NEWS

Toyota Recalls Minivans to Fix Door Flaw

11/22/2016

Toyota Motor Co. is preparing to recall about 744,000 of its 2011-2016 model Sienna minivans in the U.S. to remedy a flaw that could allow its sliding side door to open when the vehicle is moving.

U.S. Car Fleet Average Age Rises to 11.6 Years

11/22/2016

The average car on the road in the U.S. is 11.6 years old, up from 11.5 years in 2015 and 9.6 years in 2002, according to IHS Markit Ltd.

China’s NextEV Launches New Brand, Ultra-Fast EV

11/22/2016

NextEV Inc. has unveiled its all-electric EP9 supercar that will be sold under the company’s new NIO brand.

2018 Mustang Will Drop V-6 Option, Add 10-Speed Automatic

11/22/2016

Ford Motor Co. will no longer offer a V-6 engine in its Mustang pony car when the 2018 model hits the streets early next year, reports Mustang6G.com.

VW Targets Growth in EVs, SUVs, Mobility Services

11/22/2016

Volkswagen AG today announced another strategic initiative in an effort to move beyond the diesel emissions scandal that has plagued the company for past 15 months.

UPDATE: Nissan Sells Calsonic Kansei Stake to KKR

11/22/2016

Nissan Motor Co. is selling its 41% stake in its Calsonic Kansei Corp. (CK) subsidiary for 207 billion yen ($1.8 billion) as part of a tender offer by U.S. buyout firm KKR & Co. to acquire the supplier outright.

Global Demand for Gasoline Poised to Drop

11/22/2016

Worldwide gasoline consumption is approaching its peak and by 2020 will begin a slow decline through 2040, the International Energy Agency predicts.

Report: Takata Chooses Autoliv, Key Safety Systems as Final Bidders

11/22/2016

Airbag maker Takata Corp. has narrowed its list of financial saviors to two bidders with extensive airbag design and production: Sweden’s Autoliv and U.S.-based Key Safety Systems, sources tell Bloomberg News.

Trump Vows U.S. Withdrawal from TPP Trade Pact

11/22/2016

President-elect Donald Trump says the U.S. will abandon the Trans-Pacific Partnership trade deal on his first day in office.

Chinese Concept Car Showcases FreeValve Camless Engine

11/22/2016

Qoros Automotive Co. says its 3 GT concept crossover vehicle is the world’s first drivable prototype model to be powered by a camless engine.