EV-Hybrid

China Drops List of Preferred EV Battery Suppliers

June 24, 2019 at 12:46 PM

China has abolished its list of recommended suppliers of batteries for electric cars, a move that could open up the market to foreign producers.

New Product

Audi Reconsiders Plan to Kill TT Coupe

June 24, 2019 at 12:12 PM

Audi AG is rethinking its decision in May to phase out its iconic TT sports car, even if a successor isn't profitable.

Business

Key Meetings May Revive Renault, FCA Merger Talks

June 24, 2019 at 11:46 AM

Whether Renault and Fiat Chrysler Automobiles revive merger talks could hinge on the outcome of two meetings this week over Nissan’s view of the deal, The Wall Street Journal says.

Tech

FCA Launches Telematics Services Platform

June 24, 2019 at 10:28 AM

Fiat Chrysler Automobiles NV is updating its Uconnect infotainment and telematics system so users can access third-party service providers.

Finance

Report: Velodyne Lidar Poised for IPO

June 24, 2019 at 9:43 AM

San Jose, Calif.-based Velodyne Lidar Inc. has hired bankers to evaluate a possible public stock offering as the company prepares to ramp up for mass production, Business Insider reports.

Regulatory

Porsche Recalls 99,700 Vehicles for Rollaway Flaw

June 24, 2019 at 9:38 AM

Porsche AG is recalling 99,700 sedans and SUVs in the U.S. that could roll away after drivers shift the transmission into Park.

Mobility

PSA Tests Short-Term Subscription Service

June 24, 2019 at 9:01 AM

PSA Group's Free2move mobility unit has begun pilot tests of a vehicle subscription service in France.

People

France Launches New Probe into Ghosn’s Finances

June 24, 2019 at 2:19 AM

France has begun a tax investigation into the personal finances of Carlos Ghosn, former chairman of Renault, Nissan and Mitsubishi Motors, sources tell Liberation.

Business

Mitsubishi Motors to Sell Stake in Chinese Engine Venture

June 24, 2019 at 1:44 AM

Mitsubishi Motors Corp. intends to sell its 15% stake in China-based Harbin Dongan Auto Engine Co. by March, according to The Nikkei.

Finance

Daimler Issues Third Profit Warning as Diesel Woes Grow

June 24, 2019 at 12:57 AM

Daimler AG says its operating earnings this year won’t grow after all because of ballooning regulatory costs related to diesel emissions.

People

Nissan CEO Faces Board Grilling on Home Purchase

June 24, 2019 at 12:26 AM

Nissan Motor Co. CEO Hiroto Saikawa faces questioning today about whether he violated corporate policy to buy a home in Tokyo, sources tell Bloomberg News.

Mobility

Beijing Opens Bicycle Highway

June 21, 2019 at 5:27 PM

China has opened its first bicycle highway, a 4-mile road that connects Beijing’s Huilongguan residential area to its Shangdi industrial zone.