Business

Hyundai Invests in Drone Startup

November 15, 2018 at 9:03 AM

Hyundai Motor Co. is making an unspecified investment in Top Flight Technologies Inc., a Boston-based startup that is developing technologies for aerial drones.

Hedge Fund Wants Hyundai to Return $10.6 Billion to Shareholders

November 13, 2018 at 2:52 PM

Activist U.S. hedge fund Elliott Management Corp. is urging Hyundai Motor Co. and its affiliates to return $10.6 billion of capital to shareholders.

Car Market in India Hit by High Court Rulings

November 12, 2018 at 2:01 AM

India’s new-car market is being hurt by Supreme Court rulings that have tightened regulations on vehicle emissions and owner’s insurance, The Nikkei reports.

VW May Invest in Ford EV Unit

November 09, 2018 at 3:06 PM

Ford Motor Co. and Volkswagen AG are close to agreement on a plan to collaborate on electric and autonomous vehicles, sources tell Bloomberg News.

Brazil Approves New Incentives for Local Carmakers

November 09, 2018 at 2:04 AM

Brazil has approved a new package of tax breaks and other incentives for domestic carmakers to promote safer and more efficient vehicles in the country.

EC Approves Merger of BMW and Daimler Mobility Services

November 08, 2018 at 1:07 AM

The European Commission has approved a plan by BMW and Daimler to combine their car-sharing, ride-hailing, parking, electric car charging and integrated mobility booking services.

Hyundai Hikes Investment in Grab, Plans EV Fleet

November 07, 2018 at 12:15 AM

Hyundai Motor Co. is investing an additional $250 million into ride-share service Grab Taxi Holdings Pte Ltd. and will launch an electric-car test with the company in Singapore next year.

Renault-Nissan-Mitsubishi Invests in Canadian Mobile App Company

November 05, 2018 at 1:51 PM

The Renault-Nissan-Mitsubishi alliance has made an unspecified investment in Transit App Inc., a Canadian startup that helps people navigate city transport options.

VW Strategy Would Curb Audi’s Role as Development Hub

November 05, 2018 at 1:51 AM

Volkswagen AG will consider a 10-year business strategy that call for more collaboration with rival carmakers and less reliance on the group’s Audi brand for product development leadership.

Conti Buys Cooper Standard Vibration Business

November 02, 2018 at 1:09 PM

Continental AG has agreed to acquire Cooper Standard Automotive Inc.'s anti-vibration systems business for $265 million.

Linamar to Produce and Sell Protean's Electric Drives

November 02, 2018 at 10:39 AM

Canada’s Linamar Corp. has inked a deal with Protean Electric Inc. to produce and sell the Troy, Mich.-based company’s in-wheel electric drive motors.

Panasonic Expects Profit Soon For Tesla Battery Plant

November 02, 2018 at 2:33 AM

Panasonic Corp. expects it will soon earn a profit on its investment in Tesla Inc.’s Gigafactory battery plant in Nevada.