Economics

Trump Reaffirms Threat of Tariffs on Cars from EU

February 20, 2019 at 3:19 PM

President Donald Trump reiterated to reporters earlier today that he will impose tariffs on cars from the European Union if talks fail to produce a more balanced trade deal.

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Dassault Systemes

Testing the Building Blocks for Self-Driving Vehicles

VSI Labs helps developers of technologies for self-driving cars better understand how their products affect the vehicle’s overall performance.

Powertrain

FCA Redlines 10 Millionth Pentastar V-6

February 14, 2019 at 12:05 PM

Fiat Chrysler Automobiles NV says cumulative production of its Pentastar V-6 engines has surpassed 10 million units.

Business

Tenneco/Federal-Mogul Spinoff to be Named “Driv”

February 14, 2019 at 11:16 AM

The spinoff company resulting from Tenneco Inc.’s acquisition of Federal-Mogul Corp. last year will be called Driv Inc.

EV-Hybrid

Honda Screens In on Tiny EV

February 14, 2019 at 10:32 AM

Honda Motor Co.’s latest Urban EV concept car features a large dashboard display that stretches across the passenger cabin.

Economics

Germany Narrowly Avoids Recession

February 14, 2019 at 10:22 AM

The German economy, which shrank by 0.2% in the third quarter of 2018, posted zero growth in October-December, according to government data.

Finance

Renault’s Sales, Earnings Slide

February 14, 2019 at 9:23 AM

Renault SA reports that its revenue and net income in 2018 fell 2% to €57.4 billion ($64.8 billion) and 38% to €3.3 billion ($3.7 billion), respectively.

New Product

Audi Previews Sporty Electric Crossover

February 14, 2019 at 9:15 AM

Volkswagen AG plans to introduce a third model, a compact crossover, in its e-tron electric vehicle lineup in early 2021.

Facilities

Nissan Plans Assembly Plant in Algeria

February 14, 2019 at 1:36 AM

Nissan Motor Co. is partnering with Algerian conglomerate and local Nissan distributor Groupe Hasnaoui to build cars and light commercial vehicles for the African market.

Economics

Trump May Let China Trade Deal Deadline Slip

February 14, 2019 at 12:51 AM

President Donald Trump says he might extend the March 1 deadline for a trade deal between the U.S. and China if the two sides appear to be close to a “real deal.”

People

Ghosn Hires New Captain for His Legal Defense Team

February 14, 2019 at 12:40 AM

Carlos Ghosn says he has hired a new lawyer to lead the trial phase of his defense after being arrested in Japan two months ago and charged with financial wrongdoing as Chairman of Nissan Motor Co.

Economics

Ford Warns that a Hard Brexit Would Be “Catastrophic”

February 14, 2019 at 12:24 AM

Ford Motor Co. warns it will take whatever action is needed to defend its operations in Europe if the U.K. leaves the European Union in March with no replacement trade deals in place.

Sales

Car Sales Dip 2% in India

February 13, 2019 at 5:10 PM

January new-car sales in India declined to 280,100 units from 285,500 a year earlier, according to the Society of Indian Automobile Manufacturers.

People

Renault Cuts €30 Million Severance Payment for Ghosn

February 13, 2019 at 4:17 PM

Renault SA’s board has voted unanimously against granting former Chairman and CEO Carlos Ghosn two years of severance pay worth about €30 million ($34 million).