NEWS

Delphi, Transdev to Partner on European Autonomous Shuttle Service

6/7/2017

Delphi Automotive plc and Transdev Group, a Paris-based consultancy and public transport provider, plan to jointly develop an automated mobility-on-demand shuttle service.

ZF Touts Integrated Center Airbag

6/7/2017

ZF Friedrichshafen AG has developed a seat-mounted airbag system to help prevent front-seat occupants from bumping into each other or hitting hard surfaces during side collisions.

Tesla Model 3’s Only Options for Now: Color and Wheels

6/7/2017

Tesla Inc. says it aims to speed the launch of its $35,000 Model 3 electric sedan by limiting initial options to body color and wheel style.

Canadian Software Company to Acquire Covisint

6/7/2017

Canadian software company OpenText Corp. has agreed to buy Covisint Corp., the Southfield, Mich.-based provider of cloud-based secure intranets, for US$103 million.

Report: Uber Dismisses Nearly Two Dozen Employees in Harassment Probe

6/6/2017

Uber Technologies Inc. has fired more than 20 staffers related to an investigation into dozens of sexual harassment claims, a source tells Bloomberg News.

Hyundai Fires U.S. Sales Chief

6/6/2017

Hyundai Motor Co. has fired Derrick Hatami, 44, who had led its sales effort in the U.S. since September 2015, Automotive News reports.

Lyft Partners with NuTonomy on Self-Driving Car Tests in Boston

6/6/2017

Ride-hailing service Lyft Inc. and autonomous-car startup NuTonomy Inc. hope within a few months to begin giving rides in self-driving cars to Lyft customers in Boston.

South Africa Slips into Recession

6/6/2017

South Africa’s gross domestic product shrank by 0.7% in January-March, dragging Africa’s third-largest economy into its first recession since 2009.

GM Shareholders Reject Einhorn’s Stock Split Plan

6/6/2017

General Motors Co. shareholders rejected by a 9:1 margin a proposal by investor David Einhorn to create two forms of GM common stock in a bid to unlock value in the company.

Capito Rejoins VW to Lead “R” Performance Team

6/6/2017

Volkswagen AG has hired motorsports veteran Jost Capito to head the carmaker’s R performance program.