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Hino Trucks N. America Appoints New CEO
2/22/2019Toyota Motor Corp.’s Hino Trucks affiliate has named Shigehiro Matsuoka as CEO and president of the company’s North American operations.
Self-Driving Apple EV Back On?
2/22/2019Apple Inc. has built several prototype self-driving electric vans that use internally designed batteries and electric motors, sources tell Manager Magazin.
Delivery Robots Nudging in on Sidewalk Traffic
2/22/2019A growing fleet of tiny, last-mile delivery robots are beginning to hit the sidewalks in Beijing, London, Seattle and other busy international cities, Scientific American reports.
AutoNation Names New CEO
2/22/2019AutoNation Inc., the biggest car dealership chain in the U.S., has chosen Carl Liebert as its new president and CEO, effective March 11.
Magna’s Quarterly Sales Hit Record High as Profits Drop
2/22/2019Magna International Inc.’s revenue grew 5% to a record US$10.1 billion in the fourth quarter of 2018. But net income fell 18% to $456 million.
BMW, Daimler Will Invest $1.1 Billion in Mobility JV
2/22/2019BMW AG and Daimler AG intend to invest more than €1 billion ($1.1 billion) in the 50:50 joint venture that combines their ride-hailing, parking and electric car-charging services.
Truck Sales in Europe Climb 6%
2/22/2019January deliveries of commercial trucks across Europe rose 6% to 206,200 units in January, buoyed by gains in all categories, trade group ACEA reports.
Delphi Technologies Posts 26% Income Gain
2/22/2019Powertrain specialist Delphi Technologies plc reports that its net income surged 26% to $358 million in 2018. Revenue was flat at $4.9 billion.
Europe Readies Mandatory Safety Systems Rule
2/22/2019Europe is weeks from finalizing legislation that would require new cars to be equipped with such safety systems as automatic emergency braking, lane departure warning and distracted driver detection by 2022.
Volvo Bond Issue Raises $214 Million
2/22/2019Volvo Car Corp. has raised 2 billion kronor ($214 million) in a bond issue to help develop electrified powertrains and autonomous vehicles.