Regulatory

Korea Will License Ride-Share Services, Drivers

July 19, 2019 at 5:28 PM

The South Korean government plans to require that ride-share services obtain taxi licenses, and their drivers hold a taxi driver license.

Tech

Citroen Mulls Production Possibilities for Massive Concept Tires

July 19, 2019 at 5:13 PM

PSA Group's Citroen unit may adopt oversized tires like those that adorned this year's 19_19 concept electric car on future production vehicles.

Powertrain

Report: BMW to Supply Engines to JLR

July 19, 2019 at 4:33 PM

BMW AG is finalizing a deal to supply conventional piston engines to Jaguar Land Rover Ltd., sources tell Autocar.

People

Ride-Hailing Drivers Protest in San Francisco

July 19, 2019 at 3:38 PM

San Francisco-based drivers for ride-hailing rivals Uber Technologies Inc. and Lyft Inc. are conducting a work stoppage today to protest pay rates and other contract terms. 

Business

Turo Lands $250 Million in New Funding

July 19, 2019 at 2:43 PM

InterActiveCorp is investing $250 million in Turo Inc., a San Francisco-based peer-to-peer car-sharing company.

Business

Cummins Offers to Buy VW’s Big-Diesel Unit

July 19, 2019 at 1:33 PM

U.S. diesel maker Cummins Inc. has offered to buy a unit of Volkswagen AG that makes huge diesels for ships and electrical generating stations, sources tell Reuters.

Business

Chery Teams Up with Quanergy on Lidar, Smart City Tech

July 19, 2019 at 1:15 PM

China’s Chery Automobile Co. has selected Sunnyvale, Calif.-based Quanergy Systems Inc. to be its lidar partner for future autonomous vehicles.

Finance

Gentex Hikes Outlook as Sales Rise

July 19, 2019 at 1:05 PM

Gentex Corp. reports that its second-quarter revenue rose 3% to $469 million—even though vehicle auto output fell 8% worldwide—because of a richer product mix.

Finance

Aston Martin’s Top Investor May Raise Stake

July 19, 2019 at 10:52 AM

Italy’s Investindustrial, which owns 31% of Aston Martin Lagonda Ltd., has offered to raise its stake by another three points.

Finance

Autoliv Cuts Outlook as Profits Plummet

July 19, 2019 at 10:22 AM

Swedish safety systems supplier Autoliv Inc. has slashed its outlook for 2019 after the company’s second-quarter net income plunged 43%.

EV-Hybrid

Toyota, BYD to Co-Develop EVs for China

July 19, 2019 at 9:42 AM

Toyota Motor Corp. and BYD Co. have agreed to co-develop all-electric cars and SUVs that will be marketed under Toyota’s name in China.

Mobility

BMW, Tencent Partner on Self-Driving Cars for China

July 19, 2019 at 1:52 AM

BMW AG and Tencent Holdings Ltd. are collaborating on autonomous-vehicle technology for the Chinese market.