Author: Bingborg Newsfeed

Nissan Slows Output After U.S. Demand Drop Led to Bloated Supply

Nissan Motor Co. is slowing production at several assembly plants to keep the supply of vehicles on U.S. dealers’ lots in check after being caught off guard by weaker consumer demand. Japan’s second-largest automaker is aiming to have a 50- to 60-day supply of cars and trucks in August, when dealers start transitioning to sell… Continue reading Nissan Slows Output After U.S. Demand Drop Led to Bloated Supply

Uber Autonomous Accident Video Shows Car Just Before Collision

Video of the fatal crash involving a self-driving Uber car shows the critical moments just before the vehicle makes contact with a pedestrian walking her bike across a dimly lit road. The release from Tempe, Arizona, police provides a startling piece of evidence in a case that could shape laws and public perceptions around driverless… Continue reading Uber Autonomous Accident Video Shows Car Just Before Collision

Chrysler Loses Bid to Dismiss Diesel Emission Cheating Claims

Fiat Chrysler Automobile NV’s U.S. unit was denied a quick escape from a lawsuit accusing the carmaker of rigging diesel engines with emissions control defeat devices similar to those installed in 11 million Volkswagens. A federal judge in San Francisco ruled Thursday that owners of 150,000 Dodge Ram and Jeep Grand Cherokee models across eight… Continue reading Chrysler Loses Bid to Dismiss Diesel Emission Cheating Claims

China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose

U.K. engineer GKN Plc agreed to sell its automotive unit to U.S.-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion… Continue reading GKN Seals $6.1 Billion Dana Autos Deal to Fend Off Melrose