NEWS

U.S. Senate Tax Plan Would Retain EV Credit

11/10/2017

The tax reform plan unveiled on Thursday by the U.S. Senate would maintain the current $7,500 tax credit for buyers of electric vehicles.

REPORT: Hyundai May Add 2 SUV Models at U.S. Plant

11/10/2017

Hyundai Motor Co. plans to add production of its Kona and Tucson SUV/crossover vehicles at its plant in Montgomery, Ala. by 2021, sources tell the Seoul Economic Daily.

Audi to Build Test Plant for E-Diesel Fuel

11/9/2017

Audi AG plans to construct a pilot facility in Laufenburg, Switzerland, to produce and test a newly developed synthetic diesel (e-diesel) fuel.

Honda Says U.K. Plant Can’t Afford 10% Post-Brexit Tariff

11/9/2017

Honda Motor Co. warns it won’t be able to afford the 10% tax on cars it exports from England that will result if the U.K. fails to negotiate a better trade deal when it exits the EU in March 2019.

Devilish 5,000-hp Supercar on Tap for Dubai Auto Show

11/9/2017

Four years after announcing the project, Defining Extreme Vehicles Car Industry LLC (Devel) plans to publicly unveil its 5,000-hp supercar at next week’s Dubai auto show.

Magna’s Revenue Climbs 7%, but Profits Stall

11/9/2017

Magna International Inc. says its third-quarter revenue grew to US$9.5 billion from $8.8 billion in the same period last year.

Autonomy 101: Teachable Accidents

11/9/2017

On the first day of a year-long pilot program in Las Vegas, Navya Technologies’ driverless shuttle bus was hit by a delivery truck.

2019 Mercedes CLS to Get L.A. Reveal

11/9/2017

Daimler AG’s Mercedes-Benz unit will officially unveil the third-generation CLS-Class sedan later this month at the Los Angeles auto show.

Opel Details Turnaround Plan

11/9/2017

Adam Opel AG aims to cut its sales breakeven point 30%, roll out four electrified models and achieve a positive operating margin—all by 2020.

Via Transport Expands Micro-Transit Service

11/9/2017

New York City-based Via Transportation Inc. is expanding its four-year-old ride-sharing service to Arlington, Tex., and West Sacramento, Calif.