Business

LG Touts 5G Module

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.