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Renault-Nissan Alliance Says Mutual Savings Rate May Slow
7/5/2016The Renault-Nissan Alliance says the growth in operational savings it realizes by integrating operations may slow over the next year or so.
Germany Probes Steel Price-Fixing Among Carmakers, Suppliers
7/5/2016Investigators from Germany’s cartel authority are looking into possible price manipulation by six carmakers and suppliers that buy steel.
New "Top Gear" Front Man Quits
7/5/2016Chris Evans, who was hired last year to take over the main hosting responsibilities for "Top Gear," is leaving the irreverent BBC television show after just one season.
Tesla Misses 2Q Sales Target
7/4/2016Tesla Motors Inc. reports it sold 14,400 electric cars in April-June, falling short of its 17,000-unit target for the period.
VW CEO Again Rejects U.S.-Style Diesel Settlement in Europe
7/3/2016Volkswagen AG CEO Matthias Mueller says compensating owners of its cheater diesels in Europe as it has agreed to do in the U.S. would be “inappropriate” and vastly too expensive.
Japan Okays Cars Without Rearview Mirrors
7/3/2016Japan has become the first automotive market to permit cars that use video cameras in place of conventional rearview mirrors.
U.S. Car Sales Grows Slowed to 2% in June
7/1/2016Sales of passenger cars and light trucks in the U.S. grew 2% to 1.51 million last month in June, Autodata Corp. reports. The annualized pace of deliveries fell to 16.7 million units from 17.5 million in May and 17.0 million units in June 2015.
Porsche Invests in “Smart” Parking Service
7/1/2016Porsche AG has bought a minority stake in Evopark GmbH, a two-year-old startup based in Cologne, Germany, that helps motorists find available parking spots.
U.S. Traffic Fatalities Rose 8% in 2015
7/1/2016Traffic deaths in the U.S. last year climbed 8% to 35,200, the highest in seven years, Reuters reports, citing preliminary data from the National Highway Traffic Safety Administration.
Takata's CEO to Take 30% Pay Cut
7/1/2016Shigehisa Takata, the president and CEO of beleaguered airbag supplier Takata Corp., has agreed to take a 30% pay cut over the next 12 months in recognition of the company’s rising airbag inflator recall costs.