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.

Tech

Startup Licenses DOE Hydrogen Conversion Tech

August 19, 2019 at 11:24 AM

Knoxville, Tenn.-based Electro-Active Technologies Inc. is licensing two biorefinery technologies from the Dept. of Energy’s Oak Ridge National Laboratory in Tennessee to create hydrogen fuel from food waste.

People

Forster to Chair Hella’s Shareholder Committee

August 19, 2019 at 11:15 AM

Lighting and electronics supplier Hella GmbH & Co. plans to name industry veteran Carl-Peter Forster to chair its shareholder committee, effective Sept. 27.

Economics

Japan, U.S. Aim This Week for Quick Trade Pact

August 19, 2019 at 2:42 AM

Top U.S. and Japanese trade negotiators will meet for two days in Washington, D.C., this weeks in hopes of cinching a deal between the two countries by September.

Sales

Tata Braces For Sharp Sales Drop in India

August 19, 2019 at 2:03 AM

India’s Tata Motors Ltd. has warned suppliers that its domestic passenger and commercial vehicle operations each may see sales drop by double digits through next spring.

Economics

White House Foresees No Recession

August 19, 2019 at 1:37 AM

Bullish Trump administration economic and trade advisors say there is no chance of a U.S. recession anytime soon.

Sales

Mercedes Continues to Outsell Audi, BMW in China

August 19, 2019 at 12:17 AM

Daimler AG’s Mercedes-Benz brand outsold rivals Audi and BMW through the first seven months of 2019, Automotive News reports.

Legal

SEC, VW Urged to Resolve Diesel Lawsuit

August 16, 2019 at 4:56 PM

U.S. District Judge Charles Breyer has given Volkswagen AG and the U.S. Securities and Exchange Commission seven weeks to attempt to settle their lawsuit over VW’s diesel emission cheating.

Powertrain

Honda Civic Expands Manual Gearbox Availability

August 16, 2019 at 3:14 PM

Bucking the trend to abolish manual gearboxes in the U.S., Honda Motor Co. is adding an optional 6-speed manual for the Sport Touring version of the 2020  model Civic hatchback.  

EV-Hybrid

A Car by Any Other Definition

August 16, 2019 at 2:26 PM

The electric-powered Jaguar I-Pace crossover doesn't meet the Oxford English Dictionary definition of a car because it isn’t piston-powered. Jaguar Land Rover is asking for an update.

Business

BMW’s New CEO to Staff: Think Positively

August 16, 2019 at 1:39 PM

New BMW CEO Oliver Zipse is urging staffers to think ahead about how to outsell rival Daimler AG and its Mercedes-Benz brand.

EV-Hybrid

German Rental Car Company Cancels Tesla Order

August 16, 2019 at 12:58 PM

Nextmove, a German electric car rental company, has canceled an order for 100 Tesla Model 3 electric sedans, citing repair and quality issues.

Legal

Velodyne Claims Chinese Patent Infringement

August 16, 2019 at 12:51 PM

Velodyne Lidar Inc. has accused two Chinese companies of infringing on its patents for rotating 3D sensors used by autonomous vehicles to detect objects around them.