Economics

UPDATE: Trump Adds Protective Tariffs on $50 Billion in Chinese Goods

June 18, 2018 at 12:47 AM

President Donald Trump is adding a 25% tariff on at least $50 billion in Chinese goods in a bid to protect intellectual property and force the country to lower its own import taxes on American products.

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Dassault Systemes

IAV: Digitizing the Product Development Process

The auto industry’s pursuits of electrification, autonomous driving and next-generation manufacturing are driving a record pace of activity at IAV Automotive Engineering Inc.

Five Ways to Embrace Continuous Learning at a Trade Show

Sponsored - February 14, 2018 at 6:00 AM

The educational benefits of trade shows and conferences can be endless, but they require a little extra effort and planning. Here's how to embrace continuous learning and get the most out of your trade show experience.

New Product

BMW Targets Ultra-Luxury Performance Niche with 8 Series Coupe

BMW AG says its all-new 8 Series coupe combines a potent combination of top-end driving performance and posh luxury appointments unlike any other vehicle on the market.

Regulatory

U.K. Softens Targeted Ban on Piston-Powered Vehicles

The U.K., which last July declared it would ban all forms of piston-powered vehicles by 2040, is backing away from that target.

Facilities

Adient Drops Plan to Move Headquarters to Detroit

Automotive interiors supplier Adient plc has scrapped plans to relocate its operational headquarters to a historic building in downtown Detroit from its current location in suburban Plymouth.

Economics

Oil Prices Drop as Producers Eye Production Hikes

Oil futures, which reached three-year highs earlier this month, fell about 3% on reports that Saudi Arabia and Russia may boost their petroleum output this week.

EV-Hybrid

Japanese Group Moves Ahead with Solid-State-Battery Project

Japan’s New Energy and Industrial Technology Development Organization has launched the second phase of a 10-billion yen ($90 million) program to develop solid-state lithium-ion batteries for next-generation electric vehicles.

EV-Hybrid

Magna Partners with BAIC to Make EVs in China

Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.

New Product

Lincoln to Rename Next-Gen MKC the Corsair

Ford Motor Co.’s Lincoln unit plans to rename its MKC compact crossover vehicle the Corsair when the next-generation model debuts in 2020, Automotive News reports.

People

UPDATE: Audi Names Interim CEO after Stadler Arrest in Diesel Scandal

Prosecutors in Munich say Rupert Stadler, CEO of Volkswagen AG’s Audi unit, was arrested and jailed earlier today to prevent him from obstructing their investigation into diesel emission cheating.

Regulatory

Audi Recalls 139,200 Cars with Defective Seat Sensors

Audi AG is recalling 139,200 of its “S” series sports sedans with front passenger seats that may lose their ability to detect an occupant and control the airbags correctly.

Tech

Toyota Hybrids Finish 1-2 at Le Mans

Toyota Motor Corp.’s TS050 Hybrid race cars finished first and second at this weekend’s 24 Hours of Le Mans endurance race, giving the carmaker its first victory at the famous French venue.