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.

Finance

Michelin Hikes Operating Slips 3%

February 12, 2019 at 5:35 PM

Michelin & Cie. reports its operating income declined 3% to €2.6 billion ($2.9 billion). Sales revenue was flat at €22 billion ($25 billion).

Sales

U.S. Auto Loan Delinquencies at Record High

February 12, 2019 at 4:34 PM

The number of car owners in the U.S. who are at least three months late on their loan payments climbed to 7 million at the end of 2018.

Regulatory

EU, Japan Back Automatic Emergency Braking Rule

February 12, 2019 at 3:59 PM

The European Union and Japan support a United Nations plan that would equip all new passenger and light commercial vehicles with automatic emergency braking systems, beginning in 2020.

People

British Founder of Haynes Repair Manuals Dies

February 12, 2019 at 3:18 PM

John Haynes, who founded Haynes Repair Manuals for do-it-yourself enthusiasts, died this month at the age of 80 following a short illness.

New Product

Maserati Readies Electrified Sports Car

February 12, 2019 at 2:24 PM

Fiat Chrysler Automobiles NV’s Maserati unit plans to launch pre-production of the long-awaited Alfieri sports car at its Modena, Italy, factory in the first half 2020.

People

Renault Names CEO Bollore to Chair Alliance Holding Company

February 12, 2019 at 1:41 PM

Renault SA has appointed new CEO Thierry Bollore as chairman of Renault-Nissan BV, the Dutch holding company that coordinates the carmaker’s 20-year-old alliance with Nissan Motor Co.

Tech

Toyota Updates Crash Test Dummy Software

February 12, 2019 at 12:31 PM

Toyota Motor Corp. has released the sixth version of its Total Human Model for Safety (THUMS) virtual crash dummy software.

Finance

Nissan’s Operating Profit Jumps 25%

February 12, 2019 at 12:02 PM

Nissan Motor Co.’s operating profit surged 25% to 103.3 billion yen ($935 million) in October-December. Net revenue rose 6% to 3.0 trillion yen ($27.6 billion).

Powertrain

Tuner Company Offers 1,000-hp Chevy SUVs

February 12, 2019 at 11:51 AM

Specialty Vehicle Engineering is introducing 1,000-hp variants of the Chevrolet Suburban and Tahoe SUVs.

EV-Hybrid

Skoda Previews EV

February 12, 2019 at 9:48 AM

Volkswagen AG’s Skoda unit will take the wraps off an all-electric concept vehicle at next month’s Geneva auto show.

People

Northrop Grumman Exec Joins GM Board

February 12, 2019 at 8:46 AM

General Motors Co. is adding Wes Bush, chairman of Northrop Grumman Corp.’s board of directors, as a director to its own board.

EV-Hybrid

Daimler to Make Electrified Cars in Thailand

February 12, 2019 at 1:52 AM

Daimler AG says it is preparing to begin local assembly in Thailand of electrified vehicles and batteries to power them.