NEWS

Illinois Sues VW Over Diesel Cheating

11/8/2016

Illinois has become the 19th state in the U.S. to sue Volkswagen AG for violating state environmental laws.

Ford’s Sales in China Grow 14%

11/7/2016

Car and light truck sales in China by Ford Motor Co. and its joint ventures rose 14% to a record 107,600 units last month.

Daimler Picks Valens Multimedia Platform

11/7/2016

Daimler AG says it will use Valens Semiconductor Ltd.’s HDBaseT Automotive platform for future infotainment, driver-assist and telematics systems.

Ferrari Posts 20% Hike in Net Profit

11/7/2016

Ferrari NV reports its third-quarter net revenue rose 8% to €783 million, and net profit grew 20% to a record €113 million.

Honda Puts Finger on Sunscreen Tech

11/7/2016

Honda Motor Co. has filed an application with the U.S. Patent Office for a touch-sensitive window shade.

Nissan’s Net Income Drops 16%

11/7/2016

Currency effects and slower sales growth in China and the U.S. caused Nissan Motor Co.’s net income to fall 16% to 146 billion yen ($1.4 billion) in the company’s fiscal second quarter ended Sept. 30.

Tesla Model S Gets Glass Roof Option

11/7/2016

Tesla Motors Inc. is adding a glass roof option to its Model S electric sedan.

Backer Clouds Outlook for Faraday Future EV Startup

11/7/2016

The outlook for California-based electric-car startup Faraday Future Inc. is uncertain after its backer, the chairman of media giant Leshi Internet Information & Technology Corp., told shareholders the company has overexpanded and is running out of cash.

3D Magnetism

11/7/2016

Researchers at the U.S. Dept. of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee have developed a 3D-printing process to produce permanent magnets used in electric motors that is faster, less expensive and allows for more complex shapes than traditional bonded magnets.

Ford’s Canadian Workers Ratify Contract

11/7/2016

Ford Motor Co.’s 6,700 hourly workers in Ontario have ratified a new four-year contract by a 58% margin, Canada’s Unifor union reports.