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Daimler Fined €870 Million for Diesel Emissions
9/24/2019Prosecutors in Germany have fined Daimler AG €870 million ($958 million) for rigging 684,000 Mercedes-Benz vehicles to evade European emission limits.
VW’s CEO, Chairman Charged with Stock Market Manipulation
9/24/2019Volkswagen Group’s top leaders have been charged with stock manipulation for failing to alert investors about the company’s diesel emission cheating.
Honda to Offset 60% of N. American Factory Emissions
9/24/2019Honda Motor Co. is buying enough electricity from renewable sources to offset 60% of the power its North American factories use from fossil fuel-burning generating plants.
Hyundai to Mass-Produce Robo Cars in 2024
9/24/2019Hyundai Motor Co. says it will begin high-volume production of Level 4 driverless vehicles within five years.
Chery, Deutsche Post Partner on Electric Vans
9/24/2019Chery Holdings and Deutsche Post’s StreetScooter unit have agreed to begin making light-duty electric delivery trucks in China by 2021.
SEC Complaint Details How Ghosn Hid Payments
9/24/2019Former Nissan Motor Co. Chairman Carlos Ghosn and senior associates went to considerable lengths to avoid disclosing his compensation, according to the Securities and Exchange Commission complaint that was settled yesterday.
Carmakers Warn of “Catastrophic” No-Deal Brexit
9/24/2019Trade groups say a no-deal exit from the European Union by the U.K. will trigger a “seismic shift” in trade conditions that threatens the future of the British auto industry.
Karma Sounds Out Revero GT
9/23/2019California-based Karma Automotive LLC’s redesigned Revero GT plug-in hybrid sport sedan will feature a racy tone to warn pedestrians when driving in all-electric mode at low speeds.
Honda Confirms Diesel Phase-Out in Europe
9/23/2019Honda Motor Co. confirms it will stop selling diesel-powered vehicles in Europe in 2021 as it moves to more electrified powertrains.
EV Startup Nio’s Losses: $5.7 Billion in 4 Years
9/23/2019Shanghai-based electric car startup Nio Inc. has piled up about $5.7 billion in losses since it launched five years ago,