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BMW Exec Touts Diesel Benefits
10/15/2018Diesel engines will play a significant role in BMW AG’s powertrain strategy for the foreseeable future.
Lacks Enterprises Buys Carbon Wheel Developer
10/15/2018Grand Rapids Mich.-based Lacks Enterprises Inc. has acquired Emergent Carbon Wheels, a Kansas City-based startup that was formed in 2012.
Mobility-as-a-Service Market to Total $11 Billion by 2023
10/15/2018Juniper Research Ltd. forecasts that revenues from Mobility-as-a-Service (MaaS) platforms that integrate multi-modal transport options will balloon to more than $11 billion worldwide by 2023 from an estimated $100 million this year.
Opel Facilities Raided in Diesel Probe
10/15/2018German prosecutors descended on Opel facilities in Kaiserslautern and Russelsheim today as part of a continuing investigation into diesel emission cheating.
Porsche Discounts CFO’s Hint of IPO Plan
10/15/2018Porsche AG has refuted comments by its chief financial officer that hinted the Volkswagen Group brand might float an initial public offering.
U.K. Developers Seek Investors for Speed Record Attempt
10/15/2018Bloodhound Programme Ltd., the U.K.-based company that aims to break the land speed record, has gone into administration and says it needs to raise £25 million ($32.9 million) to continue operations.
GM Rolls Out Extended-Warranty Offer
10/15/2018General Motors Co. is offering optional extended-warranty coverage on its Cadillac, Chevrolet, Buick and GMC brand vehicles in the U.S.
Hyundai to Supply Fuel Cell Vehicles in France
10/15/2018Hyundai Motor Co. says it will supply 5,000 fuel cell-powered vehicles to fleets in France by 2025.
BMW: U.S.-China Trade War Could Cut Earnings €500 Billion
10/15/2018BMW AG estimates that its earnings could drop €500 million ($578 million) in 2019 is the trade war between the U.S. and China persists.
Minicar Sales Slump in S. Korea
10/15/2018Sales of minicars in South Korea sagged in September to a 10-year-low of 8,600 units, according to domestic producers.