People

Flying Taxi Startup Hires Supercar Designer

April 24, 2018 at 1:57 PM

Lilium GmbH, a flying taxi startup based in Gilching, Germany, has hired Frank Stephenson to design its vehicles, launch pads and departure lounges.

Finance

Opel Acquisition Boosts PSA’s Revenue 42%

April 24, 2018 at 1:30 PM

PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.

New Product

Maybach EV Concept Breaks Cover

April 24, 2018 at 12:11 PM

Daimler AG’s Mercedes-Maybach unit has unveiled its all-electric Vision Ultimate Luxury concept car ahead of this week’s Beijing auto show.

Sales

March Truck Sales Fall 3% in Europe

April 24, 2018 at 11:33 AM

Sales of commercial vehicles across Europe declined 3% year on year to 268,000 units last month, trade group ACEA reports.

EV-Hybrid

VW’s China Ventures Plan €15 Billion Investment in Tech

April 24, 2018 at 10:52 AM

Volkswagen AG says its two joint ventures in China will spend a combined €15 billion ($18.3 billion) over the next five years on advanced technologies.

EV-Hybrid

Future Infiniti EVs to Take Inspiration from Concept Car

April 24, 2018 at 10:42 AM

Nissan Motor Co.’s Infiniti arm plans to launch a platform for electrified vehicles based on the stylish Q Inspiration concept car it unveiled in January at the Detroit auto show.

Tech

Visteon to Supply Integrated Cockpit ECU to Geely

April 24, 2018 at 9:54 AM

Visteon Corp. will supply its integrated cockpit domain controller to China’s Geely Auto Group for the carmaker’s new electric vehicle platform.

Mobility

Amazon Launches In-Car Delivery Service with GM and Volvo

April 24, 2018 at 8:49 AM

Amazon.com has announced separate partnerships with General Motors and Volvo Cars to deliver packages directly to owners’ vehicles.

Business

Initial Bailout Funding Deal for GM Korea Likely This Week

April 24, 2018 at 12:51 AM

General Motors Co. expects before the end of this week to sign a deal with Korea Development Bank to provide GM Korea with a KDB bailout loan worth 500 billion won ($465 million).

Regulatory

Court Blocks Delay in Hiking Gas Guzzler Fines

April 24, 2018 at 12:19 AM

A U.S. federal appeals court has overruled the Trump administration’s effort to delay a sharp increase in the fines carmakers pay for failing to meet U.S. fuel economy targets.

Tech

Global Autonomous Vehicle Advocacy Group Proposed

April 24, 2018 at 12:05 AM

The largest carmaking countries should form a group to push for a single set of global engineering standards for self-driving vehicles, suggests the head of the Washington, D.C., auto show.

Powertrain

Ford Eschews GM-Developed 9-Speed Transmission

April 23, 2018 at 3:45 PM

Ford Motor Co. is not using the 9-speed automatic transmission developed by General Motors Co. as part of the powertrain partnership the companies launched in 2013, Automotive News reports.