Economics

IMF Cuts Outlook for U.S. Growth

July 24, 2017 at 2:00 AM

The International Monetary Fund has lowered its growth forecast for the U.S. economy to 2.1% through 2018, a pace well below the pace of overall global growth.

video player sponsored by

Dassault Systemes

Defense Consortium Seeks Auto Tech

A new and well-funded consortium aims to bring to the U.S. military such auto technologies as lightweighting, connectivity and autonomous-driving systems.

knowledge center

Automotive Manufacturing Software

Gain in-depth knowledge from infor

This guide will explore five key solution areas that are essential to any successful automotive manufacturing operation

Economics

IMF Cuts Outlook for U.S. Growth

The International Monetary Fund has lowered its growth forecast for the U.S. economy to 2.1% through 2018, a pace well below the pace of overall global growth.

Tech

VIEWPOINT | CONNECTIVITY-TESTING LEADERSHIP BY THE MICHIGAN DEPT. OF TRANSPORTATION

Michigan’s Dept. of Transportation has been a leader in testing and evaluating advanced mobility technologies for more than a decade.

Regulatory

18th Fatality Likely Caused by Takata Airbag Inflator Explosion

A traffic fatality in Sydney, Australia, is being blamed on a Takata Corp. airbag inflator that blasted shrapnel into the vehicle and cut the neck of the driver.

Regulatory

German Luxury Carmakers Face Conspiracy Probe

Germany’s big-three luxury carmakers—BMW, Daimler and Volkswagen—are being investigated by the European Commission on suspicion that they colluded to control prices on a wide range of vehicle technologies, including emission control systems.

Finance

Autoliv’s Profit Drops as Sales Cool

Autoliv Inc. says its second-quarter operating income advanced 2% to $216 million, and its operating margin rose 0.3 points to 8.5%. But consolidated sales in April-June slipped 1% to $2.5 billion.

Regulatory

Ford, Mazda Ask to Be Excluded in New Takata Recall

Ford and Mazda say they want to be excused from participating in an U.S. recall of certain Takata Corp. airbag inflators previously considered safe from misfiring, The Wall Street Journal reports.

Facilities

GM Reins in Updates for Detroit HQ

General Motors Co. has halted plans to add interactive displays and renovate the exterior of its headquarters in the Renaissance Center building in downtown Detroit.

Mobility

Lyft Sets Up Self-Driving-Car Unit

Ride-hailing service Lyft Inc. is launching its own facility in Palo Alto, Calif., to develop autonomous-vehicle technology.

New Product

Ford Adds Industry-First Pickup to Police Fleet

Ford Motor Co. is expanding its fleet of law enforcement vehicles with what it describes as the industry’s first pursuit-rated pickup truck.

Business

UPDATE: Audi May Dismiss Four Board Members in September

Audi AG is mulling the removal of three management board members as a warning to CEO Rupert Stadler about his lackluster performance, according to Handelsblatt, which cites no sources.