Business

Germany to Back Three EV Battery Cell-Making Partnerships

June 18, 2019 at 1:45 PM

Germany’s government intends to invest a combined €1 billion ($1.1 billion) to support three partnerships created to launch battery cell production in Europe.

Survey: Carmaker-Supplier Relations Lag on Mobility Issues

June 17, 2019 at 7:16 AM

Relations between North American carmakers and their suppliers need plenty of improvement to cope with “exponential” competitive pressure ahead, according to Plante Moran LLC’s annual Working Relation Index.

Brexit Worries Cut British Investments to 10-Year Low

June 17, 2019 at 4:19 AM

British companies plan to cut their investments in domestic operations by 1.3% this year before expanding only 0.4% in 2020 over concern about U.K.’s departure from the European Union.

Report: Nissan Ready to Meet Renault’s Board Seat Demands

June 14, 2019 at 9:40 AM

Nissan Motor Co. is close to an agreement that would give Renault SA—its largest shareholder with a 43% stake—more clout over strategy and management, sources tell Bloomberg News.

Toyota Trims Mid-Year Bonuses in Japan

June 13, 2019 at 4:17 AM

Toyota Motor Co. plans to lower summer bonuses paid to managers and hourly workers by 4%-5% and 10%, respectively, this year.

Renault Chairman Vows to Fix “Damaged” Nissan Alliance

June 13, 2019 at 2:54 AM

Renault SA Chairman Jean-Dominique Senard tells shareholders that his top priority is to restore relations between the French carmaker and alliance partner Nissan Motor Co.

ChargePoint and Electrify America Team Up on EV Charging

June 12, 2019 at 3:22 PM

The two largest electric vehicle charging networks in the U.S.—ChargePoint Inc. and Volkswagen AG’s Electrify America LLC subsidiary—have agreed to let their members use each other’s charging stations.

VW Invests $1 Billion in Northvolt

June 12, 2019 at 10:44 AM

Volkswagen AG is investing €900 million ($1 billion) in Northvolt AB, a Stockholm-based startup that will produce batteries for electrified vehicles.

VW Drops Autonomous-Car Partnership with Aurora

June 11, 2019 at 3:35 PM

Volkswagen says it has ended its 16-month-old alliance with California-based Aurora Innovation two days after the startup announced a partnership with Fiat Chrysler Automobiles to develop and market self-driving commercial vehicles.

Bill Ford: Startups Will Guide Company’s Changeover

June 11, 2019 at 10:17 AM

Chairman Bill Ford says Ford Motor Co. will rely on startups to meet the new-mobility challenges sweeping through the auto industry, Automotive News reports.

France Urges Renault to Focus on Nissan Alliance

June 11, 2019 at 12:21 AM

French Prime Minister Bruno Le Maire says the country would be willing to reduce its 15% stake in Renault SA, if doing so would help strengthen the company’s 20-year-old alliance with Nissan Motor Co.

Volvo Adds Free Towing Across U.S. Fleet

June 10, 2019 at 1:10 PM

Volvo Car Corp. is expanding its complimentary towing service to cover all of its vehicles in the U.S., regardless of the vehicle’s age, mileage, condition or owner.