Business

Bentley Celebrates 100th Anniversary with Pricey Tome

May 17, 2019 at 2:17 PM

Volkswagen AG’s Bentley unit is celebrating its 100th anniversary with a massive book that chronicle’s the ultra-luxury marque’s history and offers a peek of the future.

 

Hyundai Tests Vehicle Subscriptions, Ride-Sharing

May 17, 2019 at 9:49 AM

Hyundai Motor Co. is evaluating subscription plans and other alternatives to traditional vehicle ownership models in the U.S.

Tesla Launches New Round of Cost Cuts

May 17, 2019 at 1:47 AM

Tesla Inc. CEO Elon Musk told employees yesterday that the company will conduct a new review of its expenses in a bid to further cut costs.

J.D. Power Partners with U.K. Consumer Review Specialist

May 16, 2019 at 9:34 AM

Market research giant J.D. Power is teaming with London-based Reevoo Ltd. to launch an automotive customer review portal for cars, brands, dealerships and services.

Nissan Board Confirms Saikawa Will Continue as CEO

May 16, 2019 at 9:29 AM

Nissan Motor Co.’s board has approved a roster of directors that will retain embattled CEO Hiroto Saikawa, The Nikkei reports.

Report: Nissan Ponders a Stake in Chinese EV Startup

May 14, 2019 at 1:47 PM

Nissan Motor Co. is mulling a plan to make a major investment in a Chinese electric car startup, sources tell Bloomberg News.

Rimac Lands $90 Million from Hyundai/Kia

May 14, 2019 at 10:21 AM

Hyundai Motor Co. and its Kia Motors Corp. affiliate are investing a combined €80 million ($90 million) in Croatian electric vehicle specialist Rimac Automobili.

Report: Ford May Cut 550 Jobs in U.K.

May 13, 2019 at 1:35 PM

Ford Motor Co. may eliminate as many as 550 jobs in the U.K. as part of a broader restructuring plan for the carmaker’s European operations, according to Bloomberg News.

ZF Buys Imaging Specialist

May 13, 2019 at 12:14 PM

ZF Friedrichshafen AG is acquiring 90% of Simi Reality Motion Systems GmbH, a German developer of imaging software that ZF plans to integrate with its occupant restraint systems. 

China’s BAIC Aims to Buy Stake in Daimler

May 13, 2019 at 12:06 AM

Chinese carmaker BAIC Group intends to acquire 4%-5% of Daimler AG as a way to defend its investment in the company’s Beijing Benz Automotive venture with the German carmaker, sources tell Reuters.

Calsonic, Magneti Marelli Merger Yields New Name

May 10, 2019 at 1:25 PM

Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.

Possible Buyer for GM Plant Faces Stiff Hurdles

May 09, 2019 at 2:46 PM

Workhorse Group, the tiny electric-vehicle maker in talks to buy General Motors Co.’s assembly plant in Lordstown, Ohio, may not be financially viable, the Financial Times reports.