Business
October 16, 2019 at 7:02 AM
LG Group’s Innotek unit has developed the first 5G automotive module using Qualcomm Inc.’s Snapdragon 5G chip.
XL Buys Quantum’s Electrification Unit
October 16, 2019 at 6:05 AM
Boston-based XL (formerly XL Hybrids), which supplies hybrid powertrain systems for commercial vehicles, has acquired Quantum Fuel Systems LLC’s electrification division.
Hyundai to Invest $35 Billion on Advanced Mobility
October 15, 2019 at 7:34 AM
Hyundai Motor Group plans to invest 41 trillion won ($34.6 billion) over the next six years to develop next-generation mobility technologies and services.
Swedish Startup Updates EV Plans
October 15, 2019 at 5:37 AM
Uniti Sweden AB has updated its all-electric One city car, which is now due to launch by mid-2020 with a starting price of about $19,100.
Uber Fires 350 Workers in “Last Wave” Reduction
October 15, 2019 at 12:08 AM
Uber Technologies Inc. has dropped 350 workers, describing the move as the last in a series of dismissals that now totals about 1,200 people.
EV, Hybrid Sales in China Plummet 32%
October 14, 2019 at 2:26 PM
Retail sales of electrified passenger vehicles in China in the first eight months of 2019 plunged by one-third to 793,000 units.
Another Startup to Test Self-Driving Cars in Calif.
October 14, 2019 at 12:02 PM
DeepRoute Ltd., a Fremont, Calif.-based startup, plans to begin testing its autonomous driving vehicle technology on the state’s public roads in coming months.
SEAT Mulls Changing Name to Cupra
October 14, 2019 at 10:22 AM
Volkswagen AG’s SEAT unit may market all its future vehicles exclusively under its new Cupra sub-brand as part of a plan to expand globally and boost profitability.
Waymo, Renault Eye Paris Robo-Taxi Service
October 14, 2019 at 8:47 AM
Alphabet Inc.’s Waymo self-driving car unit and Renault SA may launch an autonomous vehicle service between Charles de Gaulle airport and Paris.
Faurecia to Buy Out Conti in JV
October 14, 2019 at 7:53 AM
Faurecia SA has agreed to acquire Continental AG’s 50% stake in SAS Autosystemtechnik Verwaltungs GmbH and take full control of the interior modules joint venture.
VW Considers Options for Lamborghini Unit
October 14, 2019 at 12:19 AM
Volkswagen AG reportedly is studying a possible sale, initial public offering or merger into another legal entity for its Lamborghini super car unit.
Airbus, Local Motors Partner on Printed Cars, Drones
October 11, 2019 at 4:34 PM
European aerospace Airbus SE and Phoenix-based Local Motors Inc. are launching a joint venture to use 3D printing techniques to make passenger drones and self-driving vehicles.