Economics

IMF Lowers Global Growth Forecast Again

January 22, 2019 at 1:22 AM

The International Monetary Fund predicts the global economy will expand by 3.5% this year, down from last year’s 3.7% and the 3.7% the predicted in October.

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Dassault Systemes

N. American Tooling Outlook

Spending on automotive tooling in North America surged 48% to $10.3 billion in 2017 and had been expected to climb another 14% last year. But sales dropped instead.

2018 Jeep Wrangler: Some Things to Know

Sponsored - March 02, 2018 at 4:34 PM

Design, materials, powertrain and manufacturing details about what is arguably the quintessential vehicle in the Jeep lineup.

Economics

IMF Lowers Global Growth Forecast Again

The International Monetary Fund predicts the global economy will expand by 3.5% this year, down from last year’s 3.7% and the 3.7% the predicted in October.

Business

Lishen to Supply EV Batteries for Tesla’s Plant in China

China’s Tianjin Lishen Battery Co. has signed a preliminary deal to supply batteries for electric cars made in the $2 billion factory Tesla inc. is building in Shanghai, Reuters reports.

Legal

Japanese Court Rejects Ghosn’s Latest Plea for Bail

A court in Tokyo has again rejected Carlos Ghosn’s bail request, making it less likely that the former Nissan Motor Co.

Business

Report: GM to Kill Chevy Sonic

General Motors Co. likely will discontinue the slow-selling Chevrolet Sonic small car in the U.S. this year, according to The Wall Street Journal.

Regulatory

Tesla to Replace Takata Airbag Inflators in China

Tesla Inc. is recalling 14,100 of its Model S electric sedans in China to replace passenger-side frontal airbags whose Takata Corp. inflators could explode, says the country’s Administration of Market Regulation.

People

IAC Beefs Up Leadership Team

Interiors specialist International Automotive Components Group has hired four executives as part of a realignment that includes the creation of two new positions: chief technical officer and chief supply chain officer.

Facilities

PSA Opens Powertrain R&D Center

PSA Group is opening a powertrain center of excellence in Carrieres-sous-Poissy, France.

Regulatory

Germany Mulls Options to Reduce Emissions

Germany is considering several initiatives to meet European emissions requirements, Reuters reports.

Production

Maruti Suzuki to Hike Capacity 25% in India

Maruti Suzuki India Ltd. says it aims to boost its annual carmaking capacity to 2.2 million units in by 2020 from 1.75 million currently.

Powertrain

Next-Gen Dodge Muscle Cars to Get Electric Boost

Fiat Chrysler Automobiles NV plans to offer some sort of hybrid-electric system in its next-generation Dodge Challenger muscle car.