Sales

U.S. Used-Car Prices on the Rise

May 21, 2019 at 2:49 PM

Used-car prices in the U.S. rose 2% in January-April compared with the same period last year, according to J.D. Power Valuation Services.

New Product

Renault Recaptures Nurburgring FWD Speed Record

May 21, 2019 at 2:32 PM

Renault SA set a track record for front-wheel-drive vehicles at Germany’s Nurburgring Nordschleife course with its Megane RS Trophy-R performance coupe.

Mobility

Study: V2V Autonomous Cars Smooth Traffic Flow

May 21, 2019 at 1:38 PM

A fleet of driverless cars working together can improve overall traffic flow by 35% under certain conditions, according to researchers at the University of Cambridge in the U.K.

Business

Daimler, Geely Launch Mobility Services Venture in China

May 21, 2019 at 1:26 PM

Daimler AG and Zhejiang Geely Holding Group have formed a new company to sell mobility services in China.

Finance

Tesla Stock Continue to Slide on Investor Worries

May 21, 2019 at 12:39 PM

Shares in Tesla Inc. have plunged 45% since mid-December, mainly because of investor concerns about the level of demand for its critically important Model 3 electric sedan.

Tech

Chevy Adds Seatbelt Usage Tech for Teen Drivers

May 21, 2019 at 11:43 AM

General Motors Co. Chevrolet unit is adding a “Buckle to Drive” feature to its Teen Driver safety system, preventing vehicles from shifting out of park for 20 seconds unless the driver’s seatbelt is fastened.

Business

Brose Plans $335 Million Expansion in China

May 21, 2019 at 11:39 AM

Brose Group says it will spend €300 million in China on products and equipment over the next three years.

Tech

Bosch Aims to Bring Auto Sensors to Flying Cars

May 21, 2019 at 11:01 AM

Robert Bosch GmbH is adapting sensors used in passenger cars for future applications in air taxis.

Mobility

Detroit-Based University to Offer Master’s Degree in Mobility

May 21, 2019 at 10:41 AM

Detroit’s Wayne State University and the Michigan Mobility Institute plan to launch a master’s degree program in mobility by 2021.

Sales

Hyundai Targets Sales of 5,000 Fuel Cell Cars This Year

May 21, 2019 at 9:51 AM

Hyundai Motor Co. says it already has surpassed 2018’s full-year sales for its Nexo fuel cell vehicle, and the company predicts a fivefold increase by year-end.

Mobility

U.S. Postal Service Tests Autonomous Big Rig Trucks

May 21, 2019 at 9:04 AM

The U.S. Postal Service is launching a two-week pilot program today to test self-driving trucks that will travel between its distribution centers in Arizona and Texas. 

People

F1 Racing Legend Niki Lauda Dies at Age 70

May 21, 2019 at 2:22 AM

Niki Lauda, who won Formula One racing championships in 1975, 1977 and 1984, died in his sleep on Monday at age 70.