Economics

U.S. Steams Ahead with New Tariffs on Chinese Goods

August 21, 2018 at 1:04 AM

The Trump administration is moving closer this week to sharply broadening tariffs on Chinese goods even as it begins a new round of talks with China to scrap the protective taxes.

Powertrain

Updated SSC Supercar Targets Speed Record

August 20, 2018 at 5:15 PM

West Richland, Wash.-based SSC North America says the top speed of its revised Tuatara hypercar will “easily surpass” the current world record for a production car of 278 mph, which was set last year by a Koenigsegg Agera RS.

Americas

Pay Hike Averts VW Strike in Mexico

August 20, 2018 at 4:40 PM

Volkswagen AG has sidestepped a strike at its giant assembly complex in Puebla, Mexico, with a pay hike and richer benefits, Reuters reports.

Regulatory

Daimler Refutes Diesel Recall Report

August 20, 2018 at 4:23 PM

Daimler AG refutes a Der Spiegel report that the company faces a recall of 700,000 diesels, asserting that the vehicles are already part of a repair campaign announced in June.

New Product

No Sports Car in Bentley Future

August 20, 2018 at 3:28 PM

Volkswagen AG’s Bentley unit has no plans to add a sports car as part of its efforts to grow global sales.

Regulatory

VW Plans Global Recall for Ceiling Light Fire Hazard

August 20, 2018 at 1:52 PM

Volkswagen AG is preparing a global callback of nearly 700,000 of Tiguan crossover vehicles and Touran minivans to fix a ceiling-mounted lighting strip that could cause a fire.

Production

Nissan to Expand Capacity 40% in China

August 20, 2018 at 1:15 PM

Nissan Motor Co. is readying a $900 million plan to hike production capacity in China 40% by 2021, sources tell Reuters.

EV-Hybrid

Dyson Extends Digital Motor Tech Name to EVs

August 20, 2018 at 12:27 PM

Household electronics specialist Dyson Ltd. has filed for a trademark in Europe that would extend the company’s “digital motor” terminology to include its planned electric vehicle lineup.

People

Musk Rules Out Shorter Work Hours

August 20, 2018 at 11:44 AM

Tesla Inc. Elon Musk has rejected a suggestion from media mogul Arianna Huffington that he take a break from his professed 120-hour workweeks for the sake of his health.

Powertrain

Audi Drops Manual Transmissions in U.S.

August 20, 2018 at 11:41 AM

Audi AG is discontinuing manual transmission options for its A4 sedan and A5 coupe in the U.S., where they are the only two models that offer a stick shift.

Business

JCI to Decide Fate of Its Battery Business by November

August 20, 2018 at 11:39 AM

Johnson Controls International plc says it is giving itself three more months to decide what to do with its battery business.

Finance

Report: Saudi Fund in Talks with Lucid Motors

August 20, 2018 at 10:44 AM

Saudi Arabia’s Public Investment Fund, which bought a nearly 5% stake in Tesla Inc. earlier this month, is mulling a $1 billion investment to gain majority ownership of rival electric vehicle maker Lucid Motors Inc.