Japan’s Akebono Brake seeks relief from lenders – Nikkei

Jan 30 (Reuters) – Japan’s Akebono Brake Industry Co Ltd is seeking a capital infusion from top shareholder Toyota Motor Corp and financial relief from bank lenders as it tries to turn operations around under a private workout scheme, Nikkei newspaper reported on Wednesday. The brake maker had filed for an out-of-court turnaround process with… Continue reading Japan’s Akebono Brake seeks relief from lenders – Nikkei

PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

PACCAR Inc.’s PCAR fourth-quarter 2018 earnings were $1.65 per share, surpassing the Zacks Consensus Estimate of $1.57. Results were aided by quality products and services, record heavy-duty truck market share in Europe, strong global truck markets, and solid aftermarket parts’ results. Earnings per share in the prior-year quarter were $1.67. Excluding the one-time tax benefits,… Continue reading PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

Harley-Davidson, Inc.’s HOG adjusted earnings per share broke even in fourth-quarter 2018, which missed the Zacks Consensus Estimate of 17 cents. In the prior-year quarter, the figure was 54 cents. The company’s net income was $0.5 million compared with $8.3 million registered a year ago. Revenues from the Motorcycle and Related Products segment declined 8.7%… Continue reading Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

French group Faurecia to launch tender offer for Clarion acquisition

PARIS (Reuters) – French car parts company Faurecia said it would launch on Jan. 30 its tender offer to buy out Japanese car navigation system maker Clarion as part of its previously announced $1.3 billion (£989.12 million) takeover of Clarion from Hitachi. The Clarion takeover is the latest in a flurry of deals among car… Continue reading French group Faurecia to launch tender offer for Clarion acquisition

Waze expands its Bluetooth beacons to New York City to end GPS signal blackouts

Drivers in New York City will soon be able to use Waze — and other navigation apps — in places like tunnels or bridges where it’s common to lose a GPS signal. The new capability is courtesy of small open-source puck-like devices called Waze Beacons that were invented in-house by Gil Disatnik, an engineer who… Continue reading Waze expands its Bluetooth beacons to New York City to end GPS signal blackouts

Rules to rein in ride-hailing apps coming to Barcelona

Catalonia’s regional government in Spain has agreed new rules to regulate the vehicle for hire (VTCs) sector that will require ride-hailing companies such as Uber and Cabify to substantially change how they operate in Barcelona and other local cities as soon as this week. The changes have been agreed by decree, ahead of a planned… Continue reading Rules to rein in ride-hailing apps coming to Barcelona

Mazda rotary range-extended EV and diesel engine both coming, but no US hybrids for now

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2019 Mazda 3 underhood
A look under the hood of Mazda’s future includes a patchwork of “what if” possibilities and a series of juggled timelines.

Mazda is in a tough spot right now with regulators and in finding its place across many global markets. Part of the issue is that Mazda is considered an Intermediate-size manufacturer and subject to California’s ZEV mandate, requiring a certain percentage of its sales volume to be electric cars, plug-in hybrids, or hydrogen vehicles.

Unlike some other small or intermediate carmakers, it doesn’t have any overarching major-automaker partnerships (except for a development venture for EVs with Toyota), and its sales aren’t heavily biased toward a single market.

DON’T MISS: 2020 Mazda electric car to share Toyota underpinnings, technology

Of a global sales total of about 1.6 million vehicles last year, Mazda sold just over 300,000 vehicles in the U.S.; compare that to Subaru, which is in a similar predicament but made just over a million vehicles last year, selling 680,000 of them in the U.S.

Mazda is under pressure to produce some plug-in vehicle, if only for California ZEV states by the end of the year. So it's moving along with work on its electric vehicle, supported by a Wankel rotary-engine range-extender, confirmed Mazda’s vice president of R&D and design, Masashi Otsuka, last week, at a backgrounder and early drive for the 2019 Mazda 3, which arrives at dealerships in March.

Mazda Sustainable Zoom-Zoom 2030

Some of the development work for the plug-in is being done in the U.S., Otsuka confirmed, and the automaker will have more news about this model later in the calendar year.

Zooming toward CO2 reductions

It all fits into Mazda’s “Sustainable Zoom-Zoom 2030” plan, a long-term vision announced in 2017 for how the carmaker will continue to provide enjoyable vehicles while also reducing its corporate average carbon dioxide emissions—as considered on a “well-to-wheel” basis, including life-cycle emissions—by 50 percent from 2010 levels by 2030.

To achieve this, Mazda is one of the few carmakers that has no intent to freeze the evolution of the gasoline engine; it includes the continued improvement of the internal combustion engine in its big-picture efficiency initiative.

CHECK OUT: 2019 Mazda 3 sedan and hatch aim for an X factor—and that’s not electric

The plan also included the announcement that beginning in 2019 it would “start introducing electric vehicles and other electric drive technologies in regions that use a high ratio of clean energy for power generation or restrict certain vehicles to reduce air pollution.”

Mazda future powertrains

Even within the U.S., Mazda, like other automakers, faces some differing priorities. Mazda’s sales aren’t as geographically skewed toward the coasts as some other automakers either, which makes building market share challenging.

To help with that, starting this year Mazda is making all-wheel drive widely available in its Mazda 3 lineup. And it’s perfectly clear that it hasn’t given up on diesel for the U.S. market. The automaker’s timeline for its long-delayed Skyactiv-D diesel-engine rollout, according to company officials, will be clarified with a product-related announcement at the New York auto show in April.

As another official hinted, the strategy we may instead see for diesel is a limited rollout for something like a half-dozen states—a way to provide a high-efficiency counterpoint to plug-ins, wherever it might go over well.

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Porsche Taycan, Electrify America shutdown, Mazda plans: Today’s Car News

Porsche Taycan prototype
Porsche plans to include three years of free DC fast charging from Electrify America with its new Taycan electric car. For now, it's a good thing the car isn't arriving too soon, as Electrify America has had to shut down many of its CCS Combo fast charge plugs over safety concerns. Mazda balances conflicting priorities (and regulators) in its strategy for fuel-efficient and electric cars. And a new study reveals which countries are leading the race for electric cars. All this and more on Green Car Reports.

In an effort to compete with Tesla—but without building its own complete fast-charge network—Porsche is planning to offer three years of free fast charging at Electrify America DC fast chargers for those who buy its upcoming Taycan electric car. The Taycan is expected to be the first car that can use 350-kilowatt fast chargers when it goes on sale late this year.

Electrify America had to shut down those chargers this week, however, after safety concerns arose over similar chargers in Switzerland.

At a recent preview drive, Mazda revealed more on its plans to bring diesels and an electric car to the U.S., but doesn't plan any hybrids for now.

A new study reveals that the U.S. places second after China in adoption of electric cars. Some other findings, however, are more surprising.

Mercedes-Benz revealed plans to show a new concept car later this year that will demonstrate how cars can avoid crashing altogether using artificial intelligence.

Finally, Ford plans to offer owners a new loyalty rewards program similar to those from airlines and grocery stores, to encourage customers to bring their cars back to the dealership for service.

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