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Nissan Stresses Hands-On Approach to Autonomous Driving
7/14/2016Nissan Motor Co. says its new ProPilot driver-assist system will warn drivers if they take both hands off the steering wheel during autonomous driving and disable the feature if they don’t return at least one hand to the wheel after a few seconds.
U.K. Holds Interest Rate Steady at 0.5%
7/14/2016The Bank of England has elected to maintain its prime lending rate unchanged at 0.5% for now.
GM Averts Production Crisis Caused by Bankrupt Supplier
7/14/2016General Motors Co. has received court approval to gain immediate access to inventories and production equipment owned by a sole-source supplier of acoustic parts used by most of its factories in North America.
Norwegian Auto Shipper Pleads Guilty to Price Fixing
7/14/2016Norwegian ocean carrier Wallenius Wilhelmsen Logistics AS has agreed to plead guilty to fixing prices and conspiring to rig bids on vehicle shipments to and from the U.S.
California Rejects VW’s Fix for Cheater V-6 Diesels
7/14/2016The California Air Resources Board has rejected Volkswagen AG’s plan to bring emissions from its V-6 diesels into regulatory compliance as "incomplete" and "substantially deficient."
Tesla Drops Resale Value Guarantee in U.S.
7/14/2016Tesla Motors Inc. has dropped a three-year-old program that guaranteed the resale value of the company’s Model S electric sedans in the U.S. would at least equal that of luxury sedans from such rivals as BMW and Mercedes-Benz.
3-D-Printed Replacement Parts Coming to Mercedes Trucks
7/13/2016Daimler AG's Mercedes-Benz Trucks unit will begin offering 3-D-printed replacement parts this autumn.
Honda to Launch Electric Motor That Contains No Heavy Rare-Earth Metals
7/13/2016Honda Motor Co. and Japan’s Daido Steel Co. have developed an electric motor that doesn't use heavy rare-earth metals.
Japan Slashes Economic Growth Forecast
7/13/2016Japan, which previously predicted its gross domestic product would expand 1.7% in the current fiscal year, now anticipates annual growth of only 0.9% growth.
Study: Overlapping EU-U.S. Safety Rules Waste Up to $2.3 Billion
7/13/2016Carmakers are wasting as much as $2.3 billion (€2.5 billion) annually to meet divergent safety standards in the U.S. and European Union that provide virtually identical benefits, according to research by the Ann Arbor, Mich.-based Center for Automotive Research.