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Hyundai Readies Fuel Cell-Powered Commercial Truck
9/17/2018Hyundai Motor Co. plans to launch a fuel cell-powered commercial vehicle next year in Europe.
Report: FCA Ponders Other Buyers for Magneti Marelli
9/17/2018Fiat Chrysler Automobiles NV is considering other possible buyers for its Magneti Marelli partsmaking unit after KKR & Co. offered less than the €6 billion ($7 billion) minimum FCA sought.
VW Affirms EV Plans
9/17/2018Volkswagen AG plans to offer 27 all-electric models from its new MEB (Modular Electric Toolkit) architecture across is Audi, SEAT, Skoda and VW brands by 2022.
Saudi Fund Invests in EV Startup, Lucid Motors
9/17/2018Lucid Motors Inc., a California-based electric vehicle startup, says it has secured more than $1 billion from Saudi Arabia’s Public Investment Fund (PIF). A Reuters report last month indicated such a deal was being considered.
Audi Tests $1,400 Subscription Option in Texas
9/17/2018Audi AG is using five dealerships in Texas to test consumer interest in a subscription scheme that grants access to an array of cars and crossover vehicles for $1,395 per month.
Audi, BMW, Kia, Toyota Lead World “Car-of-the-Year” Contenders
9/17/2018The initial list of 35 vehicles vying for the 2019 World Car of the Year title includes four Audi models and three each from BMW, Kia and Toyota.
Caddy Puts Diesels on Back Burner in Favor of Electrification
9/17/2018General Motors Co.’s Cadillac unit is shelving plans to offer diesel-powered models.
Bosch, Daimler Test Autonomous Parking Valet in China
9/17/2018Daimler AG and Robert Bosch GmbH have expanded testing of their joint Automated Valet Parking system to the carmaker’s research and development center in Beijing.
Tesla Grapples with “Delivery Logistics Hell”
9/17/2018Tesla Inc., which is beginning to overcome months of production snags for its Model 3 electric sedan, now faces the logistics challenges of delivering cars to customers.
Geely Takes Control of Danish Bank
9/17/2018China’s Zhejiang Geely Holding Group has acquired 52% of Copenhagen-based Saxo Bank AS in a deal that values the online trading and investment bank at €1.3 billion ($1.5 billion).