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

Audi Readies New RS6 Avant

August 13, 2019 at 9:53 AM

Volkswagen AG’s Audi unit will take the wraps off the next-generation RS6 Avant all-wheel-drive performance wagon at next month’s Frankfurt auto show.

Sales

Car Wholesales Drop 4% in China

August 13, 2019 at 1:52 AM

Factory sales of new cars to dealers in China slid 4% to 1.8 million units, marking the 13th consecutive month of year-on-year shrinkage, says the China Assn. of Automobile Manufacturers.

Regulatory

Renault’s Dacia Unit Faces Steep Emission Costs

August 13, 2019 at 1:03 AM

The costs of meeting the European Union’s tightening emission rules may soon dry up profits for Renault SA’s popular Dacia low-price brand.

Business

Malaysia Rekindles Plan for Domestic Carmaker

August 13, 2019 at 12:30 AM

Malaysia again hopes to establish a new national car brand, this time through a partnership with Toyota’s Daihatsu Motor Co. unit.

New Product

Report: JLR Crossovers to Use BMW Platform

August 12, 2019 at 5:28 PM

Jaguar Land Rover Ltd.’s Jaguar unit is developing two small hybrid SUV/crossover vehicles that could ride on a front-wheel-drive platform sourced from BMW AG, sources tell Autocar.

Regulatory

NHTSA’s Acting Chief to Step Down by September

August 12, 2019 at 5:15 PM

The U.S. Dept. of Transportation confirms that Heidi King, acting head of the National Highway Traffic Safety Administration, will resign at the end of this month.

Regulatory

Conti Cuts Lead in Electronic Components

August 12, 2019 at 4:35 PM

Continental AG is reducing the lead in some electronic components used in vehicles sold in the European Union to meet the region’s end-of-life recycling regulations.

New Product

Suzuki Debuts Its First New Indian SUV in 35 Years

August 12, 2019 at 4:30 PM

Maruti Suzuki India Ltd. is preparing to introduce its first new SUV model in India since the Gypsy mini-four-wheel-drive SUV debuted there in 1985.

EV-Hybrid

Carmakers Prepare an EV Plan for South Africa

August 12, 2019 at 3:42 PM

BMW, Nissan and Volkswagen are among carmakers who are creating a unified approach to vehicle electrification in South Africa to present to the government by year-end.

Mobility

London Maps Biking Infrastructure

August 12, 2019 at 2:09 PM

London has created a route planning and parking database for bicycle users covering nearly 1,300 miles of bike lanes in the city.

Business

Austria’s AMS Offers €3.7 Billion to Buy Osram

August 12, 2019 at 1:51 PM

AMS AG, an Austrian maker of high-tech sensors, has upped its bid for Osram Light AG to €3.7 billion ($4.2 billion).

Sales

Global Car Sales Slipped 2% in July

August 12, 2019 at 12:26 PM

Worldwide deliveries of light vehicles slipped 2% to 7.30 million units last month, LMC Automotive reports.