Business

GM’s Cruise Unit in No Rush for IPO

January 08, 2019 at 10:57 AM

GM Cruise LLC says it can develop software for self-driving cars more efficiently by working as unit of General Motors Co. than as an independent, publicly traded company.

VW Forms EV Charging Unit

January 08, 2019 at 10:21 AM

Volkswagen AG has created a new company called Elli Group GmbH that will oversee its global activities for electric vehicle charging and other new energy applications.

Harman to Produce Lidar for Innoviz

January 07, 2019 at 10:03 AM

Innoviz Technologies Inc. has formed a partnership with Stamford, Conn.-based Harman International Industries Inc. to produce the Israeli startup company’s InnovizOne solid-state lidar system for carmakers.

Plante Moran Buys Firm that Tracks Supplier Relations

January 04, 2019 at 2:38 PM

A Detroit-area firm that tracks the health of the working relationship between carmakers and their suppliers has been acquired by Southfield, Mich.-based Plante Moran pllc.

Toyota Affiliates Plan Autonomous-Car Tech Venture

January 02, 2019 at 1:38 PM

Four Toyota Motor Corp. suppliers are teaming up to form J-Quad Dynamics Inc., which will develop software and provide engineering services related to automated driving and vehicle motion control.

Daimler Renames Fuel Cell Unit

January 02, 2019 at 12:48 PM

Daimler AG has renamed its fuel cell development business as Mercedes-Benz Fuel Cell GmbH.

Faraday Future Settles Dispute with Top Investor

January 01, 2019 at 1:56 AM

Electric car startup Faraday Future Inc. says it has resolved a dispute with its largest investor that will enable the company to pursue additional funding elsewhere.

Tesla Board Gains Larry Ellison, Walgreens HR Exec

December 28, 2018 at 10:05 AM

Tesla Inc.’s board has added Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson, the head of human resources for Walgreens Boots Alliance.

Renault Again Pushes Nissan for a Special Stockholder Meeting

December 27, 2018 at 2:32 PM

Renault SA has again requested Nissan Motor Co., in which it holds a 43% stake, to hold an extraordinary shareholders meeting following the indictment of ex-Chairman Carlos Ghosn on Dec. 10.

GM Korea to Spin Off Tech Center Unit on Jan. 2

December 26, 2018 at 4:44 PM

General Motors Co. plans to spin off its South Korean unit’s r&d activities on Dec. 31 and register the unit as GM Technical Center Korea on Jan. 2.

Nissan Floats Possible Sale of Renault Stake

December 26, 2018 at 12:34 AM

Nissan Motor Co. has revised its corporate governance code to signal that it could sell its 15% stake in Renault SA, which owns 43% of the Japanese carmaker.

How Tariffs, Interest Rates Will Shape Car Sales

December 24, 2018 at 12:57 AM

New trade tariffs have cut the value of automotive shipments 9% in the final five months of 2018, says Gardner Intelligence Chief Economist Michael Guckes.