcoming Jaguar XE SV Project 8 sedan will generate 591 hp, making it the brand's most powerful production model ever.

EV-Hybrid

Ukrainian Police Force Adds Mitsubishi Outlander Hybrids

Mitsubishi Motors Corp. this week delivered more than 600 plug-in hybrid variants of its Outlander crossover vehicle to the National Police of Ukraine.