NEWS

GM Recalls 230,000 Vehicles to Fix Brake Defect

9/12/2018

General Motors Co. is recalling 230,000 late-model vehicles in the U.S. and Canada to remove hydrogen gas from brake lines that could give the brake pedal a spongy feel.

JLR Chief Warns of “Horrifying” Brexit Outcome

9/11/2018

Jaguar Land Rover CEO Ralf Speth says a failure by the U.K. to negotiate a good exit from the European Union would destroy the company’s profits and push it out of the country.

Still No Results on Canada-U.S. NAFTA Talks

9/11/2018

Trade negotiators made little apparent headway today in their latest meeting about how to include Canada in a tentative deal between the U.S. and Mexico to update the North American Free Trade Agreement.

Ford Readies Hybrid Versions of European Transit Van

9/11/2018

Ford Motor Co. will unveil a mild-hybrid version of its Transit commercial van and a plug-in hybrid variant of the smaller Transit Custom model later this month.

New VinFast Models Repurpose Old Bimmer Platforms

9/11/2018

Vietnam-based VinFast’s first vehicles, a midsize car and SUV/crossover, will be based on BMW AG’s previous-generation 5 Series sedan and X5 crossover, respectively.

UPDATE: Volvo, Daimler Idle U.S. Plants as Hurricane Approaches

9/11/2018

Volvo Car Corp. and Daimler AG have suspended operations at their newly opened assembly facilities outside Charleston, S.C., ahead of the approach of Hurricane Florence.

Judge Slams VW Defense in Diesel Cheating Lawsuits

9/11/2018

The German judge handling investor complaints about Volkswagen AG’s diesel cheating scandal was bluntly skeptical today about several key elements of the company’s defense, Bloomberg News reports.

Car Wholesales in China Fell 5% in August

9/11/2018

Factory shipments of new passenger vehicles in China shrank 5% to 1.7 million units in August, the China Assn. of Automobile Manufacturers reports.

Solid-State Battery Developer Lands $20 Million in Funding

9/11/2018

Louisville, Colo.-based Solid Power, a startup developer of solid-state batteries for electrified vehicles, says it has closed a $20 million Series A investment round.

Penny Hughes Appointed to Chair Aston Martin

9/11/2018

Penny Hughes has been named chairman of Aston Martin Lagonda Global Holdings plc ahead of the luxury marque’s planned initial public stock offering.