Legal

Another Delay in Musk-SEC Contempt Settlement

April 26, 2019 at 12:06 AM

Tesla Inc. CEO Elon Musk and the U.S. Securities and Exchange Commission have secured a second extension of their talks to avoid a contempt of court ruling over Musk’s impulsive use of Twitter.

Americas

Toyota’s Lexus Brand to Enter Mexican Market

April 26, 2019 at 12:00 AM

Toyota Motor Corp. says its Lexus luxury brand will enter the Mexican market at the end of 2021.

Facilities

Miami Apartments to Get Landing Pads for Flying Cars

April 25, 2019 at 5:47 PM

A residential skyscraper under construction in Miami will feature a “sky deck” for future flying cars.

Finance

Ford Net Drops 35%, But Operating Profit Rises 12%

April 25, 2019 at 5:40 PM

Ford Motor Co. says the costs of restructuring in Europe and exiting the heavy truck market in South America caused net earnings in the first quarter to skid to $1.1 billion from $1.7 billion last year.

Mobility

French Mobility Platform Developer Targets Growth

April 25, 2019 at 5:11 PM

Paris-based Vulog SA forecasts that its mobility service platform will be used to coordinate 25 million rides worldwide this year, up from 15 million in 2018.

New Product

GM Adding Second Shift for Next-Gen Corvette Production

April 25, 2019 at 3:41 PM

General Motors Co. says it will add a second production shift and hire more than 400 workers at its Corvette assembly plant in Bowling Green, Ky.

Finance

Visteon’s Net Income Plunges 78%

April 25, 2019 at 3:37 PM

Electronics supplier Visteon Corp. says its net income in the first quarter plummeted 78% to $14 million as revenue dropped 10% to $737 million.

Economics

Study: Fuel Price is Main Driver of India Car Sales

April 25, 2019 at 3:10 PM

Fuel prices are the biggest factor in determining sales of new cars and commercial trucks in India, according to the country’s central bank.

Mobility

Enterprise Rental to Debut Vehicle Subscription Plan

April 25, 2019 at 1:55 PM

Enterprise Holdings Inc. plans to launch a subscription-based pilot program next month in the U.S.

Tech

IIHS Calls for Improved Rear-Seat Protection

April 25, 2019 at 1:08 PM

Carmakers need to improve the safety restraints they install for rear seat passengers, says the Insurance Institute for Highway Safety.

EV-Hybrid

VW and China Partner Building $751 Million EV Factory

April 25, 2019 at 11:58 AM

The electric car factory in Hefei, China, being launched by Volkswagen AG and joint venture partner Anhui Jianghuai Automobile Co. will have capacity to make 100,000 EVs per year.

Powertrain

Aston Martin Commits to Future V-12 Models

April 25, 2019 at 11:31 AM

Aston Martin Holdings Ltd. plans to continue offering V-12-powered vehicles for the foreseeable future, chief creative officer Marek Reichman tells Top Gear.