NEWS

Hyundai, Baidu Partner on Connected Car Tech

7/12/2018

Hyundai Motor Co. and China’s Baidu Inc. have signed a memorandum of understanding to cooperate on next-generation connected car technologies.

BMW to Take Majority Stake in China JV

7/12/2018

BMW AG plans to increase its stake in its Chinese joint venture with Brilliance Automotive Group Holdings from 50% to as much as 75%, Germany’s Manager Magazin reports.

Report: BMW to Take Majority Stake in China JV

7/12/2018

BMW AG plans to increase its stake in its Chinese joint venture with Brilliance Automotive Group Holdings from 50% to as much as 75% Manager Magazin reports.

Oil Prices Plunge as Libya Boosts Exports

7/12/2018

Oil futures suffered sharp one-day declines on Wednesday over news that Libya plans to hike its petroleum exports.

Chinese Startup Denies It Received Stolen Data on Apple Car

7/12/2018

A Chinese electric-car startup company denies it has been given trade secrets by a former Apple Inc. engineer it hired three months ago.

EVs Likely to Strain U.K.’s Electrical Grid for Decades

7/12/2018

A surge in electric vehicles in the U.K. will challenge the performance of Britain’s electric grid between 2030 and 2050, warns the National Grid plc.

Ohio Breaks Ground on Test Center for Autonomous Vehicles

7/11/2018

The Transportation Research Center (TRC) in East Liberty, Ohio, has broken ground on the SmartCenter for autonomous and connected vehicles.

Ford Fusion Name to Move from Sedans to Sport Wagons

7/11/2018

Ford Motor Co. plans to phase out its slow-selling Fusion sedan in 2021 and assign the name to a new sport wagon, sources tell Bloomberg News.

Deutsche Post Explores Options to Build Electric Van Business

7/11/2018

Deutsche Post GHL Group has hired Goldman Sachs to help it decide whether to expand its StreetScooter electric van subsidiary, Reuters reports.

Stuttgart Will Begin Ban on Old Diesels in 2019

7/11/2018

Stuttgart, Germany, will begin banning older diesel-powered vehicles next year in an effort to meet air quality standards.