Business

Toyota Finalizes EV Battery Partnership with CATL

July 17, 2019 at 9:12 AM

Toyota Motor Corp. says it has launched a partnership with China’s Contemporary Amperex Technology Ltd., in which CATL will supply batteries for Toyota electrified vehicles.

NEVS, AutoX Partner on Autonomous EVs

July 16, 2019 at 9:51 AM

National Electric Vehicle Sweden AB says it will use autonomous vehicle technology from AutoX for a fleet of electric robo-taxis to be tested in Europe.

Tesla Prices Drop for Model 3, Rise for Other Models

July 16, 2019 at 12:57 AM

Tesla Inc. says it is standardizing its model lineup worldwide by reducing the number of range options for its electric vehicles.

Nippon Steel Plans $1.9 Billion Asset Sale

July 15, 2019 at 4:37 PM

Nippon Steel Corp. intends to sell of 200 billion yen ($1.9 billion) in assets over the next two years to help it buy a 50% stake in Indian steelmaker Essar Steel India Ltd.

Valeo Touts Lidar Contract Wins

July 15, 2019 at 1:41 PM

Valeo SA says it has received contracts from four unnamed carmakers totaling a combined €500 million ($564 million) for autonomous vehicle lidar sensors.

VW Invests $2.6 Billion in Ford’s Argo AI Unit

July 12, 2019 at 12:29 PM

Volkswagen AG has taken a roughly 37% stake in Ford Motor Co.’s Argo AI unit by agreeing to invest $1 billion in cash and merging its $1.6 billion Autonomous Intelligent Driving company with the Pittsburgh-based startup.

Rival Metal-Forming Company to Buy Tower International

July 12, 2019 at 10:58 AM

Autokiniton Global Group, which was created 13 months ago by KPS Capital Partners, has agreed to buy Tower International Inc. for about $900 million.

Toyota, Denso to Form Chip Design Venture

July 10, 2019 at 1:33 PM

Toyota Motor Corp. and affiliate Denso are creating a joint venture to develop next-generation processors for sensors and power controllers used in connected and self-driving vehicle systems.

VW Plans JVs, Funding to Expand EV Supply Base

July 08, 2019 at 10:29 AM

Volkswagen AG tells Reuters it intends to launch supplier joint ventures and help fund batterymaking capacity to support its aggressive electric-car sales plans.

ZF Wins Big Transmission Order from FCA

July 08, 2019 at 9:06 AM

ZF Friedrichshafen AG says it will supply 8-speed automatic transmissions to Fiat-Chrysler Automobiles NV for use in conventional and hybrid-electric vehicles.   

Eastern Europe Braces for Auto Industry Contraction

July 08, 2019 at 12:00 AM

Eastern Europe’s auto industry faces cutbacks as production falters amid trade tensions, cost competition and the shift to electric powertrains.

Two More Tesla Executives Quit

July 03, 2019 at 2:15 AM

Two more senior executives at Tesla Inc., who headed engineering and directed European operations, reportedly have left the company.