Business

China to Multiply Output of Bioethenol Fuels

February 20, 2018 at 1:39 PM

China plans to expand its production and consumption of bioethanol fuel over the next three years to help reduce excess stockpiles of corn and grain.

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Dassault Systemes

Visteon’s Open Platform System for Self-Driving Vehicles

Visteon Corp. is developing DriveCore, an open platform to control and operate autonomous vehicles.

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EV-Hybrid

Mitsubishi Outlander Plug-In Hybrid Gets New Look, More Power

Mitsubishi Motors Corp. is giving the plug-in hybrid variant of its Outlander SUV a mid-cycle freshening that includes an upgraded battery and powertrain.

Powertrain

Porsche Drops Current Diesel Models

Porsche AG has stopped production of its two diesel models—variants of the Macan S crossover and Panamera 4S sedan—but the company hasn’t ruled out offering new oil burners in the future, Autocar reports.

EV-Hybrid

Daimler Will Invest €2.6 Billion on Electric Trucks through 2019

Daimler AG says it will spend €2.6 billion ($3.2 billion) through 2019 to develop electric heavy-duty trucks and equip them with self-driving and connectivity features.

Labor

VW Agrees to 4.3% Wage Hike in Europe

Volkswagen AG has agreed to pay annual bonuses and increase the wages for 120,000 of its hourly workers in western Europe by 4.3%, beginning in May.

Business

Bosch Forms Mobility Services Unit, Acquires U.S. Ridesharing Startup

Robert Bosch GmbH’s newly formed Connected Mobility Solutions division will focus on car- and ridesharing services, connectivity and other “digital mobility” products.​​

Business

Mitsubishi Corp. Confirms Plan to Hike Its Stake in MMC

Trading house Mitsubishi Corp. says it will double its stake in Mitsubishi Motors to 20% by buying a portion of shares held by two other members of the Mitsubishi Group.

Business

Qualcomm Hikes Bid for NXP

Qualcomm Inc. has raised its bid to buy NXP Semiconductors NV to $44 billion in an effort to block its own acquisition by Broadcom Ltd.

Legal

Detroit Judge Rejects GM-Bosch Motion to Dismiss Lawsuit about Diesel Cheating

General Motors Co. and Robert Bosch GmbH have failed to quash a U.S. lawsuit that claims they used illegal software to evade diesel emission regulations.

Regulatory

Toyota Recalls Tundra Pickups, Sequoia SUVs

Toyota Motor Corp. is recalling about 65,000 trucks and SUVs to fix a software glitch that could disable the vehicle stability control system.

Legal

VW Loses Bid to Delay U.S. Trial on Diesel Emissions

A circuit court judge in Virginia has rejected Volkswagen AG’s request to delay a trial about claims that the company deceived buyers by touting its cheater diesels as environmentally friendly.