People

A Weary Musk Describes an “Excruciating” Year at Tesla

August 17, 2018 at 1:51 AM

Tesla Inc. CEO Elon Musk describes the past year to the New York Times as the toughest and most painful of his career.

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Dassault Systemes

LMC: Global Car Sales Will Grow 2% in 2018

Global car sales this year will expand 2% to 97.5 million units, as gains in most markets offset a slight dip in North America, says LMC Automotive’s Jeff Schuster.

When Automated Production Turning is the Low-Cost Option

Sponsored - June 27, 2018 at 8:51 AM

For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.

Sales

Ford Sales Advance 1% in Europe

Ford Motor Co. reports that a 31% jump in demand for its SUVs pushed July sales in Europe up 2% to 101,800 units.

Economics

U.S.-Mexico Trade Talks to Continue Next Week

U.S. and Mexican negotiators say they are making good progress in talks to update the 24-year-old North American Free Trade Agreement and will continue discussions next week.

People

Casting Company Taps Former Key Safety Exec as CEO

Albion, Ind.-based Busche Performance Group has hired Joseph Perkins, formerly Key Safety Systems Inc.’s chief operating officer, as its new CEO.

Economics

China, U.S. Hope to Resolve Trade Impasse by November

Trade negotiators are setting up talks in hopes of resolving the developing trade war between the U.S. and China before the leaders of the two country meet in November.

Regulatory

BMW Blames Drivers for Fires in S. Korea

BMW AG suggests to the Xinhua News Agency that fires involving its cars in South Korea are a result of local traffic conditions and the “driving style” of their owners.

Economics

U.S. Consumer Sentiment Sags as Pricing Concerns Rise

Consumer confidence about the U.S. economy dropped to an 11-month low this month, according to preliminary results by the University of Michigan’s Surveys of Consumers.

Finance

Trump Suggests Dropping Quarterly Financial Reporting

President Donald Trump proposes allowing publicly traded companies to report financial reports twice instead of four times per year.

Sales

Shipments of Electrified Vehicles Leap 48% in China

Wholesales of plug-in hybrid and all-electric vehicles in China zoomed 48% to 84,000 units in July, according to the China Assn. of Automobile Manufacturers.

Sales

Volkswagen’s Sales Climb 11%

Volkswagen Group reports that its global new-vehicle deliveries rose 11% to 908,200 units in July, led by a 24% increase to 408,300 units in Europe.

New Product

Redesigned Bimmer Roadster Breaks Cover

The production version of BMW AG’s next-generation Z4 roadster retains much of the styling—albeit toned down—of last year’s concept model.