Business

Veoneer Exits Braking JV

October 30, 2019 at 12:14 PM

Veoneer Inc. has agreed to sell its 51% stake in a brake systems joint venture to partner Nissin-Kogyo Co. and Honda Motor Co. for $176 million.

ABB Acquires Chinese EV Charging Specialist

October 30, 2019 at 10:38 AM

Swiss engineering and robotics giant ABB Group has agreed to purchase 67% of Chargedot New Energy Technology Co., which supplies charging systems for electric vehicles.

FCA, PSA Revive Merger Talks

October 30, 2019 at 12:08 AM

Fiat Chrysler Automobiles NV and PSA Group are again in exploratory talks about merging, The Wall Street Journal says.

AutoNation Expands Partnership with Waymo

By: Steve Plumb - October 29, 2019 at 1:33 PM

Vehicle retail giant AutoNation Inc. is extending its service agreement with Waymo LLC for another two years and will begin using Waymo self-driving vehicles to deliver parts to repair facilities.

Karma Restructures, Wants to Market Know-How

October 28, 2019 at 3:09 PM

California-based Karma Automotive LLC is restructuring and hopes to market its technical expertise and excess production capacity in a bid to turn a profit.

VW Confirms €200 Billion Market Cap Goal

October 28, 2019 at 12:33 PM

Volkswagen AG verifies that it intends to hike its current market value to €200 billion ($222 billion) from the current €95 billion.

Mobility Startup Cuts 40% of Staff

October 25, 2019 at 4:36 PM

Santa Monica, Calif.-based Fair Inc., a 3-year-old startup that specializes in short-term leases and vehicle subscription programs, is laying off 40% of its staff as it focuses on profitability.

Infiniti Pulls the Plug on Q70 Sedan

October 25, 2019 at 2:21 PM

Nissan Motor Co.’s Infiniti unit will drop the Q70 large sedan from its U.S. lineup after the current model year.  

Court Rejects Challenge to Review of U.S. Emission Rules

October 25, 2019 at 1:35 PM

U.S. states have no jurisdiction to challenge an Environmental Protection Agency review of future vehicle emission rules, according to a federal appellate court in Washington, D.C.

Renault: New Business Customers Wanted

October 25, 2019 at 9:36 AM

Renault SA tells analysts it wants to find new business partners to supply with vehicles and components.

Tesla’s Share Price Surges 18%

October 25, 2019 at 1:01 AM

Tesla Inc.’s third-quarter profit and bullish outlook triggered an 18% jump in the company’s share price to its highest price in eight months.

China’s Zotye Moves Ahead with U.S. EV Plans

October 24, 2019 at 3:59 PM

HAAH Automotive, which is the U.S. distributor for Chinese carmaker Zotye Automobile International Co., has signed dealers in 100 metropolitan markets as the company prepares to launch sales in the region by 2021.