Sales

Vehicle Sales Grow 10% in Russia

December 07, 2018 at 2:21 AM

Demand for passenger cars and light commercial vehicles in Russia rose 10% to 167,500 units, the Moscow-based Assn. of European Businesses reports.

Facilities

Michigan Lawmakers Blast Barra on GM Plant Closures

December 07, 2018 at 2:02 AM

Congressional Democrats from Michigan ranted to CEO Mary Barra on Thursday about General Motors Co.’s plan to close its giant assembly plant in Detroit next year.

Economics

U.S. Fuel Prices Fall To Record Low for the Year

December 07, 2018 at 1:06 AM

The average price of regular-grade gasoline in the U.S. fell to $2.44 per gallon this week, its lowest this year, AAA reports.

Mobility

Hyperloop Company Forms JV with German Logistics Firm

December 06, 2018 at 4:30 PM

Los Angeles-based Hyperloop Transportation Technologies Inc. has formed a joint venture with a German logistics firm to develop high-speed hyperloop technology to transport shipping containers.

Production

FCA to Turn Detroit Engine Plant into Jeep Factory

December 06, 2018 at 4:19 PM

Fiat Chrysler Automobile NV plans to reopen an idled engine plant in Detroit to make a new three-row Jeep Cherokee SUVs, according to multiple reports.

Finance

Lyft Takes First Step in IPO Filing

December 06, 2018 at 3:33 PM

Ride-hailing service Lyft Inc. says it has confidentially filed a draft registration statement with the SEC regarding an initial public offering.

Tech

Honda Touts Fluoride-Ion Battery

December 06, 2018 at 3:32 PM

Honda Motor Co. is developing a fluoride-based battery chemistry that promises 10 times the energy density of current lithium-ion units.

People

FCA Appoints Outsiders as COO, PR Chief for N. America

December 06, 2018 at 2:09 PM

Fiat Chrysler Automobiles NV has named former executives from Amazon and Shell Oil to be chief operating officer and head of communications for its North American business.

EV-Hybrid

Opel to Launch Three EVs by 2020

December 06, 2018 at 1:21 PM

PSA Group’s Opel unit says it will introduce all-electric variants of three models by 2020, starting next year with the Corsa subcompact hatchback.

New Product

Rivian Plans Electric Rally Car

December 06, 2018 at 12:43 PM

Electric vehicle startup Rivian Automotive LLC is developing an off-road performance car that will be launched sometime after its R1T pickup truck and R1S SUV debut about three years from now.

Tech

Fiat Panda Flunks European Safety Test

December 06, 2018 at 11:39 AM

The 2018 Fiat Panda minicar received a zero-star rating from the European New Car Assessment Program’s latest assessment—joining the 2017 Fiat Punto as the only vehicles to score so poorly.

Economics

Success for NAFTA Update Hinges on Compromise

December 06, 2018 at 10:51 AM

Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.