NEWS

U.K. Selects Site for EV Battery Development Center

11/30/2017

The U.K. has chosen a site near Coventry to erect a complex that will develop manufacturing systems for next-generation electric car batteries.

OPEC to Extend Oil Production Quota through 2018

11/30/2017

Members of the Organization of the Petroleum Exporting Countries have agreed to extend their quotas on oil production through the end of next year.

GM to Deploy Self-Driving Vehicles by 2019

11/30/2017

General Motors Co. tells investors it expects to begin selling self-driving vehicles for use in urban areas, mainly as autonomous ride-share vehicles, by 2019.

Toyota Shows Another Off-Road Concept

11/30/2017

Toyota Motor Corp. took the wraps off the Future Toyota Adventure Concept (FT-AC) off-road model on Thursday at the Los Angeles auto show, marking the carmaker’s third such concept this year.

VW Predicts Another Record Sales Year

11/30/2017

Volkswagen AG says sales gains in Europe and China will help the group surpass last year’s record-high sales of 10.3 million vehicles.

Avis Budget Begins Test of Connected-Car Tech

11/30/2017

Avis Budget Group Inc. has begun a test that will enable all 5,000 vehicles in its rental fleet in Kansas City to communicate with each other and the company.

Extra, Extra: Volvo Launches XC40 Subscription Plan

11/30/2017

Volvo Cars Corp. is launching its Care by Volvo subscription service in Europe and the U.S. with the all-new XC40 compact crossover vehicle.

Tata Relaunches Nano as an EV

11/30/2017

Tata Motors Ltd. will reintroduce its ultra-low-cost Nano hatchback by year-end as an all-electric car called Neo.

S. Korean Energy Company Plans EV Battery Plant in Hungary

11/30/2017

Seoul-based oil refiner SK Innovation Co. says it will spend 840 billion won ($773 million) to launch electric-vehicle battery production in Hungary.

Daimler Rejects Geely’s Equity Bid

11/30/2017

Daimler AG has rebuffed an offer from China’s Zhejiang Geely Holding Group to buy as much as 5% of the German carmaker, sources tell Reuters.