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U.S. Fuel Prices at 11-Year Low
6/27/2016Gasoline prices in the U.S. are entering the Independence Day holiday at their lowest average for the season since 2005, says the AAA Daily Fuel Gauge Report.
Losses Deepen for Aston Martin on Product Development Costs
6/27/2016British luxury car maker Aston Martin Lagonda Ltd. reports its revenue last year grew 9% to £510 million ($673 million) as unit sales rose 8% to 3,600 vehicles.
Le Mans Champ Beats EV Challengers at Pikes Peak Climb
6/27/2016French driver Romain Dumas posted the fasted time in Sunday’s Pikes Peak International Hill Climb to become the first driver to win the famous mountain climb and 24 Hours of Le Mans endurance race in the same year.
Honda Reports Another Possible Takata Airbag Fatality
6/27/2016Honda Motor Co. says a Takata Corp. airbag inflator exploded in a fatal crash in Malaysia on Saturday.
GM Files Patent for New 2-Stage Turbo System
6/27/2016General Motors Co. is developing a new two-stage turbocharger technology that is designed to minimize previous tradeoffs between low- and high-pressure operations for such systems.
Japan Auto Stocks Dive on Brexit Vote
6/27/2016Shares in Honda, Nissan and Toyota, which account for about half the cars made in the U.K., have dropped significantly since the U.K. voted on Thursday to exit the EU.
Latest Mitsubishi Plug-In Hybrid Concept to Get Paris Debut
6/27/2016Mitsubishi Motors Corp. will take the wraps off its Ground Tourer Concept plug-in hybrid crossover vehicle in October at the Paris auto show.
Mercedes Mulls EV Sub-Brand
6/27/2016Daimler AG’s Mercedes-Benz unit may launch a sub-brand, similar to BMW AG’s “i” brand, to market next-generation electric vehicles.
China Closer to Removing Cap on Foreign JVs
6/27/2016China’s central government is moving closer to removing a rule that currently limits foreign ownership in joint ventures to 50%. The chairman of China’s National Development and Reform Commission tells Bloomberg News the government is considering ad adjustment.
Honda Plans Recycling Plant for Lithium-Ion Batteries
6/27/2016Honda Motor Co. plans to open a prototype facility in Japan within three years to recover the rare-metal content from lithium-ion batteries used in its hybrid and all-electric vehicles.