New Product

BMW Targets Ultra-Luxury Performance Niche with 8 Series Coupe

June 18, 2018 at 3:29 PM

BMW AG says its all-new 8 Series coupe combines a potent combination of top-end driving performance and posh luxury appointments unlike any other vehicle on the market.

Regulatory

U.K. Softens Targeted Ban on Piston-Powered Vehicles

June 18, 2018 at 2:26 PM

The U.K., which last July declared it would ban all forms of piston-powered vehicles by 2040, is backing away from that target.

Facilities

Adient Drops Plan to Move Headquarters to Detroit

June 18, 2018 at 2:00 PM

Automotive interiors supplier Adient plc has scrapped plans to relocate its operational headquarters to a historic building in downtown Detroit from its current location in suburban Plymouth.

Economics

Oil Prices Drop as Producers Eye Production Hikes

June 18, 2018 at 10:36 AM

Oil futures, which reached three-year highs earlier this month, fell about 3% on reports that Saudi Arabia and Russia may boost their petroleum output this week.

EV-Hybrid

Japanese Group Moves Ahead with Solid-State-Battery Project

June 18, 2018 at 10:32 AM

Japan’s New Energy and Industrial Technology Development Organization has launched the second phase of a 10-billion yen ($90 million) program to develop solid-state lithium-ion batteries for next-generation electric vehicles.

EV-Hybrid

Magna Partners with BAIC to Make EVs in China

June 18, 2018 at 9:35 AM

Canada’s Magna International Inc. has formed two joint ventures with Beijing Electric Vehicle Co. (BJEV) to build electric cars in China, starting in 2020.

New Product

Lincoln to Rename Next-Gen MKC the Corsair

June 18, 2018 at 9:07 AM

Ford Motor Co.’s Lincoln unit plans to rename its MKC compact crossover vehicle the Corsair when the next-generation model debuts in 2020, Automotive News reports.

People

UPDATE: Audi Names Interim CEO after Stadler Arrest in Diesel Scandal

June 18, 2018 at 8:56 AM

Prosecutors in Munich say Rupert Stadler, CEO of Volkswagen AG’s Audi unit, was arrested and jailed earlier today to prevent him from obstructing their investigation into diesel emission cheating.

Regulatory

Audi Recalls 139,200 Cars with Defective Seat Sensors

June 18, 2018 at 8:42 AM

Audi AG is recalling 139,200 of its “S” series sports sedans with front passenger seats that may lose their ability to detect an occupant and control the airbags correctly.

Tech

Toyota Hybrids Finish 1-2 at Le Mans

June 18, 2018 at 8:25 AM

Toyota Motor Corp.’s TS050 Hybrid race cars finished first and second at this weekend’s 24 Hours of Le Mans endurance race, giving the carmaker its first victory at the famous French venue.

Tech

Volvo Aims for 25% Recycled Plastic by 2025

June 18, 2018 at 2:18 AM

Volvo Car Corp. says at least 25% of the plastic it uses in new cars by 2025 will be made from recycled material.

Business

GM Ponders Separate Stock for Cruise Automation Unit

June 18, 2018 at 1:17 AM

General Motors Co. has launched an internal discussion that could lead to spinning off the company’s 2-year-old Cruise Automation unit in a few years, sources tell Bloomberg News.