NEWS

Canada, U.S. Resume NAFTA Talks Today

9/19/2018

Top trade envoys from the U.S. and Canada are scheduled to resume high-level talks today in Washington, D.C., in a renewed effort to reach agreement on a deal to update NAFTA.

SEAT Goes Upscale with Tarraco SUV

9/19/2018

Volkswagen AG’s low-price SEAT brand aims to retain customers as they become more affluent with its most expensive model ever: the new flagship Tarraco SUV.

EC Opens Emission Collusion Probe Against BMW, Daimler, VW Group

9/18/2018

The European Commission says it has begun an in-depth investigation into whether BMW, Daimler and Volkswagen Group colluded to avoid competing in the development emission control technologies in Europe.

Porsche, Hyundai Invest in Augmented Reality Developer

9/18/2018

WayRay SA, a Lausanne, Switzerland-based developer of holographic augmented reality head-up display systems, has raised $80 million in its latest funding round.

Kia Niro EV Gets 300-Mile Range in European Test

9/18/2018

Kia Motors Corp. says the all-electric variant of its Niro crossover vehicle will have a driving range of 301 miles on Europe’s WLTP cycle.

China Announces Another $60 Billion in Tariffs on U.S. Goods

9/18/2018

China says it will begin collecting tariffs on $60 billion worth of goods from the U.S. on Sept. 24.

Brexit Prompts BMW to Reset Maintenance Work on Mini Plant

9/18/2018

BMW AG says it will move up next year’s routine maintenance work on its main Mini plant in Oxford, England, to avoid possible production problems caused by the U.K. leaving the European Union.

Ferrari Revs Up Special-Edition Speedsters

9/18/2018

Ferrari SpA unveiled its Monza SP1 and SP2 speedsters this week in Italy following leaked images from a customer event on Monday.

Report: Tesla Faces Criminal Fraud Investigation

9/18/2018

The U.S. Dept. of Justice has opened a probe into possible criminal fraud by Tesla Inc. regarding last month’s statement by CEO Elon Musk that he had secured funding to take the company private, sources tell Bloomberg News.

Ferrari Plans 15 New Models by 2022

9/18/2018

Ferrari NV tells investors it will introduce 15 new models between 2019 and 2022, adding that it expects a “significantly” higher average selling price for them.