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Toyota Opens “Mini ’Ring” Test Track in Japan
4/29/2019Toyota Motor Corp. has opened the first section of its new Shimoyama Technical Center in Japan with a test track modeled after the famed Nurburgring-Nordschleife course in Germany.
U.S. Dealer Inventories Near 15-Year High Highs
4/29/2019New-car dealers in the U.S. are sitting on inventories of nearly 4.2 million unsold vehicles, only 114,300 units short of the any-month record set in May 2004.
Japan’s Nidec to Build Second EV Motor Plant in China
4/29/2019Japan’s Nidec Corp. plans to invest $500 million to build a second factory in China to make propulsion motors for electric vehicles, The Nikkei reports.
Trump Pushes Japan Again to Make More Cars in U.S.
4/29/2019When President Donald Trump met last week with Japan Prime Minister Shinzo Abe, he reiterated his demand that Japanese carmakers produce more cars in the U.S.
Musk Reaches Tweets Deal with SEC
4/29/2019Tesla Inc. CEO Elon Musk has agreed to let Tesla lawyers preapprove his tweets about any items in a long list of company production, sales and financial targets.
Denso’s Fiscal-Year Profits Plunge
4/26/2019Denso Corp. ended its fiscal year on March 31 with more revenue but less profit as its ramped up spending on advanced mobility technologies.
GM Faces Lawsuit Over Faulty 8-Speed Transmission
4/26/2019A class-action lawsuit has been filed against General Motors Co. over claimed flaws in the company’s 8-speed automatic transmission used in 2015-2019 model rear-drive vehicles.
Uber Sets IPO Valuation at $91.5 Billion
4/26/2019Uber Technologies Inc. has capped the valuation for its initial public offering at a relatively modest $91.5 billion, reflecting investor skepticism about the ability of the ride-share service to turn a profit.
Daimler’s First-Quarter Sales, Revenue, Earnings Slip
4/26/2019Daimler AG blames a long list of supply chain, production and materials cost issues for its first-quarter drop in sales and earnings.
Maruti Suzuki to Drop Diesel Production in 2020
4/26/2019Maruti Suzuki India Ltd., the country’s largest carmaker, says it will stop offering diesel-powered vehicles in April 2020.