Regulatory

Still No EU Accord on CO2 Limits for Cars

December 12, 2018 at 1:06 AM

European Union member countries and the European Parliament continue to debate about future limits for carbon dioxide emissions from cars, Reuters reports.

Americas

Argentina Convicts Two Ex-Ford Officials in Torture Case

December 11, 2018 at 5:48 PM

A court in Buenos Aires found two former executives of Ford Motor Co.’s factory guilty of aiding in the torture and kidnapping of 24 plant employees four decades ago.

New Product

Prototype Tesla Pickup May Get 2019 Reveal

December 11, 2018 at 3:32 PM

Tesla Inc. CEO Elon Musk says a prototype of the pickup truck the company is developing may be unveiled next year.

Facilities

BMW to Upgrade Munich Plant for i4 EV

December 11, 2018 at 3:03 PM

BMW AG plans to invest €200 million ($226 million) to ready its main Munich assembly plant for the all-new i4 electric sedan, which will launch in 2021.

Powertrain

Ford Ranger Pickup Boasts Best-in-Class Fuel Economy

December 11, 2018 at 2:16 PM

Ford Motor Co.’s says the base version of it all-new Ranger midsize pickup truck will have a U.S. fuel economy rating of 23 mpg when it debuts next year.

Sales

Car Sales in China Skid 18%

December 11, 2018 at 2:12 PM

Retail demand for new passenger vehicles in China dropped for the sixth consecutive month in November, plunging 18% to 2.05 million units, according to the China Passenger Car Assn.

Finance

Hyundai to Invest $6.7 Billion on Fuel Cell Vehicles

December 11, 2018 at 1:39 PM

Hyundai Motor Co. and its suppliers plan to invest a combined 7.6 trillion won ($6.7 billion) by 2030 to develop next-generation fuel cell vehicles and related technologies.

New Product

Pininfarina EV Christened the Battista

December 11, 2018 at 12:56 PM

Automobili Pininfarina has named its upcoming electric hypercar the Battista after the founder of the legendary Italian design house.

EV-Hybrid

Daimler Expects to Buy €20 Billion Worth of Battery Cells

December 11, 2018 at 12:44 PM

Daimler AG says it intends to buy more than €20 billion ($22.6 billion) worth of battery cells between now and 2030 to power its future electrified vehicles.

People

Hyundai’s R&D Chiefs Offer to Resign

December 11, 2018 at 12:20 PM

The two vice chairmen who oversee research and development at Hyundai Motor Group have offered to resign, sources tell Reuters.

Finance

Nissan to Revise Earnings Reports to Show Ghosn’s True Pay

December 11, 2018 at 11:44 AM

Nissan Motor Co. says it will file corrected earnings to reflect 5 billion yen ($44 million) in previously unreported compensation for former Chairman Carlos Ghosn.

Economics

China Considers Lowering Tariffs on U.S. Cars

December 11, 2018 at 10:35 AM

China’s central government is considering a proposal to lower its 40% tariff on vehicles from the U.S. to 15%, sources tell Bloomberg News.