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.


Porsche Adds Apple Music

August 20, 2019 at 9:29 AM

Porsche AG will offer Apple Inc.’s live-streaming music service in new models sold in the U.S., starting this autumn with the Taycan electric sports car.

New Product

FCA Focuses On Small Cars, EVs for Europe

August 20, 2019 at 2:06 AM

Fiat Chrysler Automobiles NV will revamp the center of its European product lineup around its two best-selling models, the 500 city car and Panda mini crossover, Autocar reports.


Mahindra Sheds 1,500 Employees as Sales Sag

August 20, 2019 at 12:46 AM

Mahindra & Mahindra Ltd. says it has eliminated 1,500 contract jobs in India since April and warns more layoffs are possible next month if sales continue to slide.


Koenigsegg Nabs Former Bugatti, Genesis Designer

August 19, 2019 at 5:33 PM

Sweden’s Koenigsegg AB has hired Alexander "Sasha" Selipanov, who penned the Bugatti Chiron, as its new design chief. 


1994 McLaren Auctioned for Nearly $20 Million

August 19, 2019 at 4:53 PM

An unidentified buyer paid $19.8 million for a 1994 McLaren F1 supercar at a RM Sotheby auction during last weekend’s Pebble Beach Concours d'Elegance in California. 


CEO of EV Startup Canoo Steps Down

August 19, 2019 at 3:51 PM

Stefan Krause, the co-founder and CEO of Los Angeles-based electric vehicle startup Canoo Inc., is stepping down from day-to-day operations for unspecified personal reasons.


Study: Dealers, Carmakers Must Step Up on EVs

August 19, 2019 at 3:18 PM

Car makers and their dealers need to step up their efforts to explain electric vehicles to skeptical consumers, says a survey by Cox Automotive.


Gloomy Results for French Solar Road

August 19, 2019 at 2:37 PM

The 1-km (0.6-mile) solar road installed in late 2016 in northwest France has failed to meet expectations for the project, reports Le Monde.


EV Maker Nio Cuts 1,000 Jobs as Sales Slide

August 19, 2019 at 2:04 PM

Shanghai-based Nio Ltd. has eliminated 10% of its workforce, shedding 1,000 jobs as demand for its electric vehicles falls.


Retail Car Sales in India Drop 11%

August 19, 2019 at 1:06 PM

Retail deliveries of passenger cars slid 11% to 243,200 units in July, the Federation of Automobile Dealers Assns. reports.


Mercedes Adds Plug-In Hybrid Variants

August 19, 2019 at 12:36 PM

Daimler AG’s Mercedes-Benz unit is launching plug-in hybrid versions of its entry-level A- and B-Class cars.


Yandex Seeks 10x Expansion of Robotic Car Fleet

August 19, 2019 at 11:37 AM

Russian internet and ride-hailing services provider Yandex NV tells Reuters it hopes to put 1,000 self-driving test cars on the road within two years.