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New Mercedes Plant May Go to Poland, Not Russia
3/18/2016Daimler AG is likely to scrap plans for a new Mercedes-Benz factory in Russia and build the facility in Poland instead, according to multiple media reports.
European Cars Expected to Hike Aluminum Usage 28% by 2020
3/18/2016The average aluminum content in European cars will climb to 180 kg by 2020 from 140 kg in 2012 as carmakers strive to lower carbon dioxide emissions by cutting vehicle weight, predicts the Brussels-based European Aluminium trade group.
U.S. Fines Japan’s Omron $4.6 Million for Price Fixing
3/17/2016The U.S. Dept. of Justice says Japan’s Omron Automotive Electronics Co. has agreed to plead guilty to criminal price fixing and pay a $4.6 million fine.
Porsche Hikes Worker Bonuses 4%
3/17/2016Porsche AG says it will pay its hourly employees in Germany bonuses worth as much as €8,911 ($10,100) each for their work last year compared with €8,600 in 2014.
Car2Go to Drop EVs for Piston Powered Cars in California
3/17/2016Daimler AG’s car2go car-sharing business says it will swap its fleet of Smart ForTwo electric cars for conventionally powered versions of the city car in California by May 1 due to an insufficient recharging infrastructure in its service area.
BMW Plans New Range of Hybrids, EVs and Self-Driving Cars
3/17/2016BMW AG this week announced plans to launch several new advanced technology vehicles—including third- and fourth-generation hybrid and all-electric models as well as vehicles with automated driving capabilities—for its BMW, Mini and Rolls-Royce brands.
Aston Martin, Red Bull Racing Plan Hypercar
3/17/2016Aston Martin Lagonda Ltd. and Red Bull’s Formula One racing team plan to develop an exotic hypercar in a deal that will link the British luxury carmaker with F1.
Former Scion Models Rebadged as Toyotas
3/17/2016Toyota Motor Corp. is renaming three models for the 2017 model year that had been sold in the U.S. under its former Scion brand.
World’s Most Productive Nation? Hint: It’s Not China
3/17/2016Productivity in China and India has doubled since 2003. But the U.S. is still at least 80% better in terms of output per hour than either, according to Oxford Economics Ltd. in Oxford, England.
VW May Set Up Two Funds to Settle U.S. Diesel Cheating Scandal
3/17/2016Volkswagen AG is negotiating to create two remediation funds in the U.S. that would compensate for the environmental damage caused by diesels it rigged to evade emission standards, sources tell Bloomberg News.