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Waymo Begins Testing Self-Driving Vehicles without Backup Drivers
3/14/2018Alphabet Inc.’s Waymo autonomous driving development unit is offering test rides for consumers in a self-driving Chrysler Pacifica hybrid-electric minivan that has no backup driver onboard.
PSA Retools China Strategy
3/14/2018PSA Group aims to correct misjudgments that caused its sales in China to plummet 48% over the past three years, Automotive News Europe reports.
Evelozcity Targets 2021 Launch for EV
3/14/2018Los Angeles-based electric vehicle startup Evelozcity Inc. aims to launch its first vehicle in 2021.
UPDATE: Toyota Raises Worker Compensation 3% in Japan
3/14/2018Toyota Motor Corp. has agreed to raise the monthly wages and other benefits for its hourly workers in Japan by 11,700 yen ($110), or 3.3%.
Renault-Nissan-Mitsubishi Names Team Leaders to Drive Synergies
3/14/2018The Renault-Nissan-Mitsubishi alliance has appointed leaders and other key members to the nine business teams the group identified earlier this month to further integrate the three carmakers’ operations.
Toyota Readies Next-Gen RAV4
3/14/2018Toyota Motor Corp. will introduce the fifth-generation of its hot-selling RAV4 crossover vehicle at next month’s New York auto show.
VW Aims to Capture 5% of U.S. Market in 10 Years
3/14/2018Volkswagen AG, which currently accounts of 2% of the U.S. car market, hopes that new products and a fresh promotional approach will help its VW brand reach 5% a decade from now.
Dana Woos GKN Investors with Secondary Stock Listing Option
3/14/2018U.S.-based Dana Inc. is offering to make a secondary listing of its stock in London to cinch its $6.1 billion offer to buy British engineering firm GKN plc’s drivetrain business.
U.S. Charges Fifth Person in FCA Training Funds Scandal
3/14/2018Federal authorities have charged Keith Mickens, a former United Auto Workers union official, with siphoning funds intended for a worker training center operated by the UAW and Fiat Chrysler Automobiles NV.
Tesla’s Financial Chief Quits
3/14/2018Susan Repo, Tesla Inc.’s treasurer and vice president of finance, has left the company, a source tells Bloomberg News.