NEWS

Renault Aims for 5X Sales Growth in China

11/2/2017

Renault SA says seven new models will lead its effort to multiply sales in China fivefold to 400,000 units by 2020.

Partners to Assess Cybersecurity Risks to U.S. Transportation Systems

11/1/2017

The Southwest Research Institute (SwRI) has received a $750,000 contract to help state and local agencies identify and reduce cybersecurity risks on current transportation systems and safeguard future self-driving connected cars.

Tesla Swings to a Record Loss on Model 3 Delays

11/1/2017

Tesla Inc. posted a net loss of $619 million in for July-September, its largest quarterly loss ever.

Ford, Roush Team Up on High-Output Supercharger Kit

11/1/2017

Ford Motor Co. and Roush Enterprises Inc. have developed a supercharger kit for the 5.0-liter Coyote V-8 engine offered in the carmaker’s Mustang GT muscle car and F-150 pickup truck.

UPDATE: U.S. Car Sales Dip 1%

11/1/2017

Deliveries of passenger cars and light-duty trucks in the U.S. slipped to 1.35 million units last month compared with 1.37 million in October 2016, Autodata Corp. reports.

Schaeffler Adds Hybrid System Capabilities to Ohio Plant

11/1/2017

Schaeffler AG is investing $60 million to retool its plant in Wooster, Ohio, to make hybrid modules for an unnamed carmaker in the U.S. next year.

Fed Leaves Interest Rates Unchanged

11/1/2017

Today the Federal Reserve opted to leave overnight lending rates in the U.S. unchanged at 1%-1.25% but hinted it might raise them before year-end.

Honda’s Operating Profits Fall on Airbag Recall Costs

11/1/2017

Honda Motor Co.’s net income slipped 2% to 174 billion yen ($1.5 billion) in the fiscal second quarter ended Sept. 30.

Maruti Suzuki Targets 25% Sales Growth by 2020

11/1/2017

Maruti Suzuki India Ltd., India’s largest carmaker, aims to hike its annual vehicles sales to 2 million units by 2020 from 1.6 million in the fiscal year ended March 31.

Redesigned Jeep Wrangler Breaks Cover

11/1/2017

Fiat Chrysler Automobiles NV’s 2018 Jeep Wrangler SUV will feature several evolutionary design changes but maintains the iconic nameplate’s rugged, open-air persona.