Finance

GM’s First-Quarter Earnings Jump 34%

April 28, 2017 at 11:20 AM

A strong performance in North America hiked General Motors Co. net income in the first quarter climbed 34% to a record $2.6 billion.

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Dassault Systemes

Personal Mobility as an “Oasis”

EY has again partnered with Swiss mobility tech innovator Rinspeed to help show how tomorrow’s self-driving vehicles may look and function.

Powertrain

BorgWarner Launches 48-Volt Electric Compressor

April 28, 2017 at 3:31 PM

BorgWarner Inc. has begun producing its eBooster electrically driven compressor.

Economics

U.S. Economy May Have Grown Only 0.7% in First Quarter

April 28, 2017 at 3:04 PM

Real gross domestic product in the U.S. expanded by an annualized 0.7% in the first quarter of 2017 compared with 2.1% growth in the final quarter of 2016, the government’s Bureau of Economic Analysis reports.

Mobility

Self-Driving Apple Lexus Snapped

April 28, 2017 at 2:24 PM

Apple Inc. has begun tests in California of its autonomous vehicle technology in a specially equipped Lexus RX450h SUV.

Powertrain

VW to Spend €19 Billion in 5 Years on Powertrains

April 28, 2017 at 1:02 PM

Volkswagen AG says it will invest about €19 billion ($20.7 billion) on advanced piston and electrified powertrains between now and 2022 as it strives to meet tougher emission standards in major markets.

Finance

UPDATE: Honda Swings to a Quarterly Profit

April 28, 2017 at 12:36 PM

Honda Motor Co. reversed last year’s net loss of 93 billion yen in January-March with a net gain of 96 billion yen ($861 million) in the same fiscal fourth quarter in 2017.

EV-Hybrid

Mitsubishi Plugs in Modern Model A

April 28, 2017 at 11:47 AM

To celebrate the 100th anniversary of its first mass-produced vehicle, Mitsubishi Motors Corp. is developing a plug-in hybrid version of the company's 1917 Model A car.

Business

Siemens Buys Route Planning Company

April 28, 2017 at 11:30 AM

Siemens AG has agreed to acquire HaCon Ingenieurgesellschaft mbH, a Hanover, Germany-based software company that provides route planning, scheduling and information systems services for public transportation, mobility and logistics applications.

Tech

Ford Touts European Speed-Limit Tech

April 28, 2017 at 10:51 AM

Ford Motor Co. says its optional “intelligent speed limiter” technology was specified on about two-thirds of the vehicles it was offered on in Europe last year.

Business

Magna Partners with Chinese Seating Supplier

April 28, 2017 at 10:05 AM

Magna International Inc. has agreed to form a joint venture with China's Hubei Aviation Precision Machinery Co. (HAPM).  The companies expect to close the deal in the fourth quarter.

Finance

Visteon’s First-Quarter Earnings Triple

April 28, 2017 at 2:31 AM

Visteon Corp. says booming demand for electronics helped hike its first-quarter net earnings to $63 million from $19 million in the same period last year.

Regulatory

Indian Carmakers Seek to “Correct” High Court’s Vehicle Sales Ban

April 28, 2017 at 2:04 AM

The Society of Indian Automobile Manufacturers has asked the country’s Supreme Court to review its ban on the sale of cars that don’t meet the country’s new BS IV emission standards, The Economic Times reports.

EV-Hybrid

FCA Could Debut Self-Driving Electric Minivan by 2019

April 28, 2017 at 1:19 AM

Fiat Chrysler Automobiles CEO Sergio Marchionne tells analysts the company could put its semi-autonomous Chrysler Portal electric minivan into production within two years.