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.

New Product

Infiniti Teases Sporty Crossover

August 16, 2019 at 12:07 PM

Nissan Motor Co.’s Infiniti unit will add a sporty variant of its QX50 compact crossover next summer.

EV-Hybrid

Indian Oil Refiner to Test EV Battery Swap Service

August 16, 2019 at 11:03 AM

Hindustan Petroleum Corp. Ltd. is preparing to test a service that would quickly swap batteries in India’s two- and three-wheeled electric vehicles

New Product

McLaren Confirms New Speedster

August 16, 2019 at 10:00 AM

McLaren Automotive Ltd. says it will launch a two-seat open-cockpit speedster late next year.

New Product

Chevy Readies China-Market EV

August 16, 2019 at 9:27 AM

General Motors Co. plans to introduce an all-electric crossover vehicle based on the Chevrolt Bolt platform later this year in China.

Powertrain

Diesel Market Share Skids to 14% in India

August 16, 2019 at 2:09 AM

Diesel sales captured 14% of India’s passenger car market in April-June, down from a peak of 47% seven years ago.

Facilities

Ghana Tax Breaks Cinch Auto Plant Deals

August 16, 2019 at 1:38 AM

Ghana has agreed to grant carmakers tax breaks for as long as 10 years if they open assembly plants in the country.

Facilities

SAIC Begins Construction of Huge Data Center

August 16, 2019 at 1:02 AM

Shanghai-based SAIC Motor Corp. has begun construction of a large cloud computing and “big-data” center in Zhengzhou, China’s state-run Xinhua News Agency reports.

Economics

WTO’s Trade Growth Indicator Drops

August 16, 2019 at 12:22 AM

The World Trade Organization says growth in the global trade of merchandise will remain below trend through at least the third quarter of 2019.

Economics

U.S., Japan to Continue Working Level Trade Talks

August 15, 2019 at 6:10 PM

Envoys from Japan and the U.S. have completed two days of working level talks in Washington, D.C., about a bilateral trade pact and will meet there again next week.

Mobility

Protected Bike Lanes Not Always Safer

August 15, 2019 at 5:37 PM

Designated bike lanes that are separated from vehicle traffic by barriers make cyclists feel safer, but they aren’t always better, says the Insurance Institute for Highway Safety.

Tech

Cooper Standard Gets Smart on Materials Development

August 15, 2019 at 5:23 PM

Cooper Standard Holdings Inc. says its new artificial intelligence-based process can reduce material development time by as much as 80%. 

EV-Hybrid

Report: Richest 25% Buy 56% of EVs in Norway

August 15, 2019 at 4:19 PM

The wealthiest 25% of households in Norway bought more than half the new electric cars purchased there last year, according to Statistics Norway.