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Hyundai Opens Beijing Innovation Center
9/23/2019Hyundai Motor Group has opened an innovation center in Beijing as part of the carmaker’s global network of “cradle” facilities that partner with local tech startups and others.
Frankfurt Auto Show Attendance Plunges 31%
9/23/2019Attendance at the just-ended Frankfurt auto show—considered one of the world’s premier events of its kind—plummeted 31% to 560,000 people, according to trade group VDA.
Nissan, Ghosn Settle SEC Fraud Case
9/23/2019Nissan Motor Co. and former Chairman Carlos Ghosn have agreed to pay $15 million and $1 million, respectively, to settle U.S. claims that they failed to report more than $90 million in benefits for Ghosn.
Next Jaguar F-Type to Get Mid-Engine Layout?
9/23/2019Jaguar Cars Ltd. appears likely to switch to a mid-engine layout for its next-generation F-Type sports car, which isn’t due until after 2022, according to Autocar .
Acura Targets 25% Growth in U.S.
9/23/2019Honda Motor Co.’s Acura luxury car unit aims to grow its sales in the U.S. from 159,000 units last year to more than 200,000 within five years.
Ride-Hailing Startup Passes 1 Million Miles with Toyota Fuel Cell Cars
9/23/2019GHT Mobility GmbH says its CleverShuttle ride-hailing fleet of Toyota Mirai fuel cell vehicles has covered more than 2.2 million km (1.4 million miles) in two years.
Hyundai, Aptiv Form Autonomous Vehicle JV
9/23/2019Hyundai Motor Group and Aptiv plc have announced a 50:50 joint venture set up to design and develop technologies for self-driving cars.
Nissan Halts Assembly Plant in Indonesia
9/23/2019Nissan Motor Co. halted operations six months ago at one of its two assembly plants in Indonesia but apparently still hasn’t directly acknowledged it.
Tesla Faces Trial over Huge Pay Deal for CEO Musk
9/23/2019A Delaware judge has ruled that Tesla Inc.’s board must face a trial to justify why it agreed last year to a multi-billion-dollar payout for CEO Elon Musk indexed to the company’s market value.
Germany Floats $59 Billion Plan to Cut CO2
9/23/2019Germany proposes a $59 billion plan to cut carbon dioxide emissions in part by hiking fuel taxes, penalizing higher-polluting vehicles and subsidizing electric cars.