NEWS

McLaren Adds Topless Version of 675LT Supercar

12/4/2015

McLaren Automotive Ltd. says its new 675LT Spider can sprint from zero to 62 mph in just 2.9 seconds and hit 124 mph in 8.1 seconds.

ECB Lowers Already-Negative Deposit Rate

12/4/2015

The European Central Bank has reduced its overnight deposit rate to minus 0.3% from minus 0.2% in a bid to bolster economic growth in the eurozone.

Audi Replaces Tech Chief Hackenberg, Names Mueller as Chairman

12/4/2015

Volkswagen AG’s Audi unit has named Stefan Knirsch as its new head of technical development, effective Jan. 1.

Brake System Flaw Prompts FCA to Recall Dodge Dart Small Cars

12/4/2015

Fiat Chrysler Automobiles NV is recalling 121,600 of its 2013-2014 model Dodge Dart small sedans to fix a problem that could reduce power brake assist, thus making the vehicles more difficult to stop.

U.K. Earmarks £600 Million to Promote Electric Vehicles

12/4/2015

The U.K. used the United National climate change conference in Paris to announce it will invest £600 million ($908 million) between now and 2020 to help foster a market for electric and other ultra-low-emission vehicles.

Marchionne Signals Shift in FCA’s Product Plan

12/4/2015

Fiat Chrysler Automobiles NV is adjusting its five-year, €48 billion ($52 billion) product plan as hopes for a merger with an uninterested General Motors Co. fade.

FCA Shareholders Approve Ferrari Spinoff

12/3/2015

Fiat Chrysler Automobiles NV reports that 98% of its shareholders have approved the spinoff of the company’s Ferrari SpA supercar unit.

Uber Will Seek Another $2.1 Billion in Funding

12/3/2015

Uber Technologies Inc. is launching a fresh, $2.1 billion round of funding that would boost its book value to $62.5 billion, sources tell Bloomberg News.

Siri to Talk to Older Model Fords

12/3/2015

Ford Motor Co. is rolling out a software update that allows owners of 2011-2016 vehicles to add Apple's Siri Eyes-Free voice-command system.

McLaren Shows Futuristic Race Car

12/3/2015

McLaren Automotive Ltd.'s new MP4-X concept race car features a number of emerging technologies that the company says could eventually be used in Formula One cars.