Business

CEOs Say Shareholder Value Isn’t Everything

August 19, 2019 at 5:11 PM

Publicly trade companies have a duty to do much more than deliver hefty dividends to shareholders, says the Business Roundtable.

Track-Testing Schaeffler’s e-Mobility Tech

For years Schaeffler Group USA has been helping carmakers make their powertrains more efficient through electrification, supplying everything from components to turnkey systems.

Mobility

Report: China’s Ride-Hailing Market to Rebound

August 20, 2019 at 6:30 PM

China’s market for ride-hailing services, whose growth has slowed to less than 5% this year from 25% in 2018, will rebound to at least 10% in 2021, predicts Bain & Co.

Production

BMW Ramps Up iNext EV Prototypes

August 20, 2019 at 6:27 PM

BMW AG has begun building prototypes of its upcoming iNext electric vehicle at its pilot manufacturing plant in Munich.

Regulatory

Mercedes May Join Calif. Fuel Economy Coalition

August 20, 2019 at 5:38 PM

Daimler AG is preparing to join three other major carmakers in backing a California scheme to boost fuel economy in spite of Trump administration plans to the contrary.

Tech

JLR Eyes 3D Display

August 20, 2019 at 5:36 PM

Jaguar Land Rover Ltd. is developing a 3D head-up display system that could be used to improve safety and enhance passenger entertainment.

Mobility

Segway Readies Remote-Controlled Scooter Tech

August 20, 2019 at 4:32 PM

Segway-Ninebot Group says it has developed an electric scooter that can be guided to a central charging station via a remote operator.

Business

Daimler Ponders Overhaul of Mercedes Vans Unit

August 20, 2019 at 2:50 PM

Daimler AG says it is reviewing the product lineup for its Mercedes-Benz Vans unit and pondering other steps to cut fixed costs and streamline the division’s management structure.

Mobility

New Waymo Tests Target Wet Florida Weather

August 20, 2019 at 2:48 PM

Alphabet Inc.’s Waymo unit is expanding tests of its self-driving car fleet to Florida this month to evaluate performance in heavy rainstorms.

New Product

Sporty Ford Models to Keep Manual Gearboxes

August 20, 2019 at 2:12 PM

Ford Motor Co. says it will continue to offer manual transmissions in the Mustang pony car and other select models. 

Sales

VW Group Sales Drop 2% in July

August 20, 2019 at 1:45 PM

Volkswagen AG global sales slipped 2% last month, in spite of a slight gain in China.

People

Legendary Auto Spy Photographer Dunne Dies

August 20, 2019 at 1:17 PM

Jim Dunne, who virtually invented the art of automotive spy photography, died Monday at age 88 in suburban Detroit.

New Product

Mercedes Unveils Electric MPV

August 20, 2019 at 12:17 PM

Daimler AG’s Mercedes-Benz unit has taken the wraps off the production version of its all-electric EQV van this week ahead of the vehicle’s public unveiling at next month’s Frankfurt auto show.

EV-Hybrid

Ford, Lincoln Plan EV Crossovers for 2023

August 20, 2019 at 11:24 AM

Ford Motor Co. reportedly is developing two all-electric crossover models that will debut in the U.S. for the 2023 model year.