Category: Automotive

Nissan plans sale of Trading unit in $1 billion deal: Bloomberg

FILE PHOTO: A man is silhouetted at a show room of Nissan Motor Co. in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon/File Photo (Reuters) – Nissan Motor Co Ltd (7201.T) is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported on… Continue reading Nissan plans sale of Trading unit in $1 billion deal: Bloomberg

Press Releases – Passenger car registrations: -3.2% eight months into 2019; +1.4% in July and -8.4% in August

Brussels, 18 September 2019 – In July 2019, demand for new passenger cars increased by 1.4%, with almost 1.3 million units registered across the European Union. In July 2019, demand for new passenger cars increased by 1.4%, with almost 1.3 million units registered across the European Union. Looking at the five big Western European markets,… Continue reading Press Releases – Passenger car registrations: -3.2% eight months into 2019; +1.4% in July and -8.4% in August

Self-driving startup AutoX snags $100m led by Chinese state-owned Dongfeng Motor

AutoX, an autonomous driving firm dual-headquartered in Hong Kong and California, has closed a $100 million Series A round led by Chinese state-owned Dongfeng Motor, which will help the startup build its fleet and expand the technical team. Dongfeng Motor injected tens of millions of US dollars in the investment. Silicon Valley-based incubator Plug and… Continue reading Self-driving startup AutoX snags $100m led by Chinese state-owned Dongfeng Motor

BMW i3 To Die Off: Will Not Get A Successor

BMW i3 will share the fate of the BMW i8, which recently entered the last limited edition to mark the end of production. After it was officially confirmed that the production of BMW i8 will end after the final i8 Ultimate Sophisto edition, now BMW confirms rumors about no direct successor for the BMW i3.… Continue reading BMW i3 To Die Off: Will Not Get A Successor

Ford to Create Campus of the Future in Dearborn to Speed Product Innovation and Attract World-Class Talent

Ford details an expanded vision to transform its Research & Engineering Center in Dearborn; initial construction slated to be complete by the end of 2022 Master plan envisions a walkable campus of interconnected buildings that could one day house more than 20,000 employees in a flexible, high-tech environment showcasing new mobility solutions such as electrified… Continue reading Ford to Create Campus of the Future in Dearborn to Speed Product Innovation and Attract World-Class Talent

Mobivia et Renault s’associent en vue d’acquérir Exadis (FR only)

Mobivia et Renault s’associent pour acquérir ensemble la majorité du capital d’Exadis, société de pièces de rechange du Groupe Laurent, aux côtés du Groupement des Concessionnaires Renault (GCR), qui conserve sa participation minoritaire.   Le projet prévoit qu’Exadis poursuive et développe de manière autonome son activité de distributeur-stockiste de pièces automobiles multimarques, en s’appuyant sur une… Continue reading Mobivia et Renault s’associent en vue d’acquérir Exadis (FR only)

EPA to unveil plan to take away California’s authority on car emissions

Ari Natter and Ryan Beene, Bloomberg Published 2:49 p.m. ET Sept. 17, 2019 | Updated 3:38 p.m. ET Sept. 17, 2019 The Trump administration will announce it is rescinding California’s authority to regulate greenhouse gas emissions from automobiles on Wednesday, according to people familiar with the matter, a move sure to set off a legal… Continue reading EPA to unveil plan to take away California’s authority on car emissions

Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city. Separately, Aisin AW, a supplier to Toyota Texas and other… Continue reading Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

Striving to Set the Bar in Autonomous Mobility

September 17, 2019 An Interview with Mark Rosekind, Chief Safety Innovation Officer at Zoox Mark R. Rosekind, Ph.D., Chief Safety Innovation Officer at Zoox, is a preeminent safety professional with more than 30 years of experience promoting innovation through science and leadership in complex environments. Mark joined Zoox after seven years of public service in… Continue reading Striving to Set the Bar in Autonomous Mobility