Sales

Porsche Tests Customer Insurance Coverage in U.S.

June 20, 2019 at 4:16 PM

Porsche AG is offering its own insurance for customers in Illinois and Oregon through a plan that touts a low base price and rates based on actual miles driven.

Economics

Bank of England Expects No Growth for U.K. in 2Q

June 20, 2019 at 3:32 PM

The Bank of England has trimmed its growth forecast for Britain’s economy in the current quarter to zero from 0.2%.

New Product

New Kia Crossover Breaks Cover

June 20, 2019 at 3:22 PM

Kia Motors Corp. took the wraps off the all-new Seltos compact crossover today in Delhi, India.

Business

Renault Backs Nissan’s Management Reforms

June 20, 2019 at 3:13 PM

Renault SA says it supports a Nissan Motor Co. offer to give it greater presence in the Japanese carmaker’s proposed new management oversight committees.

Tech

Baidu Touts Camera-Only System for Autonomous Cars

June 20, 2019 at 1:40 PM

China’s Baidu Inc. says its new Apollo Lite platform can enable Level 4 autonomous driving with 10 cameras and no radar or lidar.

Tech

Survey: Drivers Misled by Names Given to Auto-Driving Features

June 20, 2019 at 9:57 AM

Many U.S. drivers incorrectly believe that semi-self-driving systems allow them to take their hands off the steering wheel, according to a new poll.

New Product

Pininfarina Moves Forward with Electric Hypercar

June 20, 2019 at 9:02 AM

Automobili Pininfarina, which was founded last year by Mahindra & Mahindra’s Pininfarina unit, has unveiled an updated version of the company’s upcoming Battista hypercar.

Business

Renault Refuses to Cut 43% Stake in Nissan

June 20, 2019 at 8:59 AM

Renault CEO Thierry Bollore says the company has no intention of reducing its 43% holding in alliance partner Nissan Motor Co.

Tech

Lexus Standardizes Safety Tech Across 2020 Lineup

June 20, 2019 at 8:02 AM

Toyota Motor Corp.’s Lexus unit is standardizing its "Safety System+" suite of technologies across all 2020 cars and SUV/crossovers sold in the U.S.

Mobility

Waymo Teams with Renault-Nissan in France and Japan

June 20, 2019 at 7:32 AM

Alphabet Inc.’s Waymo unit has signed deals with alliance partners Renault SA and Nissan Motor Co. to explore driverless mobility services in France and Japan.

Economics

Fed Leaves Interest Rates Unchanged, For Now

June 20, 2019 at 12:09 AM

The Federal Reserve voted late Wednesday to leave its benchmark lending rate unchanged at 2.25%-2.5%. But the central bank also signaled strongly that it will lower the rate later this year if the economic outlook dims.

Economics

U.S. Trade Chief Predicts Quick Solution on NAFTA Update

June 20, 2019 at 12:00 AM

U.S. Trade Representative Robert Lighthizer says he can easily resolve concerns Democrats have over the proposed successor to the North American Free Trade Agreement.