NEWS

Nissan Delays U.K. Expansion Over Brexit

9/30/2016

Nissan Motor Co. says it won’t move ahead on further investment in its factory in Sunderland, England, until the U.K. completes negotiations about exiting the European Union, the Financial Times reports.

U.S. Economy Grew 1.4% in Second Quarter

9/29/2016

The American economy expanded 1.4% in the second quarter of 2016, up from a previous estimate of 1.1%, according to the U.S. Bureau of Economic Analysis.

Mercedes Debuts EV Sub-Brand with Crossover Concept

9/29/2016

Daimler AG’s Mercedes-Benz unit previewed its new EQ sub-brand for electric vehicles with a concept crossover vehicle this week at the Paris auto show.   

EC Sues to Block German Highway Toll Plan

9/29/2016

The European Commission has sued the German government over the country’s plans to levy what the EC describes as discriminatory tolls for the use of its national highway system, Bloomberg News reports.

Ford Names Former 3M Exec to Head Mobility Unit

9/29/2016

Ford Motor Co. has named Rajendra Rao as CEO of its Smart Mobility unit.

PSA Expects Its Sales in Iran Will Top 150,000 Units This Year

9/29/2016

PSA Group, which relaunched car shipments to Iran earlier this year, says its sales should top 150,000 Peugeot brand vehicles by the end of 2016 and double that volume in 2017.

GM Revs Up Heavy-Duty Diesels

9/29/2016

General Motors Co. says the diesel-powered, heavy-duty versions of its 2017 Chevrolet Silverado and GMC Sierra trucks will be the most powerful pickups the carmaker has ever offered.

Lexus Previews Futuristic Compact SUV

9/29/2016

Toyota Motor Corp.'s Lexus unit says the UX Concept crossover/SUV is the luxury brand’s “vision for a compact SUV of the future.

BMW Unveils Sporty X2 Crossover Concept

9/29/2016

BMW AG took the wraps off its new X2 crossover concept today at the Paris auto show. A production version will debut in 2018, according to the company.

Skoda: No Rush to Enter U.S. Market

9/29/2016

Volkswagen Group’s Skoda unit says it may not decide for another year whether to enter the U.S. market.