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Moody’s Lowers Ford’s Credit Rating to One Step Above Junk
8/29/2018Moody’s Investors Service has dropped its credit rating for Ford Motor Co. by one notch to Baa2, its lowest investment-grade.
Hyundai to Ship Cars from China to Southeast Asia
8/29/2018Hyundai Motor Co. plans to supply cars to markets in southeast Asia from its factories in China, Reuters reports.
Next-Gen Nissan Juke Emboldens Its Own Style
8/29/2018Nissan Motor Co. says the design of the all-new Juke mini-crossover will be as radical as the first-generation model, but in a different way.
Ford Waivers on Name of Mustang-Based Electric Crossover
8/29/2018Following negative public feedback, Ford Motor Co. appears to be backing off the potential for using its iconic Mach 1 name for a Mustang-inspired electric crossover vehicle the company plans to launch in 2020.
Geely Adding Capacity for Larger Vehicles
8/29/2018Zhejiang Geely Holding Group Co. is erecting a second factory in Ningbo, China, that will produce as many as 250,000 relatively large vehicles per year, sources tell Reuters.
U.S. Economy Expanded 4.2% in Second Quarter
8/29/2018Real gross domestic product in the U.S. grew at an annualized 4.2% in the second quarter, up from a preliminary estimate of 4.1%. It was the strongest spurt in nearly four years.
Parkopedia Forms JV with China’s Zhitu Map
8/29/2018London-based Parkkopedia Ltd. plans to form a joint venture with China’s Zhitu Map to expand its parking locator business in China.
Mahindra Seeks to Block Jeep Lookalike Case in U.S.
8/29/2018Mahindra & Mahindra Ltd. has asked a U.S. federal court in Michigan to block a complaint by Fiat Chrysler Automobiles NV that its Roxor two-seat SUV is a copy of FCA’s Jeep CJ-series SUV.
Ford U.K. Plant Launches Inspection Drones
8/29/2018Ford Motor Co. has begun using flying drones at a U.K. engine plant to inspect support structures inside the tallest part of the facility.
Aston Martin Files for IPO
8/29/2018Aston Martin Holdings Ltd. has filed documentation with the U.K.'s Financial Conduct Authority with the intent of tendering an initial public stock offering by year-end.