Business

Report: Dongfeng to Cut Stake in PSA

By: Steve Plumb - December 06, 2019 at 10:07 AM

Dongfeng Motor Group will reduce its stake in PSA Group to help the French carmaker clear U.S. regulatory hurdles ahead of a planned merger with Fiat Chrysler Automobiles.

Uber Reports 3,000 Assaults, 67 Fatalities

By: Bill Hampton - December 06, 2019 at 1:27 AM

Uber Technologies Inc. reports 58 fatal crashes, nine murders and more than 3,000 sexual assaults involving its ride-hailing service in the U.S. last year.

Bob Carter on 2019 Sales

By: Gary S. Vasilash - December 05, 2019 at 5:45 PM

A solid year, Carter says

Nissan to Close U.S. Offices for 2 Days

By: Bill Hampton - December 05, 2019 at 3:46 PM

Nissan Motor Co. is closing down its U.S. offices for two days on Jan. 2-3 to cut costs as its sales and profits drop.

Apex.AI Secures Funding from JLR, Hella and Volvo Trucks

By: Steve Plumb - December 05, 2019 at 2:27 PM

Silicon Valley-based autonomous tech startup Apex.AI has landed unspecified investments from Jaguar Land Rover, Hella and Volvo Trucks.

Buick to Drop Regal Sedan in U.S.

By: Steve Plumb - December 05, 2019 at 11:20 AM

Buick will drop the Regal, the only conventional sedan in its U.S. lineup, at the end of the 2020 model year to focus exclusively on SUV/crossovers.

GM, LG Chem Form Battery JV in Ohio

By: Steve Plumb - December 05, 2019 at 10:01 AM

General Motors Co. and LG Chem Ltd. are forming a 50:50 joint venture to produce battery cells for electrified vehicles in Ohio.

U.S. Drivers Log More Miles but Fall Short of Peak

By: Steve Plumb - December 04, 2019 at 5:18 PM

The average American regardless of age covered 8,855 miles by car last year, up 4.5% from 2013, according to Sivak Applied Research. 

The Importance of the MaaS Market

By: Paul Eichenberg - December 04, 2019 at 4:44 PM

As urban mobility influences both public transportation as well as ridesharing and taxis, this growing segment of the automotive market is too critical for OEMs and suppliers to ignore.

Toyota, BMW Increase Investment in May Mobility

By: Steve Plumb - December 04, 2019 at 3:23 PM

Self-driving-shuttle company May Mobility Inc. has raised $50 million in a Series B funding round led by Toyota Motor Corp.

Geely: No Plans to Buy Bentley

By: Steve Plumb - December 02, 2019 at 4:33 PM

China’s Zhejiang Geely Holding Group says it has no plans to buy Bentley from Volkswagen Group, countering reports last week to the contrary.

Nissan’s New CEO Touts Realistic Growth Goals

By: Bill Hampton - December 02, 2019 at 3:45 PM

Makoto Uchida, who took over as CEO at Nissan Motor Co. today, says he aims to revive the company with new products and help from its 20-year-old alliance with Renault SA.