NEWS

Mercedes GLE Crossover Sizes Up, Adds Tech

9/12/2018

Daimler AG’s 2020 Mercedes-Benz GLE-Class midsize crossover vehicle is loaded with new technologies and is larger and more fuel-efficient than the current model.

PSA Aims to Hike Used-Car Sales by One-Third

9/12/2018

PSA Group’s used-car business hopes to boost its unit sales to 800,000 vehicles by 2021 from and expected 600,000 this year.

Report: Magneti Marelli Sale Talks Stalled over Price

9/12/2018

Fiat Chrysler Automobiles NV is asking for more than €6 billion ($7 billion) for its Magneti Marelli car parts business from would-be buyer KKR & Co., sources tell Bloomberg News.

Lexus ES to Use Cameras in Place of Side Mirrors in Japan

9/12/2018

Toyota Motor Corp.’s Lexus unit is introducing a rearview camera system that will take the place of traditional side mirrors on the redesigned ES sedan in Japan.

VW Warns of Higher Costs to Develop EVs

9/12/2018

CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.

Nissan Buys Stake in Formula E Team

9/12/2018

Nissan Motor Co. has made an unspecified investment in the e.dams team that competes in the Formula E electric car race series, which will kick off its fifth season in December.

Racing Entrepreneur Don Panoz Dies

9/12/2018

Don Panoz, who started the American Le Mans Series (ALMS), died on Tuesday at the age of 83 from pancreatic cancer.

EU Committee Backs Tougher CO2 Standards

9/12/2018

The European Parliament’s environmental committee has endorsed proposals that would lower allowable carbon dioxide emissions from passenger cars by 20% in 2025 and 45% by 2030 compared with levels in 1990.

Nissan Phases Out Two Small Cars in Europe

9/12/2018

Nissan Motor Co. has stopped local production of its slow-selling Pulsar five-door hatch in Europe and will do the same later this year with its Almera sedan in Russia.

ITC Agrees to Consider Jeep Patent Complaint

9/12/2018

The U.S. International Trade Commission says it is launching an investigation into claims that Mahindra & Mahindra Ltd.’s Roxor SUV is a copy of the iconic Jeep CJ SUV.