NEWS

Supercar Maker Approved for Low-Volume U.S. Production

7/20/2017

Italy’s Scuderia Cameron Glickenhaus (SCG) LLC has been approved to operate as a low-volume manufacturer by the U.S.

Car Leasing Dips in U.S. for First Time in Four Years

7/20/2017

The booming U.S. car-lease market shrank in the first half of 2017, marking its first decline in four years, reports online car-buying service Edmunds.com.

Car Sales Drop 11% in India

7/20/2017

Passenger car wholesales in India fell 11% to 186,000 units in June, ending six months of strong year-on-year growth. But LMC Automotive says volume will soon revive and could end the year with a 10% gain.

Report: BMW Favors U.K. for Electric Mini

7/20/2017

BMW AG would prefer to produce an all-electric version of its Mini small car at its main Mini factory in Oxford, England, than outsource the car to facilities in Europe, sources tell Reuters.

Volvo Car’s Operating Profit Jumps 21%

7/20/2017

Volvo Car Corp.’s operating profit in the first half of 2017 surged 21% to 6.8 billion kronor ($819 million), the Swedish carmaker’s best January-June result in six years.

VW Group Sales Rise 4%

7/19/2017

Volkswagen AG reports its group sales reached 920,700 units in June, up 4% from 883,300 vehicles in the same month last year.

Former Tesla Engineers Launch Mapping Startup for Self-Driving Cars

7/19/2017

Lvl5, a Redwood City, Calif.-based startup specializing in high-definition maps for autonomous vehicles, was formally launched Wednesday with initial funding of $2 million.

Ashok Leyland, Sun Mobility Form EV Venture in India

7/19/2017

Truckmaker Ashok Leyland Ltd. has formed an alliance with Sun Mobility Pvt., promoter of a quick-exchange electric-car battery system, to develop electric buses and eventually electric light-duty commercial vehicles.

Nissan Touts Integrated Brake/Accelerator “e-Pedal” in New Leaf EV

7/19/2017

Nissan Motor Co. says its next-generation Leaf electric car that launches this autumn will have an integrated e-Pedal system that allows drivers to control vehicle speed and come to a complete stop—in most situations—with a single foot pedal.

GM Cleared in Lawsuit Over Ignition Switch Update

7/19/2017

A General Motors Co. replacement ignition switch for the defective original unit didn’t cause a crash in Arizona, says the jury in a federal court in New York City.