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Bosch Forms Mobility Services Unit, Acquires U.S. Ridesharing Startup
2/21/2018Robert Bosch GmbH’s newly formed Connected Mobility Solutions division will focus on car- and ridesharing services, connectivity and other “digital mobility” products.
Mitsubishi Corp. Confirms Plan to Hike Its Stake in MMC
2/21/2018Trading house Mitsubishi Corp. says it will double its stake in Mitsubishi Motors to 20% by buying a portion of shares held by two other members of the Mitsubishi Group.
Qualcomm Hikes Bid for NXP
2/21/2018Qualcomm Inc. has raised its bid to buy NXP Semiconductors NV to $44 billion in an effort to block its own acquisition by Broadcom Ltd.
Detroit Judge Rejects GM-Bosch Motion to Dismiss Lawsuit about Diesel Cheating
2/21/2018General Motors Co. and Robert Bosch GmbH have failed to quash a U.S. lawsuit that claims they used illegal software to evade diesel emission regulations.
Toyota Recalls Tundra Pickups, Sequoia SUVs
2/21/2018Toyota Motor Corp. is recalling about 65,000 trucks and SUVs to fix a software glitch that could disable the vehicle stability control system.
VW Loses Bid to Delay U.S. Trial on Diesel Emissions
2/20/2018A circuit court judge in Virginia has rejected Volkswagen AG’s request to delay a trial about claims that the company deceived buyers by touting its cheater diesels as environmentally friendly.
Faurecia Targets Fuel Cell Applications
2/20/2018Faurecia SA expects fuel cell vehicles to account for 2% of new vehicle sales worldwide by 2030.
Economic Outlook Dips in Germany
2/20/2018Optimism about Germany’s economy slipped this month among experts in the financial community.
China to Multiply Output of Bioethanol Fuels
2/20/2018China plans to expand its production and consumption of bioethanol fuel over the next three years to help reduce excess stockpiles of corn and grain.
Marchionne’s Compensation Tops €38 Million
2/20/2018Sergio Marchionne collected €38.7 million ($47.8 million) last year for his work as CEO of Fiat Chrysler Automobiles NV.