Finance

Tesla Narrows Quarterly Loss as Revenue Soars

February 23, 2017 at 12:06 AM

Tesla Inc. reports that its net loss in the fourth quarter shrank to $121 million from $320 million a year earlier, when it was rushing to launch the Model X electric crossover vehicle.

Production

Car Production in U.K. Hits 9-Year High

February 23, 2017 at 12:35 AM

The U.K.’s output of new vehicles grew 8% to 147,900 units in January, its greatest volume for the month since 2008, according to the Society of Motor Manufacturers and Traders.

People

Ghosn Steps Down as CEO at Nissan

February 23, 2017 at 12:00 AM

Carlos Ghosn has turned over his role as CEO at Nissan Motor Co. to Hiroto Saikawa, who has been the company’s co-CEO since last October.

Business

PSA Targets €2 Billion Savings in Opel Acquisition

February 22, 2017 at 3:14 PM

PSA Group estimates that acquiring Adam Opel AG from General Motors Co. will hike the company’s global car sales to 5 million units and save the two operations as much as €2 billion ($2.1 billion) per year, sources tell Reuters.

Powertrain

Eaton Adds Supercharger Oomph

February 22, 2017 at 3:04 PM

Eaton Corp. has expanded its supercharger line with the new TVS R2650 unit, which the company says is larger, more powerful and more efficient than previous devices.

Tech

Ford Gets Emotional with Advanced Tech

February 22, 2017 at 1:41 PM

Ford Motor Co. says it is developing new sensors and software that could enable next-generation vehicles to act as pro-active personal assistants or provide friendly support based on a driver’s mood and needs.

EV-Hybrid

VW Boosts Output of e-Golf Electric Car

February 22, 2017 at 10:36 AM

Volkswagen AG says the 2017 e-Golf electric vehicle will generate 134 hp and 214 lb-ft of torque, up 16% and 8%, respectively, compared with the outgoing model.

Tech

The Buzz about Ford’s Honeycomb Storage Shelf

February 22, 2017 at 9:50 AM

Ford Motor Co. says it will add a 6-lb rear storage shelf to the U.S. variant of its EcoSport compact SUV that can support as much as 700 lbs, thanks to the use of a honeycomb-like design.