Mexican Media Brands
Quanergy Acquires “People-Tracking” Software for Lidar Technology
8/30/2016Sunnyvale, Calif.-based Quanergy Systems Inc. has acquired Raytheon Co.’s Otus “people-tracking” software to team with its own lidar sensors for autonomous vehicle systems.
Volvo to Hire 400 Engineers for Autonomous Car and Electrification Programs
8/30/2016Volvo Car Group plans to add 400 engineers over the next year to help develop next-generation technologies related to automated driving, electrification and safety. Most of the new hires will be software engineers.
Great Wall Moves Ahead on Russian Factory Despite Market Collapse
8/30/2016China’s Great Wall Motor Co. is pressing ahead with construction of an assembly plant in central Russia in spite of the country’s collapsing car market, Automotive News China reports.
VW Drops Plan to Sue S. Korea Over Sales Ban
8/30/2016Volkswagen Group has abandoned a threat to sue South Korea for banning the sale of most of its vehicles and fining the company 17.8 billion won ($16 million) for cheating on emission and noise tests.
Mitsubishi Motors Triples Number of Models Tainted by Efficiency Ratings Scandal
8/30/2016Mitsubishi Motors Co., which admitted in April to falsifying the fuel efficiency ratings of four minicars in Japan, also exaggerated the ratings for eight other models, sources tell The Nikkei.
U.S. Owners of VW Cheater Diesels Opting for Buyout
8/30/2016Nearly half of the 475,000 owners of Volkswagen AG vehicles fitted with diesel engines that evaded emission laws are opting to have the company buy back rather than fix their cars, Bloomberg News reports.
China’s EV Industry Faces Massive Shakeout
8/29/2016China’s central government is imposing tougher standards on vehicle makers in a bid to shrink the number of participants to as few as 10 from more than 200 today, Bloomberg News reports.
Citroen Plug-in Hybrid Concept Highlights Comfort and Styling
8/29/2016PSA Group’s Citroen CXPerience concept car combines the carmaker’s latest exterior design language and “advanced comfort” technologies with a hybrid-electric drivetrain.
Oil Prices Drop Again
8/29/2016Oil prices are dropping again over the prospects of higher interest rates in the U.S.
Chinese Startup Teams with Italian Partners on Turbine-Electric Supercar
8/29/2016Beijing-based Techrules is partnering with two Italian companies— GFG Progetti and L.M. Gianetti—to develop a production version of the 1,030-hp turbine-electric GT96 hybrid concept car it unveiled at this year’s Geneva auto show, Automotive News reports.