NEWS

Volvo Aims to Triple Output of Plug-In Hybrids

3/21/2019

Volvo Car Corp. hopes to triple the combined production of its four plug-in hybrid models by year-end to meet greater than expected demand.

Ford Names New CFO, International and European Chiefs

3/21/2019

Ford Motor Co. has named outsider Tim Stone to take over as chief financial officer on June 1, succeeding Bob Shanks who will retire at year-end after 42 years with the company.

Renault Tests Vehicle-to-Grid Energy Scheme

3/21/2019

Renault SA is launching a pilot program that will allow electric vehicles to provide energy back to the grid.

Waymo to Add Second Robo-Fleet Center in Arizona

3/21/2019

Alphabet Inc.’s Waymo self-driving unit plans to open an 85,000-sq-ft facility in Mesa, Ariz., later this year to house, support and service the company’s growing vehicle fleet.

Geely’s Profits Jump 18%

3/21/2019

China’s Geely Holding Group reports record revenue and net profit for 2018, as unit sales jumped 20% to 1.5 million cars.

Volvo Plans Cameras to Monitor Bad Drivers

3/21/2019

Volvo Car Corp. plans a system that monitors the driver for signs of intoxicated or distracted behavior and slows or stops the vehicle if necessary to prevent a crash.

Trump Again Tells GM to Sell or Reopen Lordstown Plant

3/21/2019

President Donald Trump has again urged General Motors Co. to either sell or reopen its assembly plant in Lordstown, Ohio, as soon as possible.

Report: Ghosn Trial Will Begin in September

3/21/2019

Carlos Ghosn’s trial on charges of underreporting his financial compensation as chairman of Nissan Motor Co. will start in September, according to Japan public TV broadcaster NHK.

Federal Reserve: No More Rate Hikes This Year

3/20/2019

The Federal Reserve voted unanimously today not to raise interest rates through the end of 2019, citing a slowdown in the pace of U.S. economic growth.

Injury-Related Time Off for Tesla Workers Doubled in 2018

3/20/2019

Injuries per work hour at Tesla Inc. were roughly unchanged last year, but the average time spent off the job because of injuries nearly doubled, Bloomberg News reports.