EV-Hybrid

Audi, Schaeffler Team on Formula E Racing Drivetrain

June 26, 2017 at 2:38 PM

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

June 26, 2017 at 1:30 PM

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

June 26, 2017 at 12:07 PM

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.

People

Keller, Mercer Form Consulting Partnership for Tech Startups

June 26, 2017 at 12:06 PM

Longtime auto industry consultants Maryann Keller and Glenn Mercer are launching a new partnership to help tech startups and investors enter the auto industry.

Regulatory

Germany May Demand Software Updates for 12 Million Diesels

June 26, 2017 at 10:17 AM

Germany’s Transport Ministry is in talks with several carmakers about updating the emission control software in 12 million of the diesel-powered vehicles they sold in Europe.

Labor

VW Grants 14% Pay Hike to End Strike in Slovakia

June 26, 2017 at 1:55 AM

Volkswagen AG has agreed to give its hourly workers in Bratislava, Slovakia, a 14.1% wage increase over two years.

Business

Report Blasts Audi Board Indecisiveness

June 26, 2017 at 1:26 AM

An internal assessment by Audi AG managers complains of a “disastrous” lack of leadership by the Volkswagen Group unit’s executive board, including CEO Rupert Stadler, Bild am Sonntag says.

Legal

Takata Files for Bankruptcy in U.S., Japan

June 26, 2017 at 12:30 AM

As expected, airbag maker Takata Corp. has filed for bankruptcy protection in Japan and the U.S. and intends to sell most of its assets to U.S.-based Key Safety Systems Inc.

Legal

Top Target of VW Diesel Probe Advised Not to Leave Germany

June 26, 2017 at 12:00 AM

The former head of engine development at Volkswagen AG has been advised not to leave Germany because he could be arrested as part of a U.S. probe about diesel emission cheating, Bild reports.

Production

Mitsubishi Motors Targets 40% Production Hike in 3 Years

June 23, 2017 at 6:32 PM

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.

June 23, 2017 at 6:18 PM

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

June 23, 2017 at 5:30 PM

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.