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Trump Levies Steel, Aluminum Tariffs, Spares Canada and Mexico
3/8/2018President Donald Trump has followed through with his promise to impose punitive import tariffs on aluminum and steel of 10% and 25%, respectively.
VW to Launch I.D. Vizzion EV by 2022
3/8/2018Volkswagen AG plans to introduce a production version of its sleek I.D. Vizzion electric vehicle concept by 2022.
Magna Opens European Composites Center
3/8/2018Magna International Inc. has opened a Composites Center of Excellence in Esslingen, Germany.
Humanetics Buys Austrian Test Equipment Firm
3/8/2018Michigan-based crash test dummy maker Humanetics Innovative Solutions Inc. has acquired DSD GmbH’s Testing subsidiary.
India Poised to Ease EV Target
3/8/2018India, which indicated last May it would ban the sale of all non-electric vehicles by 2030, is now readying a more realistic target of 30% EV sales by then.
SUVs Drive Record Revenue for BMW
3/8/2018BMW AG says strong demand for its lineup of SUV/crossover vehicles helped it increase sales in 2017 by 4% to a record 2.46 million units.
Hyundai Recalls Sonata Sedans Equipped with Faulty Airbag Controllers
3/8/2018Hyundai Motor Co. is recalling 155,000 of its Sonata midsize sedans in the U.S. to fix a short circuit issue that could prevent the airbags from deploying and seatbelts from tightening in a crash.
Ferrari to Launch Hybrid V-8 Model Next Year
3/8/2018Ferrari SpA plans to launch a hybrid vehicle in mid-2019 that teams a high-powered V-8 engine with an electric motor, says CEO Sergio Marchionne.
Linamar Posts Record Sales, Earnings
3/8/2018Canada’s Linamar Corp. boosted sales 15% to a record C$6.5 billion ($5 billion) last year.
Braeuetigam to Lead JLR Sales and Marketing
3/8/2018Jaguar Land Rover Ltd. has promoted marketing chief Felix Braeuetigam to the new position of chief commercial officer, adding the duties of departing sales operations director Andy Goss.