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.


Hyundai Mobis Targets Commercial Truck Sensor Market

August 14, 2019 at 4:01 PM

Hyundai Motor Co.’s Hyundai Mobis parts affiliate will begin supplying its own radar and camera sensors for use in Hyundai commercial trucks next month, the Korea Herald reports.


Subaru Outback Offers Water-Friendly Interior

August 14, 2019 at 3:36 PM

Subaru Corp. is debuting a water-resistant seating upholstery on upscale versions of the redesigned 2020 Outback midsize crossover vehicle.


Ford Recalls Fusion, Lincoln MKZ for Seatbelt Flaw

August 14, 2019 at 2:42 PM

Ford Motor Co. is calling back 108,400 of its 2015 model Ford Fusion and Lincoln MKZ midsize sedans in North America to fix seatbelts that could fail in a crash.


Germany’s Economy Posts Quarterly Decline

August 14, 2019 at 2:25 PM

Germany says its economy has shrunk for the second time in four quarters, contracting 0.1% in April-June compared with the previous three months.

New Product

Bugatti Confirms Hypercar

August 14, 2019 at 1:48 PM

Confirming reports from earlier this year, Volkswagen AG’s Bugatti supercar unit says it will unveil a new limited-edition model on Friday in Pebble Beach, Calif.


Troopers Sue Ford Over Fumes in Explorer SUVs

August 14, 2019 at 1:01 PM

Six state troopers in Washington claim in a lawsuit that police versions of the Ford Explorer SUV leak exhaust fumes into the passenger compartment.


Bosch Touts Potential of Fuel Cell Vehicles

August 14, 2019 at 12:48 PM

Robert Bosch GmbH says fuel cell powertrains will play a growing role in next-generation vehicles, especially medium- and heavy-duty commercial trucks.


Lear Taps Aerospace Exec to Head E-Systems Unit

August 14, 2019 at 11:49 AM

Lear Corp. has appointed Carl Esposito, who most recently lead the electronics arm of Honeywell International Inc.’s aerospace business, as president of Lear’s E-Systems division, effective Sept. 3.


Holographic Startup Lands Funding

August 14, 2019 at 10:40 AM

Light Field Lab Inc., a Silicon Valley-based startup which is developing hologram technology that doesn’t require virtual reality headsets, has raised $28 million in Series A funding.


Ford Extends Warranty on Dual-Clutch Gearboxes

August 14, 2019 at 10:29 AM

Ford Motor Co. is extending its warranty on 560,000 dual-clutch transmissions after highly publicized complaints that the gearbox may hesitate or suddenly shift out of gear.


Tesla Begins Model 3 Sales in S. Korea

August 14, 2019 at 1:50 AM

Tesla Inc. formally introduced its Model 3 electric sedan in South Korea yesterday.


Work Begins on FCA’s New Detroit Assembly Plant

August 14, 2019 at 1:22 AM

Fiat Chrysler Automobiles NV has begun erecting a new paint shop on a site in Detroit that will house the city’s first new assembly plant in nearly 30 years.