Economics

Oil Prices Jump to 3-Year High

April 24, 2018 at 2:39 PM

Brent crude, the international benchmark for oil, briefly brushed $75 on Tuesday—its highest level since November 2014—over worries that new U.S. sanctions against Iran would trim petroleum output.

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Dassault Systemes

Shiloh: Lightweighting without Compromise

Lightweighting is an auto industry staple these days, and there are “significant” opportunities for further gains, says Shiloh Industries CEO Ramzi Hermiz.

Global Supply of Automotive Fasteners from a Single Source

Sponsored - March 29, 2018 at 10:18 AM

PennEngineering offers a global supply for a wide range of fasteners for the automotive industry, including China-based facilities that manufacture standard and custom products to world-class standards of quality at lower cost.

EV-Hybrid

Ghosn Declares EV Range Anxiety Dead

Renault-Nissan-Mitsubishi alliance Chairman Carlos Ghosn declares that consumer fears about the driving range of electric vehicles is over, The Nikkei reports.

Sales

SUVs to Drive China Sales for Ford's Lincoln Brand

Sedans accounted for 42% of Ford Motor Co.’s Lincoln brand sales in China last year, but future growth will be dominated by SUV/crossovers.

EV-Hybrid

BMW Unveils Its First Electric Crossover

BMW AG presented its first all-electric SUV/crossover, the iX3, in concept form earlier today at the Beijing auto show.

EV-Hybrid

Ferrari Plans All-Electric Car—After 2022

Ferrari NV plans to join the shift to all-electric models, but not until sometime after 2022, says Chairman Sergio Marchionne.

Regulatory

Audi Will Recall 1.2 Million Vehicles for Fire Hazard

Volkswagen AG’s Audi unit is preparing to recall nearly 1.2 million vehicles worldwide to replace electric water pumps that could cause a fire.

New Product

10-Best Interiors List Spans Wide Gamut

This year’s 10 Best Interiors list selected by WardsAuto includes a wide range of vehicles, spanning from Hyundai’s all-new Kona tiny crossover model to Porsche’s ultra-luxury Panamera sedan.   

Economics

Oil Prices Jump to 3-Year High

Brent crude, the international benchmark for oil, briefly brushed $75 on Tuesday—its highest level since November 2014—over worries that new U.S. sanctions against Iran would trim petroleum output.

People

Flying Taxi Startup Hires Supercar Designer

A German flying taxi startup has hired Frank Stephenson to design its vehicles, launch pads and departure lounges.

Finance

Opel Acquisition Boosts PSA’s Revenue 42%

PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.

New Product

Maybach EV Concept Breaks Cover

Daimler AG’s Mercedes-Maybach unit has unveiled its all-electric Vision Ultimate Luxury concept car ahead of this week’s Beijing auto show.