Business

VW, LG Chem Form Task Force to Ensure EV Battery Supply

October 05, 2018 at 2:42 AM

Volkswagen AG has set up team with South Korea’s LG Chem Ltd. to monitor the security of the supply chain for batteries needed for the carmaker’s electric vehicles.

No Pickup Truck in BMW’s Future

October 04, 2018 at 12:37 PM

BMW AG declares no interest in adding a pickup truck to compete against Daimler AG’s new Mercedes-Benz X-Class.

AM General Seeks Buyer

October 04, 2018 at 3:59 AM

U.S. defense contractor AM General LLC, best-known for its military Humvee vehicles, hopes to sell itself for $2 billion, sources tell Reuters.

Bondurant Driving School Files for Bankruptcy

October 03, 2018 at 3:37 PM

The Bob Bondurant School of High Performance Driving in Chandler, Ariz., filed for Chapter 11 bankruptcy protection this week.

TomTom to Provide Real-Time Navigation to BMW Group

October 03, 2018 at 11:01 AM

Under a new agreement, TomTom International BV will provide live traffic updates and real-time navigation services plus routing for electric vehicles to BMW Group’s BMW, Mini and Rolls-Royce brands in select markets.

Honda Teams with GM on Autonomous Vehicles

October 03, 2018 at 10:33 AM

Honda Motor Co. plans to invest nearly $2.8 billion into General Motors Co.’s Cruise automation subsidiary to co-develop and launch autonomous vehicles.

Alpine to Relocate N. American Headquarters

October 02, 2018 at 11:06 AM

Japan’s Alpine Electronics Inc. plans to move its headquarters for the Americas from Torrance, Calif. to Auburn Hills, Mich., next year.

Japanese Partners Team Up on Cyber Security

October 01, 2018 at 3:24 PM

Denso Corp. and NRI SecureTechnologies Ltd. are forming a joint venture to detect and diagnose the security risks of in-vehicle electronic products.

Nissan: No Plans to Bring Terra SUV to U.S.

October 01, 2018 at 12:56 PM

Countering ongoing speculation, Nissan Motor Co. officials say the company has no plans to offer its new Terra midsize SUV in the U.S.

CEO Musk Agrees to Step Down as Tesla’s Chairman

October 01, 2018 at 1:37 AM

Tesla Inc. CEO Elon Musk settled a U.S. Securities and Exchange Commission lawsuit on Saturday by agreeing to give up the chairmanship position for three years.

Renault Samsung Motors Struggling with Sales, Labor Issues

October 01, 2018 at 12:27 AM

South Korea’s Renault Samsung Motors Co. is fighting sagging sales and continuing labor strife, the Korea Herald reports.

New Pininfarina Unit Adds Tech Leaders, Confirms Munich HQ

September 28, 2018 at 8:57 AM

Mahindra & Mahindra Ltd.’s new Automobili Pininfarina unit confirms it will be based in Munich and has hired a pair of veteran engineering executives.