Sales

Global Light Vehicle Sales Shrank Last Year

January 15, 2019 at 10:20 AM

Worldwide sales of light vehicles dropped 7% in December, resulting in the market’s first full-year decline since 2009, LMC Automotive reports.

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Dassault Systemes

VSI: Helping Developers Integrate Safety, Autonomy

Minneapolis-based VSI Labs advises designers of active safety and automated driving systems on planning and engineering during the early stages of development.

EV-Hybrid

Ford Partners with Rivian on Electric Truck

April 24, 2019 at 9:14 AM

Ford Motor Co. has agreed to invest $500 million in Rivian Automotive LLC and partner with the Plymouth, Mich.-based startup on an electric truck.

Business

BMW to Source Cobalt Directly from Approved Mines

April 24, 2019 at 8:37 AM

BMW AG plans to buy cobalt, which is used in lithium-ion batteries for electrified vehicles, directly from mines to ensure child labor isn’t used during the mining process.

Finance

Hyundai’s Quarterly Profits Jump 24%

April 24, 2019 at 2:09 AM

Hyundai Motor Co.’s net profit in January-March climbed 24% to 829 billion won ($722 million), thanks to an upturn in sales in South Korea and the U.S. that offset weak demand in China.

Regulatory

Japan Adds EV Emissions to Fuel Economy Goals

April 24, 2019 at 1:38 AM

Japan plans new emission standards this summer that recognize electric cars don’t directly emit pollutants, but the power plants that charge their batteries do.

People

Hyundai Taps Loasby to Head Global Design

April 24, 2019 at 12:21 AM

Hyundai Motor Co. has promoted Simon Loasby, its head of design in China, to director of its corporate design center in Seoul, South Korea.

Finance

First-Quarter Results Sag for Harley-Davidson

April 23, 2019 at 6:16 PM

Motorcycle maker Harley-Davidson Inc.’s first-quarter consolidated revenue fell 10% to $1.4 billion, and net earnings plunged one-third to $128 million.

Tech

Partners Launch HD Mapping Platform

April 23, 2019 at 4:49 PM

California-based chipmaker Ambarella Inc. and Chinese startup Momenta have developed a high-definition mapping platform for autonomous vehicles.

People

Lucid Motors Names Rawlinson as CEO

April 23, 2019 at 4:30 PM

Electric car startup Lucid Motors Inc. has named Peter Rawlinson as CEO, effective immediately.

New Product

Hyundai Readies “N” Variants of New Venue Crossover

April 23, 2019 at 3:08 PM

Hyundai Motor Co. is developing up-level versions of its all-new Venue small crossover vehicle.

People

Prosecutors Probe Bonuses Paid to Suspended VW Exec

April 23, 2019 at 2:53 PM

Prosecutors may level breach of fiduciary duty charges against Volkswagen AG for paying bonuses to an executive suspended during VW’s diesel emission cheating scandal.

Sales

Cadillac to Expand Dealer Network by Two-Thirds in China

April 23, 2019 at 2:30 PM

General Motors Co.’s Cadillac brand says it aims to increase its dealer outlets in China by 66% to 500 locations.

Regulatory

U.S. Steps Up Probe of 12.3 Million Faulty Airbag Controllers

April 23, 2019 at 1:25 PM

The National Highway Traffic Safety Administration has upgraded a year-old investigation into an electrical flaw in 12.3 million TRW Automotive airbag controllers linked to eight fatalities.