Regulatory

Carmakers Expect to Pay Most Takata Recall Costs

June 27, 2017 at 12:28 AM

Takata Corp.’s bankruptcy is all but certain to leave carmakers to cover most of the expense of recalling and replacing the supplier’s faulty airbag inflators.

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Dassault Systemes

Testing On-Demand EV Car-Sharing

Denso Corp. and the University of Michigan are evaluating results of a recent test involving three electric cars made available to a small test group of students to borrow whenever they wished and for as long as they wanted.

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Tech

Toyota Adds Level 2 Autonomy to Lexus LS Sedan

Toyota Motor Corp. says its redesigned Lexus LS luxury sedan will offer an array of driver aids that “can lead to automated driving.”

EV-Hybrid

Aston Martin Trims EV Project

Aston Martin Lagonda Ltd. tells Reuters it will cut production plans for its all-electric RapidE luxury sedan by two-thirds after Chinese internet giant LeEco dropped out of the project.

Facilities

BMW Unveils New $600 Million Expansion at U.S. Plant

BMW AG says it will spend $600 million between 2018 and 2012 to expand capacity at its SUV plant in South Carolina, creating 1,000 jobs in the process.

Regulatory

Carmakers Expect to Pay Most Takata Recall Costs

Takata Corp.’s bankruptcy is all but certain to leave carmakers to cover most of the expense of recalling and replacing the supplier’s faulty airbag inflators.

Sales

GM Trims Sales Forecast for U.S. Car Market

General Motors Co. tells analysts it now expects new car and light-truck sales in the U.S. will drop to the “low 17 million” range from 17.55 million vehicles in 2016.

Facilities

FEV to Expand Auburn Hills Tech Center

Germany’s FEV GmbH is adding a vehicle testing center at its Auburn Hills, Mich., complex.

Business

Geely to Shift Some Vehicle Production to Proton Plant in Malaysia

China’s Zhejiang Geely Holding Group Co., which is in the process of acquiring a 40.9% stake in Malaysian carmaker Proton Holdings Bhd., plans to make Malaysia its manufacturing hub for Geely right-hand-drive cars after the deal is completed.

EV-Hybrid

Audi, Schaeffler Partner on Formula E Racing Drivetrain

Audi AG and Schaeffler AG have signed an agreement to co-develop the drivetrain for Audi’s Formula E electric race car.

Mobility

Waymo, Avis Budget Partner on Self-Driving-Car Test

Rental car giant Avis Budget Group has agreed to provide maintenance services and fleet support for self-driving test vehicles operated in Phoenix by Alphabet Inc.’s Waymo driverless car unit.

Finance

Tesla Expands Credit Line Ahead of Model 3 Launch

Tesla Inc. has added about $800 million to its previous $3 billion in credit agreements as it prepares to launch production later this summer of its $35,000 Model 3 electric sedan.