Business

TomTom Sells Telematics Unit to Bridgestone

January 22, 2019 at 9:28 AM

Location services provider TomTom International BV has agreed to sell its telematic fleet management operations to tiremaker Bridgestone Corp.’s European unit for €910 million ($1 billion).

Economics

IMF Lowers Global Growth Forecast Again

January 22, 2019 at 1:22 AM

The International Monetary Fund predicts the global economy will expand by 3.5% this year, down from last year’s 3.7% and the 3.7% the predicted in October.

EV-Hybrid

Lishen to Supply EV Batteries for Tesla’s Plant in China

January 22, 2019 at 12:19 AM

China’s Tianjin Lishen Battery Co. has signed a preliminary deal to supply batteries for electric cars made in the $2 billion factory Tesla inc. is building in Shanghai, Reuters reports.

Legal

Japanese Court Rejects Ghosn’s Latest Plea for Bail

January 22, 2019 at 12:00 AM

A court in Tokyo has again rejected Carlos Ghosn’s bail request, making it less likely that the former Nissan Motor Co.

Business

Report: GM to Kill Chevy Sonic

January 21, 2019 at 4:53 PM

General Motors Co. likely will discontinue the slow-selling Chevrolet Sonic small car in the U.S. this year, according to The Wall Street Journal.

Regulatory

Tesla to Replace Takata Airbag Inflators in China

January 21, 2019 at 4:45 PM

Tesla Inc. is recalling 14,100 of its Model S electric sedans in China to replace passenger-side frontal airbags whose Takata Corp. inflators could explode, says the country’s Administration of Market Regulation.

People

IAC Beefs Up Leadership Team

January 21, 2019 at 3:38 PM

Interiors specialist International Automotive Components Group has hired four executives as part of a realignment that includes the creation of two new positions: chief technical officer and chief supply chain officer.

Facilities

PSA Opens Powertrain R&D Center

January 21, 2019 at 2:18 PM

PSA Group is opening a powertrain center of excellence in Carrieres-sous-Poissy, France.

Regulatory

Germany Mulls Options to Reduce Emissions

January 21, 2019 at 12:37 PM

Germany is considering several initiatives to meet European emissions requirements, Reuters reports.

Production

Maruti Suzuki to Hike Capacity 25% in India

January 21, 2019 at 12:07 PM

Maruti Suzuki India Ltd. says it aims to boost its annual carmaking capacity to 2.2 million units in by 2020 from 1.75 million currently.

Powertrain

Next-Gen Dodge Muscle Cars to Get Electric Boost

January 21, 2019 at 11:53 AM

Fiat Chrysler Automobiles NV plans to offer some sort of hybrid-electric system in its next-generation Dodge Challenger muscle car.

Economics

China’s Economic Growth Slows to 28-Year Low

January 21, 2019 at 11:52 AM

China’s economy expanded by 6.6% last year, its slowest pace since 1990, according to the National Bureau of Statistics.