Finance

Daimler Invests $100 Million in Calif. Battery Developer

April 16, 2019 at 9:59 AM

Daimler AG reportedly has spent $100 million to acquire a 10% stake in a California-based developer of next-generation battery technologies.

New Product

Lexus Unveils Luxury MPV

April 16, 2019 at 9:42 AM

Toyota Motor Corp.’s Lexus unit took the wraps off the LM 350 MPV this week at the Shanghai auto show.

Business

BMW Denies Plan to Develop Small Car with Daimler

April 16, 2019 at 3:08 AM

BMW AG says it does not intend to partner with Daimler AG to collaborate on a small car that would be sold by each company under its own brand.

New Product

GM Unveils a GEM for Emerging Markets

April 16, 2019 at 2:17 AM

This week General Motors Co. is presenting the first models developed under its new Global Emerging Market strategy.

Business

China EV Startup Vows to Stop Poaching from Rivals

April 16, 2019 at 1:31 AM

China’s Xpeng Motors says it will stop hiring staff from competitors after two prospects were accused of stealing secrets from their former U.S. employers.

New Product

UPDATE: Lotus Plans All-Electric Hypercar

April 16, 2019 at 12:55 AM

Group Lotus plc is developing an electric hypercar, dubbed the Type 130, that will be produced in very low numbers and offered at roughly $1 million each.

Labor

Labor Contracts Force Local Output for Hyundai-Kia

April 15, 2019 at 4:52 PM

Hyundai Motor Co. and its Kia Motors affiliate are required by their labor contracts to maintain high local production in South Korea regardless of market or trade pressures to add capacity elsewhere.

EV-Hybrid

Musk Blames Panasonic for Battery Production Snag

April 15, 2019 at 4:26 PM

CEO Elon Musk says Tesla Inc.’s output of Model 3 electric sedans is constrained by battery cell production inefficiencies on the part of partner Panasonic Corp., not a lack of actual installed capacity.

Tech

Volvo to Standardize V2V Tech in Europe

April 15, 2019 at 3:57 PM

Volvo Car Corp. is standardizing its connected-car technology on all 2020-model vehicles in Europe.

Mobility

Audi Unveils Autonomous, Connected Concept Car

April 15, 2019 at 3:22 PM

Volkswagen AG’s Audi unit says its AI:ME concept electric city car previews technologies and design features for next-generation autonomous and connected vehicles.

Legal

Germany Charges Former VW CEO Winterkorn with Fraud

April 15, 2019 at 2:38 PM

Ex-Volkswagen Group CEO Martin Winterkorn and four unidentified senior executives have been accused in Germany with hiding the company’s diesel emission cheating.

Tech

Study: 60% of Motorists Use Phone While Driving

April 15, 2019 at 2:07 PM

Three in five U.S. drivers—some 69 million people—use their smartphone at least once a day while operating their vehicles, according to Zendrive Inc.