NEWS

EU: No Sales Quotas Coming for EVs

8/8/2017

The European Union tells reporters it has no interest in imposing sales quotas for electric vehicles to help accelerate their adoption.

Renault Launches Another Carmaking Partnership in Iran

8/8/2017

Renault SA is launching a venture with Iran’s Industrial Development & Renovation Organization (IDRO) and a local Renault importer Parto Negin Nasheh Co. to build cars for the domestic market.

Ford’s Sales Fall 7% in China

8/8/2017

Ford Motor Co. says its vehicle sales in China dropped 7% to 84,500 units in July, as shrinking demand for the company’s passenger vehicles offset a surge in commercial truck deliveries.

Mercedes AMG to Launch New “53” Series Lineup

8/7/2017

Daimler AG’s Mercedes-Benz unit will launch a new designation for its AMG performance sub-brand next year with the Mercedes-AMG CLS53.

Faraday Future Shifts EV Production Plans to California

8/7/2017

Struggling electric vehicle startup Faraday Future Inc. has signed a lease on a manufacturing facility in Hanford, Calif., a month after pulling the plug on a planned $1 billion plant in North Las Vegas.

Tesla Team Sets EV Driving Range Record of 670 Miles

8/7/2017

A Tesla owners group says it set a new range record for a production electric vehicle by driving a Model S 100D sedan 1,078 km (about 670 miles) over the weekend on public roads in southern Italy.

Hyundai’s Genesis Luxury Brand Eager to Go Its Own Way

8/7/2017

Hyundai Motor Co.’s upscale Genesis brand is eager to set up its own dealer network in the U.S. now, not over several years as originally scheduled.

Plug-in Hybrid Bimmer Roadster to Get L.A. Debut

8/7/2017

BMW AG will unveil the production version of a convertible variant of its i8 plug-in hybrid sports car at the Los Angeles auto show in November.

Growth in China’s SUV Market Expected to Slow This Year

8/7/2017

Growth in demand for SUV/crossover vehicles in China is likely to slow to 20% from 44% last year, says the China Assn. of Automobile Manufacturers.

Fuel Purchases Hit 2Q High in South Korea

8/7/2017

Falling oil prices spurred South Korea’s consumption of gasoline and diesel fuel to climb to a second-quarter record this year, The Korea Herald reports, citing government data.