Finance

Takata Bankruptcy Filing Due on Monday

June 22, 2017 at 12:53 PM

Airbag maker Takata Corp. will file for bankruptcy protection in Tokyo on June 26, sources tell Reuters.

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Dassault Systemes

Wireless EV Charging Goes Mainstream

Wireless charging will debut as an option in some electric cars in 2018, says Chris Borroni-Bird, vice president of strategic development at Qualcomm Technologies Inc., a company that has helped pioneer the technology.

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Production

Mitsubishi Motors Targets 40% Production Hike in 3 Years

Mitsubishi Motors Corp. tells shareholders it aims to boost its annual production to at least 1.5 million units in fiscal 2019 compared with 1.1 million units for the 12-month period that ended March 31.

Sales

Alfa Romeo Vows to Shun Sales Incentives in U.S.

The head of Fiat Chrysler Automobile NV’s Alfa Romeo brand tells reporters the unit won’t offer discounts on cars it ships to the U.S.

Legal

GM Settles Dozens of Ignition Switch Lawsuits

General Motors Co. has settled about 200 lawsuits involving the company’s 2.6 million defective ignition switches, according to a filing in a New York federal court.

Legal

VW Agrees to Buy Back a Few Cheater Diesels in Europe

Volkswagen AG has agreed to buy back an unspecified number of diesel-powered vehicles in Germany that had been rigged to evade emission standards, Reuters reports.

Tech

Researchers Tout Contact Lens Polymer for EV Supercapacitors

Researchers at the University of Surrey in England are developing a plastic based on soft contact-lens technology that could allow supercapacitors to be used in place of batteries to boost the performance of electric vehicles.

Mobility

PSA Accelerates Autonomous-Vehicle Plans

PSA Group plans to debut new driver-assist features on select Citroen, Peugeot and DS-badged models next year and introduce a Level 3 autonomous vehicle in 2020. Models with Level 4 and Level 5 capabilities will follow in 2025 and 2030, respectively.

Regulatory

U.S. Releases Updated Connected Vehicle Guidelines

The U.S. Dept. of Transportation’s Intelligent Transportation Systems (ITS) Joint Program Office has updated its national reference architecture for connected vehicles.

New Product

Tesla Hints at Superfast Next-Gen Roadster

Tesla Inc. is targeting a sub-two-second 0-60 mph acceleration time for the next-generation of its top-end Roadster electric vehicle, which would make it the fastest car in the world.

Sales

Truck Sales in Europe Rise 9%

Registrations of commercial vehicles across Europe grew 9% year on year to 212,600 units in May, reversing the market’s 7% decline in April, trade group ACEA reports.

People

Waymo Hires Ex-Tesla Exec

Alphabet Inc.’s Waymo autonomous car unit has hired Satish Jeyachandran, the former head of hardware engineering at Tesla Inc., to help it create the package of cameras and other sensors needed for self-driving vehicles.