Ryan Beene, Bloomberg Published 8:37 p.m. ET March 23, 2018 | Updated 8:42 p.m. ET March 23, 2018 In January, the EPA released a report showing 2016 model year cars and light trucks failed to achieve the EPA’s greenhouse gas standards for the first time despite a small gain in efficiency. (Photo: Scott Olson/Getty Images)… Continue reading EPA said to side with carmaker calls to ease fuel rules
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EPA Sides With Carmaker Calls to Ease Efficiency Rules, Sources Say
The U.S. Environmental Protection Agency has concluded that a landmark Obama-era effort to cut vehicle greenhouse-gas emissions is too aggressive and agrees with automakers that the standards should be revised, according to people familiar with the matter. The agency has completed a draft decision outlining the rationale for easing fuel efficiency regulations for model-year 2022-2025… Continue reading EPA Sides With Carmaker Calls to Ease Efficiency Rules, Sources Say
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
VW boss says ‘risk of jail’ justifies mega salary
FRANKFURT AM MAIN, Germany – The head of German car giant Volkswagen, still grappling with the fallout from a huge emissions cheating scandal, on Friday defended his 10-million-euro salary by saying it made up for the risk of having “one foot in jail”. In an interview with news weekly Der Spiegel, Matthias Mueller said he… Continue reading VW boss says ‘risk of jail’ justifies mega salary
Car manufacturer: refurbishment talks at Opel falter
Opel plant in Rüsselsheim Works Council Chairman Wolfgang Schäfer-Klug stated that he did not want to accept any subsequent conditions for contracts from the new parent company. (Photo: AP) At the crisis carmaker Opel The restructuring talks between the employee representatives and the new parent company PSA are faltering. In a statement distributed on Friday… Continue reading Car manufacturer: refurbishment talks at Opel falter
LiDAR Maker Velodyne ‘Baffled’ By Self-Driving Uber’s Failure To Avoid Pedestrian
Alan Ohnsman The spot at 640 North Mill Avenue in Tempe, Arizona, where pedestrian Elaine Herzberg was struck and killed by a self-driving Uber test vehicle on March 18, 2018. As federal investigators try to figure out why a self-driving Uber SUV failed to detect and avoid hitting a pedestrian walking her bicycle across an… Continue reading LiDAR Maker Velodyne ‘Baffled’ By Self-Driving Uber’s Failure To Avoid Pedestrian
Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
SHANGHAI, March 23, 2018 /PRNewswire/ — Following the acquisition by Aviation Industry Corporation of China (AVIC) in 2011, the 110-year-old Nexteer Automotive, once an auto parts division under GM, has found its way into rapid development. The EVs and autonomous vehicles are gaining impetus, what impacts will the market changes exert on the company’s future… Continue reading Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
BMW, Toyota venture units back lidar developer Blackmore
23 Mar 2018 US-based technology firm raises $18M in series B round aimed at ramping ‘long-range’ system for autonomous vehicles. Blackmore Sensors and Analytics, a Bozeman, Montana, firm working on lidar technology for future deployment in autonomous vehicles, says it has raised $18 million in a series B round of venture finance. Led by BMWi Ventures, and with… Continue reading BMW, Toyota venture units back lidar developer Blackmore
Vospers invests £12m in Exeter multi-franchise dealership
Vospers is investing £12m in a new multi-franchise site in Matford, Exeter to open in late 2018. The site will have a FordStore, showrooms for Ford, Mazda, Fiat, Jeep, and Alfa Romeo and a 28-bay workshop. There will also be four larger car and van bays for while u wait servicing, where two technicians will… Continue reading Vospers invests £12m in Exeter multi-franchise dealership
Jim Ratcliffe’s battle plan for his own Land Rover Defender
Jim Ratcliffe, the billionaire chemicals tycoon, is nearing a decision on where to build his new alternative to the Land Rover Defender — with two sites in Britain still in the running. The £700m project is expected to create 1,000 direct jobs and support possibly 5,000 more in the supply chain. A team of 200… Continue reading Jim Ratcliffe’s battle plan for his own Land Rover Defender