China’s Nio Launches $1.3 Billion IPO in U.S.
8/29/2018Chinese electric-car startup Nio Ltd. has launched an initial public offering in the U.S. that could raise as much as $1.3 billion.
U.S. Trade Deal Would Cap Imports from Mexico
8/29/2018The tentative trade deal between the U.S. and Mexico includes a side deal that limits on how many duty-free cars Mexico can ship to the U.S., Reuters reports.
Subaru Plans $48 Million Tech Center Outside Detroit
8/29/2018Subaru Corp.’s r&d arm plans to open a 60,000-sq-ft technical center 20 miles west of Detroit.
Canada Rejoins Trade Talks
8/28/2018Canada’s top trade negotiators has joined her counterparts from the U.S. and Mexico in a final bid to revise the North American Free Trade Agreement, perhaps by the end of this week.
Ford Sets Up Unit to Add Zip to Its Product Lineup
8/28/2018Ford Motor Co. has created a new unit to make its product lineup more appealing, profitable and competitive.
Faraday Future Completes Pre-Production Model
8/28/2018Faraday Future Inc. has completed the first pre-production copy of its FF 91 electric SUV/crossover.
Lyft Takes Historic Detour to Celebrate Oregon Trail
8/28/2018As part of a new promotional campaign, ride-hailing giant Lyft Inc. is offering free horse-drawn covered wagon rides this week in downtown Portland to commemorate the 175th anniversary of the Oregon Trail.
Toyota’s China Expansion Could Hit 3.5 Million Units
8/28/2018Toyota Motor Corp. aims to more than triple its sales in China to 4 million units by 2030, sources tell Bloomberg News.
Hyundai, Wind River Target Integrated Software Platform
8/28/2018Hyundai Motor Co. and Wind River Systems Inc. plan to co-develop a streamlined software platform for advanced vehicle technologies.
Analysis: U.S.-Mexico Trade Deal Won’t Affect Most Cars
8/28/2018The tentative free-trade pact announced yesterday between the U.S. and Mexico would impact only about 30% of the 2.4 million vehicles the U.S. imports from Mexico annually, says Bloomberg News.