NEWS

Ferrari Supercar Adds Power, All-Wheel Steering

10/16/2015

Ferrari SpA’s new F12tdf supercar is lighter, faster and more powerful than the standard F12 Berlinetta on which it’s based.

Japan’s $10 Billion Quest for a Super-Innovator

10/16/2015

The state-backed Innovation Network Corp. of Japan wants to spend 1.2 trillion yen ($10 billion) to fund Japanese entrepreneurs.

Forecast: U.S. Car Sales to Peak at 18.2 Million in 2017

10/16/2015

IHS Automotive predicts light-vehicle sales in the U.S. will climb to a record 18.2 million units over the next two years, then ebb slowly as prices and interest rates rise.

Kia Recalls Sorento Crossovers to Fix Transmission Flaw

10/16/2015

Kia Motors Corp. is preparing to recall 377,100 of its 2011-2013 model Sorento crossover vehicles in the U.S. that could slip roll away when parked with the engine running.

Linamar Makes €771 Million Offer for France’s Montupet

10/16/2015

Canadian parts supplier Linamar Corp. has agreed to buy French aluminum castings maker Montupet SA for €771 million ($878 million) in cash.

VW to Recall 8.5 Million Diesel Vehicles in Europe

10/15/2015

Germany’s Federal Motor Transport Authority has ordered Volkswagen AG to recall 2.4 million diesel-powered vehicles equipped to cheat emission tests.

Global MRV Touts Onboard Emissions Testing System

10/15/2015

Buffalo, N.Y.-based Global MRV Inc. says its new Firefly emissions testing system is the first onboard device that continuously monitors tailpipe emissions.

GM’s Global Sales Shrank 3% in Third Quarter

10/15/2015

General Motors Co. reports it sold 2.33 million vehicles worldwide in July-September compared with 2.41 million units in the same period in 2014.

Volvo Outlines Electric Future

10/15/2015

Volvo Car Corp. says it will offer plug-in hybrid versions of all its vehicles in coming years and launch its first all-electric model by 2019.

Tesla Adds Self-Driving Features

10/15/2015

Tesla Motors Inc. last night began downloading its new Autopilot system into specially equipped versions of the company’s Model S electric sedan.