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.

Mobility

Daimler Suspends Car-Sharing Service in Chicago

April 18, 2019 at 4:55 PM

Daimler AG’s Car2Go car-sharing unit has suspended operations in Chicago after more than 100 of the service’s fleet were stolen this week.

People

GM’s Barra Takes a Pay Cut But Out-Earns Rivals

April 18, 2019 at 4:35 PM

General Motors Co. Chairman and CEO Mary Barra earned $21.9 million in compensation last year, down from $22 million in 2017.

Business

VW Joins Blockchain Group for Sustainable EV Materials

April 18, 2019 at 4:21 PM

Volkswagen AG has joined a consortium that will use blockchain technology to trace and validate “ethically sourced” minerals, including those used in lithium-ion batteries for electrified vehicles.

EV-Hybrid

Germany Ponders Extending EV Incentives

April 18, 2019 at 4:15 PM

German ministries are reviewing a proposal by the economy ministry to continue subsidies for buyers of electric cars through the end of 2020.

Economics

White House Says New NAFTA Will Spur $34 Billion Expansion

April 18, 2019 at 3:23 PM

The Trump administration tells reporters the trade deal it reached last year with Mexico and Canada will create 76,000 U.S. auto jobs and generate $34 billion in new investments in the American auto industry.

People

Munoz Joins Hyundai as COO

April 18, 2019 at 1:47 PM

Hyundai Motor Co. confirms earlier reports that it has hired former Nissan Motor Co. executive Jose Munoz to be its global chief operating officer and head of Hyundai operations throughout the Americas.

Powertrain

Mazda Launches Diesel-Powered CX-5 SUV in U.S.

April 18, 2019 at 10:14 AM

After several delays, Mazda Motor Corp. is adding a diesel variant of its CX-5 SUV/crossover vehicle in the U.S.

Business

Nissan Enlisted Govt. Help to Thwart Renault Merger

April 18, 2019 at 10:03 AM

Last year’s efforts by Carlos Ghosn, then chairman of Nissan Motor Co. and Renault SA, to merge the two companies were being undermined by secret efforts between Nissan and the Japanese government.

Business

Report: Daimler Targets $9 Billion in Cost Cuts by 2021

April 18, 2019 at 8:49 AM

Daimler AG aims to achieve €8 billion ($9 billion) in combined cost savings from its passenger car and commercial truck operations by 2021, sources tell Manager Magazin.

Business

Mahindra, Ford Sign SUV Deal for Indian Market

April 18, 2019 at 2:27 AM

Ford Motor Co. and Mahindra & Mahindra Ltd. have agreed to co-develop a midsize SUV to sell in India and emerging markets.

Production

PSA May Move U.K. Astra Production to Germany

April 18, 2019 at 1:09 AM

PSA Group is near a decision shift as much as 75% of its output of Opel Astra small cars from the Ellesmere Port, England, to Russelsheim, Germany.

Facilities

FCA’s Minivan Plant to Get $262 Million investment

April 18, 2019 at 12:26 AM

Fiat Chrysler Automobiles NV plans to spend $262 million this year to prepare its minivan plant in Windsor, Ont., for a “future product,” according to Unifor union President Jerry Dias.