Study: Nearly 60% of EV Sales in 2035 Will Be in China
7/19/2018Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.
Trump Floats Bilateral Trade Pact with Mexico
7/19/2018President Donald Trump, reviving his threat to dump NAFTA, says the U.S. may strike a bilateral deal with Mexico and negotiate a similar pact with Canada “at a later time.”
Online Travel Giant Invests $500 Million in DiDi Chuxing
7/18/2018Bookings Holding, which operates a variety of travel-related web sites, has invested $500 million in Chinese ride-hailing giant DiDi Chuxing Technologies Co.
Aston Martin Concept Takes Aim at the Sky
7/18/2018Aston Martin Lagonda Ltd. unveiled an autonomous commuter plane concept this week at the U.K.’s Farnborough Airshow.
BMW Mobility App Adds Ride-Hailing Service
7/18/2018BMW AG is adding a ride-hailing feature to its ReachNow car-sharing app in select U.S. cities, starting this week with a pilot program in Seattle.
Hyundai Adds Digital Showroom to Amazon Site
7/18/2018Hyundai Motor Co. has launched a digital showroom on Amazon.com’s vehicle research portal, becoming the first carmaker with such a page on the online car buying site.
Tesla Owners in Germany Ordered to Return Subsidy
7/18/2018Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
Conti Restructures, Readies IPO for Powertrain Unit
7/18/2018Continental AG is restructuring as a holding company and preparing to launch an initial public offering for its Powertrain division.
Ford Recalls 549,100 Vehicles to Fix Gear Shift Defect
7/18/2018Ford Motor Co. is recalling 549,100 small cars and SUVs in North America to fix a flaw that could put the transmission in a gear other than the one intended by the driver.
Police Arrest Fake BYD Advertising Executive
7/18/2018Police in China have arrested a woman accused of posing as a BYD Co. executive who for three years ordered but didn’t pay for company advertising.