WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts… Continue reading US launches auto import probe, China says will defend interests
Tag: Renault
Rivian Automotive Closes Financing Round of $200 Million
author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
Citroen C5 Aircross SUV launched in Europe
Citroën has officially launched the C5 Aircross in Europe, bringing a firm focus on in-car comfort to the compact five-seat SUV segment. One year after a China-specific model made its debut at the Shanghai motor show, Citroën has now repackaged the C5 Aircross to appeal to European customers. It is set to rival the Nissan Qashqai and… Continue reading Citroen C5 Aircross SUV launched in Europe
Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Thursday said it plans to set up a facility to mass manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to ramp up production of hydrogen-powered cars and expand their usage as a zero-emission alternative to gasoline vehicles. Employees of Toyota… Continue reading Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Business and technology leaders share insights into the transformations poised to reshape the future PARIS – Bloomberg’s Sooner Than You Think (STYT) conference convenes business and technology leaders to share vital insights into the tech trends and transformations that are poised to reshape the future. During that event, Carlos Ghosn, Renault-Nissan-Mitsubishi chairman and chief executive… Continue reading Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Honda is working on affordable all-electric Fit-based car with biggest battery maker for global release
Honda is currently seen as lagging behind when it comes to electrification at this moment with very little electric vehicle efforts. But the Japanese automaker is now reportedly working on an important new global electric vehicle program in partnership with CATL, China’s biggest battery maker. Home Solar Power Contemporary Amperex Technology (CATL) has been signing a… Continue reading Honda is working on affordable all-electric Fit-based car with biggest battery maker for global release
Ghosn Says Slow Your Roll on the Renault-Nissan Merger, Then Confirms the Possibility
Car manufacturers penalized by rising steel prices
Peter laughing, John crying. If the spectacular rise in steel prices over the last two years (nearly 70%) is pleasing to the giants of the steel industry, it is not doing the car manufacturers’ business. Last year, the rise in material costs (and other external costs) weighed 358 million euros on the results of the… Continue reading Car manufacturers penalized by rising steel prices
Diesel Fears Become Reality With First Driving Ban in Germany
LISTEN TO ARTICLE SHARE THIS ARTICLE Hamburg, Germany’s second-largest city, will restrict older diesel vehicles from selected urban areas starting next week, marking the first driving ban in the country for the embattled technology. Beginning May 31, the port city of 1.8 million people will prevent cars and trucks that don’t meet at least Euro-6… Continue reading Diesel Fears Become Reality With First Driving Ban in Germany
Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China
YANCHENG, China, May 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today inaugurated a facility in Yancheng, China, that will manufacture thermal-management products for conventional and new-energy vehicles. Dana repurposed an 8,000 square-meter (86,000 square-foot) plant with an investment of CNY105 million (US$16.7 million), making it the company’s 16th facility in China and the second in… Continue reading Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China