Economics

U.S. Steams Ahead with New Tariffs on Chinese Goods

August 21, 2018 at 1:04 AM

The Trump administration is moving closer this week to sharply broadening tariffs on Chinese goods even as it begins a new round of talks with China to scrap the protective taxes.

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Dassault Systemes

Aligning Virtual Prototyping with Reality

ESI Group’s SimulationX virtual prototyping software helps speed product development by enabling more accurate computer simulations, says Alan Arico.

Powertrain

Updated SSC Supercar Targets Speed Record

August 20, 2018 at 5:15 PM

West Richland, Wash.-based SSC North America says the top speed of its revised Tuatara hypercar will “easily surpass” the current world record for a production car of 278 mph, which was set last year by a Koenigsegg Agera RS.

Americas

Pay Hike Averts VW Strike in Mexico

August 20, 2018 at 4:40 PM

Volkswagen AG has sidestepped a strike at its giant assembly complex in Puebla, Mexico, with a pay hike and richer benefits, Reuters reports.

Regulatory

Daimler Refutes Diesel Recall Report

August 20, 2018 at 4:23 PM

Daimler AG refutes a Der Spiegel report that the company faces a recall of 700,000 diesels, asserting that the vehicles are already part of a repair campaign announced in June.

New Product

No Sports Car in Bentley Future

August 20, 2018 at 3:28 PM

Volkswagen AG’s Bentley unit has no plans to add a sports car as part of its efforts to grow global sales.

Regulatory

VW Plans Global Recall for Ceiling Light Fire Hazard

August 20, 2018 at 1:52 PM

Volkswagen AG is preparing a global callback of nearly 700,000 of Tiguan crossover vehicles and Touran minivans to fix a ceiling-mounted lighting strip that could cause a fire.

Production

Nissan to Expand Capacity 40% in China

August 20, 2018 at 1:15 PM

Nissan Motor Co. is readying a $900 million plan to hike production capacity in China 40% by 2021, sources tell Reuters.

EV-Hybrid

Dyson Extends Digital Motor Tech Name to EVs

August 20, 2018 at 12:27 PM

Household electronics specialist Dyson Ltd. has filed for a trademark in Europe that would extend the company’s “digital motor” terminology to include its planned electric vehicle lineup.

People

Musk Rules Out Shorter Work Hours

August 20, 2018 at 11:44 AM

Tesla Inc. Elon Musk has rejected a suggestion from media mogul Arianna Huffington that he take a break from his professed 120-hour workweeks for the sake of his health.

Powertrain

Audi Drops Manual Transmissions in U.S.

August 20, 2018 at 11:41 AM

Audi AG is discontinuing manual transmission options for its A4 sedan and A5 coupe in the U.S., where they are the only two models that offer a stick shift.

Business

JCI to Decide Fate of Its Battery Business by November

August 20, 2018 at 11:39 AM

Johnson Controls International plc says it is giving itself three more months to decide what to do with its battery business.

Finance

Report: Saudi Fund in Talks with Lucid Motors

August 20, 2018 at 10:44 AM

Saudi Arabia’s Public Investment Fund, which bought a nearly 5% stake in Tesla Inc. earlier this month, is mulling a $1 billion investment to gain majority ownership of rival electric vehicle maker Lucid Motors Inc.

Business

Proton, Geely Expand Partnership to China

August 20, 2018 at 2:17 AM

Malaysia’s Proton Holdings Bhd and its 49.9% owner, Zhejiang Geely Holding Group, are expanding their partnership with a new venture to make cars in China.