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.

Tech

Bosch Touts 3D Digital Display for Drivers

August 12, 2019 at 12:17 PM

Robert Bosch GmbH has unveiled a 3D effect for digital displays in cars that the company says can convey information to drivers faster and more precisely.

EV-Hybrid

EV Sales Fall in China

August 12, 2019 at 11:44 AM

Slumping demand for new cars in China has hit the country’s market for electrified models with the segment's first sales decline in more than two years.

New Product

Nissan Drops Diesel for Titan Pickup Truck

August 12, 2019 at 11:02 AM

Nissan Motor Co. is phasing out the V-8 diesel option and paring down the number of cab configurations for its fullsize Titan pickup truck in the U.S. 

Regulatory

FCA Offers a Fix for Jeep Shimmy Issue

August 12, 2019 at 12:40 AM

Fiat Chrysler Automobiles NV says a revised steering damper should solve complaints about Jeep SUVs developing a persistent shimmy at highway speeds.

EV-Hybrid

Toyota Plans 4th EV Battery Plant in China

August 12, 2019 at 12:13 AM

Toyota Motor Corp. plans to open a fourth battery plant in China in 2021 to power locally produced hybrid vehicles.

Facilities

PSA-Dongfeng Venture to Close 2 Plants in China

August 12, 2019 at 12:04 AM

PSA Group and Dongfeng Motor Group plan to close two of their four joint-venture assembly plants in China and dismiss half the venture’s employees.

Legal

First-Round Payouts to Takata Victims Due

August 09, 2019 at 5:13 PM

A fund set up to compensate people injured by exploding Takata Inc. airbag inflators is ready to award $10 million in first-round payments.

EV-Hybrid

BMW to Test Wireless Charging in California

August 09, 2019 at 4:01 PM

BMW AG is launching a wireless charging program in California for 200 buyers of the carmaker’s 2019-model 530e plug-in hybrid sedan.

Sales

Global Retail Sales to Shrink 3% This Year

August 09, 2019 at 3:22 PM

Worldwide retail sales of light-duty vehicles this year are likely to fall 3% to 92.1 million units, says Jeff Schuster, head of global forecasting for LMC Automotive.

New Product

Fisker Teases More EVs

August 09, 2019 at 3:15 PM

California-based electric vehicle maker Fisker Inc., which aims to launch its first model in two years, says two more vehicles are in the works.

EV-Hybrid

Mercedes to Show New EV in Frankfurt

August 09, 2019 at 2:49 PM

Daimler AG’s Mercedes-Benz unit will unveil a new electric vehicle at next month’s Frankfurt auto show.

Legal

Lawsuit: Tesla Cut Battery Range to Hide Flaw

August 09, 2019 at 1:46 PM

A lawsuit in California claims that a recent Tesla Inc. software update caused a sudden drop in the driving range of the company’s older Model S and Model X electric vehicles.