EV-Hybrid

Nissan Says EVs Will Reach Price Parity in 2025

February 19, 2018 at 5:56 PM

Nissan Motor Co. calculates that the price of electric cars will drop to those of comparable gasoline and diesel-powered models in seven years.

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Dassault Systemes

Visteon’s Open Platform System for Self-Driving Vehicles

Visteon Corp. is developing DriveCore, an open platform to control and operate autonomous vehicles.

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Facilities

GM Will Idle Flint Truck Plant for 4 Weeks

General Motors Co. says it will idle its pickup truck plant in Flint, Mich., for most of July to update the facility’s assembly lines.

Mobility

Hyperloop One to Develop High-Speed Transport Plan for India

Virgin Hyperloop One has signed an agreement to develop plans for an ultra-high-speed transit tube system in India that would link Pune with a proposed new airport in Mumbai 100 miles away.

Business

GM Offers Debt-for-Equity Swap to Revive S. Korea Unit

General Motors Co. has offered the South Korean government $2.2 billion in equity in a deal to revive its struggling carmaker operations in the country, sources tell Reuters.

Business

Mitsubishi Corp. Will Double Stake in Mitsubishi Motors

Trading house Mitsubishi Corp. is expected to announce tomorrow it is doubling its stake in Mitsubishi Motors Corp. to about 20%, according to The Nikkei.

EV-Hybrid

Nissan Says EVs Will Reach Price Parity in 2025

Nissan Motor Co. calculates that the price of electric cars will drop to those of comparable gasoline and diesel-powered models in seven years.

Sales

More Shrinkage Ahead of Europe’s Luxury Small-Car Market

European demand for small luxury hatchbacks, sedans and coupes peaked at 1 million units in 2016 but will fall to about 900,000 units in 2018, says Automotive News Europe.

Tech

VW to Equip All Euro Models with V2X Capability in 2019

Volkswagen AG is accelerating its rollout plans for vehicle-to-everything (V2X) communication systems.

Mobility

Musk’s Hyperloop Company Gets Initial Permit in Washington, D.C.

The Boring Co., a Los Angeles-based startup formed by Tesla Inc. CEO Elon Musk 14 months ago, has been approved to start initial work on a proposed underground hyperloop tunnel in Washington, D.C.

EV-Hybrid

U.K. Ponders Nationwide Fast-Charge EV Stations Along Motorways

The U.K. is studying a plan to install a grid of high-power charging stations for electric cars that would put more than 90% of drivers within 50 miles of an ultra-faster charger, the Financial Times reports.

Business

Former F1 Driver Starts New Car Company

David Brabham, a former race car driver and youngest son of Formula One legend Jack Brabham, has formally launched Brabham Automotive Ltd.