NEWS

VW Brand to Skip Paris Auto Show

5/17/2018

Volkswagen AG’s namesake brand has decided not to participate in this year’s Paris auto show, which begins in early October.

BMW Opens Third R&D Center in China

5/17/2018

BMW AG has officially opened a new research and development center in Beijing, marking the company’s third such facility in China.

Honda Odyssey Wins Award for Steel Innovation

5/17/2018

The Steel Market Development Institute (SMDI) awarded its “Automotive Excellence Award” to Honda Motor Co. for the use of advanced high-strength steel in the 2018 Odyssey minivan.

April Car Sales Jump 10% in Europe

5/17/2018

New passenger vehicle registrations across Europe grew 10% to 1.35 million units in April, thanks to strong growth in the region’s smaller markets, trade group ACEA reports.

Report: Tesla May Need $10 Billion by 2020

5/17/2018

Tesla Inc. may need to raise more than $10 billion in fresh capital by 2020 to pay for new product development and launch production in China, says Goldman Sachs Group.

Mobileye Inks Supply Deal for 8 Million Cars Self-Driving Cars

5/17/2018

Intel Corp.'s Mobileye unit has signed a deal to supply its next-generation autonomous driving chip platform to an unnamed European carmaker that plans to add it to 8 million vehicles.

Japan’s Economy Ends Two Years of Steady Growth

5/17/2018

Japan’s gross domestic product contracted by 0.2% in January-March, ending a two-year run of continuous expansion, according preliminary government data.

Feds Probe Another Tesla Crash Involving Autopilot Feature

5/17/2018

Federal investigators are looking into another crash involving a Tesla Model S electric sedan that was operating in semi-autonomous mode.

NAFTA Misses Fast-Track Deadline, but Talks Continue

5/17/2018

Trilateral talks to update NAFTA will continue, even though negotiators failed to meet today’s deadline to ensure fast-track review by the current U.S. Congress.

Ford Relaunching F-150 Production after Supplier Fire

5/16/2018

Ford Motor Co. expects to resume production of its F-Series pickup trucks, the company’s top selling and most profitable line, on Friday after a supplier plant fire idled output a week ago.