Finance

Toyota’s Net Profit Rises, But Operating Profit Falls

August 04, 2017 at 12:32 PM

Toyota Motor Corp.’s net profit grew 11% to 613 billion yen ($5.5 billion) in the fiscal first quarter ended June 30.

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Dassault Systemes

Verifying Prototype Parts Faster

A big bottleneck in testing prototype parts is verifying that the component actually matches the original digital design, notes Jeff Schipper, director of special operations for Proto Labs Inc. in Maple Plain, Minn.

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.

Mobility

Report Forecasts Huge Economic Upside for Self-Driving EVs

Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.

Facilities

Northvolt Cuts Battery Factory Price in Bid to Lure Investors

Swedish startup Northvolt AB tells Reuters it has “significantly” lowered the estimated price for the electric-car battery factory it hopes to build.

New Product

Toyota Teases Hybrid “Super Sports Car”

Toyota Motor Corp. has begun developing an all-new “super sports car” with a high-output hybrid-electric powertrain.

Mobility

GM Unit Stresses Driver Training in Autonomous Cars

General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests. 

Mobility

Ford Teams with Startup on Ride-Share Routing Software Developer

Ford Motor Co.’s Autonomic affiliate is partnering with San Francisco startup rideOS Inc. to develop software that dispatches and routes ride-share vehicles.

People

Renault Shareholders Approve Ghosn’s Pay Package for 2017

Renault SA stockholders have approved a €7.4 million ($8.6 million) package for CEO Carlos Ghosn, defeating an effort by the French government to reduce the amount.

Finance

BorgWarner Will Restate Financials to Cover Asbestos Charges

BorgWarner Inc. says it will restate its financial results for 2015-2016 to cover charges related to asbestos liabilities and related legal defense costs.

UAW Vice Presidents Swap GM, FCA Oversight Jobs

The United Auto Workers Union has traded assignments for the vice presidents who head its General Motors and Fiat Chrysler Automobiles departments.

Economics

Trump Adds Protective Tariffs on $50 Billion in Chinese Goods

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

Sales

Car Sales Flatten in Europe

May new-car registrations advanced less than 1% across Europe last month, reaching 1.44 million units from 1.43 million a year ago, according to trade group ACEA.