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Michigan Approves Aid for New FCA Factory in Detroit
5/22/2019Fiat Chrysler Automobiles NV has won approval for its $4.5 billion plan to build a Jeep SUV factory in Detroit and expand several other facilities in the metro area
Scania to Spend $344 Million on Truck Plant in Brazil
5/22/2019Volkswagen Group’s Scania commercial truck unit says it will spend 1.4 billion reais ($346 million) to update its commercial truck plant outside Sao Paulo, Brazil.
CEO Krueger’s Performance Draws BMW Board Scrutiny
5/22/2019Some members of BMW AG’s supervisory board are questioning whether CEO Harald Krueger’s contract should be renewed, sources tell Bloomberg News.
U.S. Used-Car Prices on the Rise
5/21/2019Used-car prices in the U.S. rose 2% in January-April compared with the same period last year, according to J.D. Power Valuation Services.
Renault Recaptures Nurburgring FWD Speed Record
5/21/2019Renault SA set a track record for front-wheel-drive vehicles at Germany’s Nurburgring Nordschleife course with its Megane RS Trophy-R performance coupe.
Study: V2V Autonomous Cars Smooth Traffic Flow
5/21/2019A fleet of driverless cars working together can improve overall traffic flow by 35% under certain conditions, according to researchers at the University of Cambridge in the U.K.
Daimler, Geely Launch Mobility Services Venture in China
5/21/2019Daimler AG and Zhejiang Geely Holding Group have formed a new company to sell mobility services in China.
Tesla Stock Continue to Slide on Investor Worries
5/21/2019Shares in Tesla Inc. have plunged 45% since mid-December, mainly because of investor concerns about the level of demand for its critically important Model 3 electric sedan.
Chevy Adds Seatbelt Usage Tech for Teen Drivers
5/21/2019General Motors Co. Chevrolet unit is adding a “Buckle to Drive” feature to its Teen Driver safety system, preventing vehicles from shifting out of park for 20 seconds unless the driver’s seatbelt is fastened.
Brose Plans $335 Million Expansion in China
5/21/2019Brose Group says it will spend €300 million in China on products and equipment over the next three years.