BMW AG joined the growing list of carmakers sued by U.S. drivers for installing software designed to cheat diesel-emissions tests. Drivers of “tens of thousands” of X5 and 335D model diesel cars built between 2009 and 2011 sued BMW and its technology supplier, Robert Bosch GmbH, alleging they installed algorithms designed to manipulate testing systems,… Continue reading BMW Sued by U.S. Diesel Drivers Over Emissions-Test Cheating
Tag: Tier 1 Suppliers
Uber Shouldn’t Even Bother With Self-Driving Cars
Last week, Uber Technologies Inc. suspended its self-driving car program after a test vehicle killed a pedestrian in Arizona. There’s an investigation into the accident. But even without the safety risks and ethical conundrums posed by autonomous cars, there are sound business reasons why Uber should fully abandon plans to develop or buy its own fleets… Continue reading Uber Shouldn’t Even Bother With Self-Driving Cars
Dana Offers Superior Value to GKN Shareholders
MAUMEE, Ohio, March 27, 2018 /PRNewswire/ — With a pending deadline for GKN shareholders to determine the future of their company, Dana Incorporated (NYSE: DAN) outlines below why it firmly believes its proposed combination with GKN Driveline offers superior value to GKN shareholders. Only this combination offers: Significant Shareholder Value Increased cash payment by 8.6… Continue reading Dana Offers Superior Value to GKN Shareholders
Nissan spins up new plant to give second life to EV batteries
NAMIE, Japan (Reuters) – At a small plant intended to help revitalize a town ravaged by the 2011 earthquake, Nissan Motor Co is giving its costly electric vehicle (EV) batteries new life after they pass their peak performance. FILE PHOTO: The logo of Nissan Motor Co is seen at its showroom in Tokyo, Japan February… Continue reading Nissan spins up new plant to give second life to EV batteries
Lincoln to launch ‘next chapter’ at NY show
Lincoln — like Ford’s Blue Oval — is in the midst of a lineup refresh. (Photo: Lincoln) Lincoln Motor Co. uses the New York auto show as its megaphone, and this year won’t be any different. The luxury automaker’s future is going to look a lot like what was outlined in the Ford Motor’s two-year… Continue reading Lincoln to launch ‘next chapter’ at NY show
News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Please click HERE for a PDF version of the release. First BMW Group seat programs in Magna’s history Plant to expand, create additional jobs Magna’s fourth manufacturing plant in South Carolina AURORA, Ontario, March 26, 2018 (GLOBE NEWSWIRE) — For the first time in its history Magna will supply seats to the BMW Group. Company… Continue reading News Release – Magna Celebrates Grand Opening at South Carolina Seat Facility
Mobileye chastises Uber by detecting struck pedestrian in footage well before impact
A self-driving vehicle fatally striking a pedestrian is a tasteless venue for self-promotion, but it’s also an important time to discuss the problems that created the situation. Mobileye CEO and CTO Amnon Shashua seems to do a little of both in this post at parent company Intel’s blog, running the company’s computer vision software on… Continue reading Mobileye chastises Uber by detecting struck pedestrian in footage well before impact
Nissan starts new program to replace old LEAF battery packs
Nissan is launching a new program today to replace old LEAF battery packs with “refabricated” packs at a discount over new packs. Home Solar Power Electric car battery packs inevitably lose some of their capacity over time after some use. It’s generally fairly limited to a few percentage points, but when it comes to the Nissan… Continue reading Nissan starts new program to replace old LEAF battery packs
Nissan starts exchange program for Nissan LEAF batteries in Japan
YOKOHAMA, Japan –Starting in May, owners of the 100% electric Nissan LEAF can turn in their used batteries and, for a fee, receive refabricated ones. Nissan is using the battery-refabrication capabilities of 4R Energy Corp., a company established through a joint venture with Sumitomo Corp., to offer the program. As demand for electric vehicles grows,… Continue reading Nissan starts exchange program for Nissan LEAF batteries in Japan
Dana Increases Cash Consideration for GKN Driveline by £100 million
MAUMEE, Ohio, March 26, 2018 /PRNewswire/ — In support of strong investor interest in its combination with GKN Driveline, Dana Incorporated (NYSE: DAN) announced today that it has improved the terms of its agreed combination and will also double the size of its share repurchase program. Dana has increased the cash element of consideration by… Continue reading Dana Increases Cash Consideration for GKN Driveline by £100 million