Business

Mahindra in Running for U.S. Postal Vehicle Contract

May 03, 2019 at 2:10 PM

  India’s Mahindra & Mahindra Ltd. says it will build a second assembly plant in Michigan if it lands a big contract to supply small delivery trucks to the U.S.

FCA Finalizes Magneti Marelli Sale

May 02, 2019 at 2:15 PM

Fiat Chrysler Automobiles NV has completed the sale of its Magneti Marelli SpA parts affiliate to CK Holdings Co.

Former JCI Battery Unit Relaunched as Clarios

May 02, 2019 at 6:59 AM

Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.

Denso Leads $20 Million Funding Round for E-bike Startup

May 02, 2019 at 1:19 AM

Denso Corp. and Innovest Global led a $20 million first funding round for California-based e-bike startup Bond Mobility Inc.

EV Startup Faraday Future Gets Bridge Loan

May 01, 2019 at 12:18 AM

Electric car startup Faraday Future Inc. says it has arranged as much as $225 million in bridge financing to enable it to complete development of its first model.

BMW Logistics Center Tests Self-Driving Skiffs

April 30, 2019 at 5:22 AM

BMW AG’s logistics center in Dingolfing, Germany, has begun using self-driving platforms to transport incoming replacement parts from the freight dock to the warehouse.

Bosch Partners with Powercell on Fuel Cell Production

April 29, 2019 at 5:06 PM

Robert Bosch GmbH has formed an alliance with Powercell Sweden AB to develop and mass produce fuel-cell stacks for the commercial truck and automotive markets.

GM Will Go Virtual with 2019 Annual Meeting

April 29, 2019 at 3:21 PM

General Motors Co. will replace its usual shareholder meeting this year with a live webcast but no live audience.

FCA Certain It Will Survive Industry Turmoil

April 29, 2019 at 11:06 AM

CEO Mike Manley declares himself “100% sure” that Fiat Chrysler Automobile NV’s “house of brands” will carry the carmaker through all the technological disruptions facing the auto industry.

Conti Pushes Powertrain IPO to 2020

April 29, 2019 at 9:58 AM

Continental AG is delaying the planned spinoff of its powertrain unit from later this year to sometime in 2020, depending on market conditions.

Musk Reaches Tweets Deal with SEC

April 29, 2019 at 12:00 AM

Tesla Inc. CEO Elon Musk has agreed to let Tesla lawyers preapprove his tweets about any items in a long list of company production, sales and financial targets.

Report: Renault Readies New Nissan Merge Plan

April 26, 2019 at 12:55 PM

Renault SA is preparing a proposal that would merge the company with Nissan Motor Co. through a holding company, sources tell The Nikkei.