NEWS

Jaguar Eyes Second Sports Car

5/21/2018

Jaguar Land Rover Ltd.’s Jaguar unit is evaluating the potential of a second sports car to complement the current F-Type two-seater.

Hyundai Mobis Targets Autonomous Vehicle Sensors

5/21/2018

Hyundai Mobis Co. is developing several sensor technologies for autonomous vehicle systems.

Tesla Stockholders Urged to Install Independent Chairman

5/21/2018

Tesla Inc. should replace two of its board members and relieve CEO Elon Musk of his duties as chairman, proxy advisory giant Institutional Shareholder Service suggests.

PSA Teams with Engineering School to Reduce Engine Development Time

5/21/2018

PSA Group is launching a research partnership with French engineering school Ecole Centrale de Nantes to reduce the cost and time of developing next-generation powertrains.

Tesla Model 3 Stumbles in Consumer Reports Tests

5/21/2018

Consumer Reports magazine says it cannot recommend the new Tesla Model 3 electric sedan because the car’s inconsistent braking, stiff ride, uncomfortable rear seats and difficult-to-use touchscreen controls.

Aston Martin’s Pretax Profit Plunges 50%

5/21/2018

Aston Martin Lagonda Ltd. reports its pretax profit in the first quarter of 2018 shrank to £2.8 million ($3.8 million) from £5.5 million in the same period last year.

China’s GAC Targets International Growth

5/21/2018

China’s Guangzhou Automobile Group Co. (GAC) is creating two new units to manage and grow its overseas business.

Hyundai Drops $8.8 Billion Restructuring Plan

5/21/2018

Hyundai Motor Corp. has dropped a proposed $8.8 billion merger involving two of its affiliates because of opposition by activist hedge fund Elliott Management Corp.

U.S. Puts China Trade Sanctions on Hold

5/21/2018

The U.S. has suspended plans to impose as much as $150 billion in tariffs on Chinese goods in exchange for China’s pledge to “significantly increase” its purchase of American goods and services.

Tesla Plans $78,000 Hot-Rod Version of the Model 3

5/21/2018

Tesla Inc. is readying a high-powered version of its Model 3 electric sedan that can sprint to 60 mph in 3.5 seconds and reach a top speed of 155 mph.