Business

Bollinger Electric Trucks to Start at $125,000

October 24, 2019 at 12:30 PM

Prices will start at a hefty $125,000 each for the electric SUV and pickup truck models being readied by Michigan-based startup Bollinger Motors LLC.

Yamaha to Stick with Motorcycles

October 24, 2019 at 11:08 AM

Motorcycle specialist Yamaha Motor Corp., which has partnered with Gordon Murray Design Ltd. on several concept cars, is no longer pursuing any automotive projects.

Nissan to Drop Datsun Brand?

October 24, 2019 at 12:18 AM

Nissan Motor Co. is likely to scrap its entry-level Datsun brand as part of a global effort to cut costs and improve profits, sources tell Reuters.

Honda Accelerates EV Plans

October 23, 2019 at 5:52 PM

Honda Motor Co. expects all of its European sales will come from hybrid and pure electric vehicles by 2022, three years earlier than previously planned.

Lyft Targets Profitability by Q4 2021

October 23, 2019 at 3:18 PM

Ride-hailing giant Lyft Inc., which hasn’t had a profitable quarter since it launched in 2012, aims to get into the black by the end of 2021—a year earlier than industry projections.

Hyundai Mobis Teams with Velodyne on Lidar Tech

October 23, 2019 at 1:06 PM

Hyundai Mobis Co. has agreed to work with Velodyne Lidar Inc. to supply lidar systems for Level 3 autonomous vehicles, starting in 2021.

Hyundai, Renault and Volvo Invest in Cybersecurity Firm

October 22, 2019 at 2:32 PM

Israel’s Upstream Security, a startup that specializes in cybersecurity systems for connected vehicles, says it has received $30 million in Series B funding.

Renault Vows to Fix Nissan Alliance Next Year

October 22, 2019 at 2:13 PM

Renault SA Chairman Jean-Dominique Senard declares his goal is to repair and relaunch the company’s strained partnership with Nissan Motor Co. next year.

Hyundai Teases Concept Fuel Cell Truck

October 22, 2019 at 1:41 PM

Hyundai Motor Co. will unveil a fuel cell-powered heavy-duty truck and refrigerated trailer at next week’s Georgia World Congress Center in Atlanta.

Zoox Raises $200 Million

October 22, 2019 at 11:53 AM

Autonomous-car startup Zoox Inc. says it has raised another $200 million from unspecified investors as part of third-round funding expected to close within the next few months.

Indian Auto Parts Suppliers Cut Capex

October 22, 2019 at 11:12 AM

India’s auto supply industry has suspended capital investments worth at least $1.5 billion because of slumping car sales, according to the Automotive Component Manufacturers Assn.

Volvo Adds Free Charging for Plug-In Hybrids

October 22, 2019 at 10:48 AM

Volvo Cars Corp. will rebate customers for charging costs of its plug-in hybrid vehicles during the first year of ownership, starting with 2021 models.