Facilities

ZF to Upgrade Transmission Plant for Hybrid Drives

December 07, 2018 at 12:52 PM

ZF Friedrichshafen AG plans to invest €800 million ($910 million) over the next four years to boost hybrid drive production at its transmission plant in Saarbrucken, Germany.

New Product

Nissan Readies 50th Anniversary GT-R Hypercar

December 07, 2018 at 12:16 PM

Nissan Motor Co. has released images of the €990,000 ($1.1 million) GT-R50 hypercar that the company developed in celebration of the 50th anniversary of its GT-R muscle car.

Business

Tower to Sell European Operations to French Supplier

December 07, 2018 at 11:31 AM

Livonia, Mich.-based metal stamping specialist Tower International Inc. has agreed to sell its European operations to Financiere SNOP Dunois S.A.(FSD), a privately owned French supplier.

People

Tesla Hires New General Counsel

December 07, 2018 at 10:09 AM

Tesla Inc. has named Dane Butswinkas, a seasoned trial lawyer with experience in both criminal and civil cases, to succeed Todd Maron as the company’s general counsel.

Mobility

BMW, Daimler Mobility Merger Delayed

December 07, 2018 at 9:04 AM

The planned merger of BMW and Daimler’s mobility businesses has been delayed as the companies await review by U.S. antitrust authorities.

People

Report: Ghosn to Be Indicted Next Week

December 07, 2018 at 2:48 AM

Former Nissan Motor Co. Chairman Carlos Ghosn will be indicted for grossly underreporting his compensation as soon as Monday, sources tell Reuters.

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.

Tech

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.

Facilities

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.