Category: Automotive

Tesla’s head of Autopilot leaves, ex-Apple exec to succeed

(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company. An advertisement promotes Tesla Autopilot at a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Pete Bannon, who… Continue reading Tesla’s head of Autopilot leaves, ex-Apple exec to succeed

Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

News Press Release News Group Wolfsburg, 26 April 2018 Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter The Volkswagen Group is off to a good start for the new fiscal year. Supported by record unit sales in the first quarter, Group sales revenue rose… Continue reading Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

March decline for UK car manufacturing as industry repeats call for continued membership of customs union

147,471 cars roll off UK production lines in March, down -13.3% on same month in 2017. Output for home market falls for eighth consecutive month, by -17.7%, with exports also dropping -11.9%. Q1 manufacturing down -6.3% year on year to 440,426 units, with eight in 10 shipped overseas. SMMT restates need to maintain frictionless UK-EU… Continue reading March decline for UK car manufacturing as industry repeats call for continued membership of customs union

Nissan CEO says ‘no merit’ in merger with Renault

Sources told Reuters in March that the automakers were discussing plans for a closer tie-up in which Nissan would acquire the bulk of the French state’s 15 per cent Renault holding. Nissan Motor Co’s chief executive dismissed the idea of merging the Japanese automaker with its alliance partner Renault, emphasizing the importance of independence as… Continue reading Nissan CEO says ‘no merit’ in merger with Renault

LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP

EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP

(LEAD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(ATTN: CHANGES headline and lead; ADDS details throughout) SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. Net profit for the three months ending March 31 fell to 731.6 billion… Continue reading (LEAD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

New Bosch diesel tech to ‘fix’ NOx problem

Industry by Sam Sheehan, Autocar UK Apr 26, 2018 Bosch has revealed details of new technology that it claims can drastically reduce nitrogen oxide levels in diesel cars, essentially fixing the problem that has caused their recent downturn. Diesel sales have tumbled in recent months as regulators aim to lower output of NOx, which is associated… Continue reading New Bosch diesel tech to ‘fix’ NOx problem