Economics

US. Trade Chief Predicts Quick Solution on NAFTA Update

June 20, 2019 at 12:00 AM

U.S. Trade Representative Robert Lighthizer says he can easily resolve concerns Democrats have over the proposed successor to the North American Free Trade Agreement.

GHSP: from Metal Stamping to Electronic Controls

Michigan-based GHSP Inc. started a century ago as a metal stamping company. Today, it’s a full-fledged electronic controls supplier.

Economics

Fed Leaves Interest Rates Unchanged, For Now

June 20, 2019 at 12:09 AM

The Federal Reserve voted late Wednesday to leave its benchmark lending rate unchanged at 2.25%-2.5%. But the central bank also signaled strongly that it will lower the rate later this year if the economic outlook dims.

People

Singh Named CEO of BMW India

June 19, 2019 at 5:30 PM

BMW AG has appointed Rudratej Singh as the president and CEO of the company’s operations in India, effective Aug. 1.

Regulatory

UAW to Oppose Trump Plan to Freeze Emission Limits

June 19, 2019 at 3:43 PM

The United Auto Workers union is scheduled testify tomorrow that it opposes the Trump administration’s plan to freeze fuel economy standards at 2020 levels.

New Product

BMW Pulls the Plug on Compact MPVs

June 19, 2019 at 3:30 PM

BMW AG doesn’t plan to produce successors to the 2 Series Active Tourer or Gran Tourer compact MPVs after the first-generation models are phased out.

Sales

Hyundai Brands Top J.D. Power Quality Ratings Again

June 19, 2019 at 3:05 PM

Hyundai Motor Co. and its Genesis and Kia brands swept the top three spots in J.D. Power’s Initial Quality Study for the second consecutive year.

Regulatory

GM Continues Effort to Avoid Takata Airbag Recall

June 19, 2019 at 11:41 AM

General Motors Co. is hoping for the fourth consecutive year to be excused from recalling more than 6 million vehicles fitted with Takata airbag inflators that could explode in a crash.

Powertrain

Ford Revs up Mustang Shelby GT500

June 19, 2019 at 10:19 AM

Ford Motor Co.’s upcoming Mustang Shelby GT500 will generate 760 hp and 625 lb-ft of torque, which the carmaker says makes it the most powerful street-legal model in the company’s history.

Business

Top French, Japan Leaders to Discuss Renault-Nissan Alliance

June 19, 2019 at 10:13 AM

French President Emmanuel Macron and Japan Prime Minister Shinzo Abe will meet next week to discuss the future of the troubled Renault-Nissan alliance.

Legal

Report: Czech Court Orders VW to Pay Diesel Compensation

June 19, 2019 at 9:40 AM

A Czech Court says Volkswagen AG must pay compensation to customers whose diesel engines were rigged to evade emission laws, according to news website Seznam.

Business

Geely Chooses Zenuity for Autonomous-Car Software

June 19, 2019 at 8:49 AM

China’s Geely Auto Group has selected Sweden’s Zenuity AB as its preferred supplier of software for driver-assist and autonomous vehicle software.

Regulatory

London Nudges Drivers Toward Electric Cars

June 19, 2019 at 8:07 AM

The city of London’s long-term plan is to make its streets more pleasant for pedestrians and users of electrified transportation.

Mobility

Rolls-Royce Buys Siemens Electric Aircraft Business

June 19, 2019 at 7:53 AM

Aircraft engine manufacturer Rolls-Royce Holdings plc has agreed to buy Siemens AG’s eAicraft unit, which is developing electric propulsion systems for air taxis and mid-range jets.