NEWS

Report: Trump’s Auto Investment Revival Claim Is Short by $46 Billion

1/31/2018

President Donald Trump praises Fiat Chrysler Automobiles and Mazda-Toyota for making the auto industry’s first major investments in the U.S. in several years. Not so, says the Center for Automotive Research in Ann Arbor, Mich.

Lotus Plans SUV, Two New Sports Cars

1/31/2018

British carmaker Group Lotus plc tells Automotive News Europe it intends to introduce two new sports cars in 2020 and an SUV/crossover in 2022.

Faraday Future Sues Former Execs Over Trade Secrets

1/31/2018

Electric car startup Faraday Future Inc. claims in a lawsuit that two of its former executives stole trade secrets to help them set up their own EV company.

22nd Death Blamed on Takata Airbag Inflator Blast

1/30/2018

Exploding Takata Corp. airbag inflators have killed their 22nd person, this time the driver of a 2004 model Honda City minicar in Selangor, Malaysia.

SCG Aims to Reboot Classic Off-Roader

1/30/2018

Motorsports and performance specialist Scuderia Cameron Glickenhaus (SCG) LLC is developing an extreme off-road vehicle that it plans to launch in about two years.

UPDATE: Harley-Davidson Sales, Earnings Drop

1/30/2018

Retail sales by iconic motorcycle maker Harley-Davidson Inc. fell 10% to 42,100 units in the fourth quarter of 2017 and 7% to 242,800 units for the full year.

Ride-Hailing Service Grab Plans Self-Driving Taxis by 2022

1/30/2018

Singapore-based Grab Taxi Holdings Pte Ltd. says its ride-hailing service will introduce autonomous taxis—probably in Singapore—within five years.

Autoliv Posts Record-High Quarterly Sales

1/30/2018

Safety systems supplier Autoliv Inc. reports its net sales revenue in the fourth quarter of 2018 climbed 5% to an any-quarter record $2.7 billion.

VW Suspends Its Top Lobbyist Over “Repulsive” Diesel Fumes Tests

1/30/2018

Volkswagen AG has suspended Thomas Steg, heads of external relations and sustainability, over revelations about VW-backed research that exposed humans and monkeys to diesel fumes.

Eurozone’s GDP Growth at 10-Year High

1/30/2018

Europe’s 19-member eurozone grew 2.5% last year, its fastest pace in a decade, according to Eurostat.