Business

Infiniti Confirms Plans to Exit European Market

March 12, 2019 at 11:11 AM

Nissan Motor Co.’s upscale Infiniti units will discontinue sales in western Europe early next year.

Waymo Looking for Outside Investors?

March 12, 2019 at 2:53 AM

Alphabet Inc.’s Waymo autonomous-vehicle affiliate is searching for new outside investors, including European carmakers, a source tells The Information.

GM’s Cruise Aims to Double Headcount This Year

March 12, 2019 at 2:30 AM

General Motors Co.’s Cruise Technologies subsidiary tells Reuters it expects to double its 1,000-member workforce in 2019.

CEO Hackett Says “Bright Future” for Ford Begins This Year

March 12, 2019 at 2:02 AM

Ford Motor Co. CEO Jim Hackett has told employees the company will turn a corner in its global overhaul this year and head “toward a really bright future,” The Detroit News reports.

Michelin, Faurecia Partner on Fuel Cell JV

March 11, 2019 at 4:39 PM

French suppliers Michelin & Cie. and Faurecia SA have agreed to create a joint venture that will develop and produce fuel cell systems for passenger vehicles and other applications.

German Insurer to Cover Battery Performance

March 11, 2019 at 1:24 PM

German insurance giant Munich Re Group is launching a service that will cover battery performance, eventually including those in electric vehicles.

New Leadership Structure Expected for R-N-M Alliance

March 11, 2019 at 1:51 AM

Renault, Nissan and Mitsubishi Motors reportedly aim to create a new entity to tighten oversight of their alliance without requiring an outright merger.

Report: Botched Emission Tests Cost VW €3.6 Billion

March 08, 2019 at 4:27 PM

Volkswagen AG’s fumbles in trying to certify its 2019 models under Europe’s new WLTP test protocol cost the company €3.6 billion ($4 billion), media reports say.

BMW’s EV Export Plans for China on “Hold”

March 07, 2019 at 6:15 PM

BMW AG CEO Harald Krueger tells reporters the company can’t decide whether to make China a global hub for electric vehicles until the U.S.-China trade dispute is settled.

Schaeffler Will Cut 900 Jobs in Europe

March 07, 2019 at 10:27 AM

German bearings supplier Schaeffler AG says it will shed 900 jobs and may close as many as five small factories after posting a 13% drop in pretax earnings for 2018.

Harley-Davidson Buys Maker of Electric Bikes for Kids

March 05, 2019 at 4:23 PM

Motorcycle maker Harley-Davidson Inc. has acquired StaCyc Inc., a California-based producer of electric bicycles for children.

Aston Martin Investor Buys Controlling Stake in Morgan Motor

March 05, 2019 at 11:16 AM

Italian investment group Investindustrial has purchased a majority stake in British niche carmaker Morgan Motor Co.