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Porsche Adds Apple Music
8/20/2019Porsche AG will offer Apple Inc.’s live-streaming music service in new models sold in the U.S., starting this autumn with the Taycan electric sports car.
FCA Focuses On Small Cars, EVs for Europe
8/20/2019Fiat Chrysler Automobiles NV will revamp the center of its European product lineup around its two best-selling models, the 500 city car and Panda mini crossover, Autocar reports.
Mahindra Sheds 1,500 Employees as Sales Sag
8/20/2019Mahindra & Mahindra Ltd. says it has eliminated 1,500 contract jobs in India since April and warns more layoffs are possible next month if sales continue to slide.
Koenigsegg Nabs Former Bugatti, Genesis Designer
8/19/2019Sweden’s Koenigsegg AB has hired Alexander "Sasha" Selipanov, who penned the Bugatti Chiron, as its new design chief.
CEOs Say Shareholder Value Isn’t Everything
8/19/2019Publicly trade companies have a duty to do much more than deliver hefty dividends to shareholders, says the Business Roundtable.
1994 McLaren Auctioned for Nearly $20 Million
8/19/2019An unidentified buyer paid $19.8 million for a 1994 McLaren F1 supercar at a RM Sotheby auction during last weekend’s Pebble Beach Concours d'Elegance in California.
CEO of EV Startup Canoo Steps Down
8/19/2019Stefan Krause, the co-founder and CEO of Los Angeles-based electric vehicle startup Canoo Inc., is stepping down from day-to-day operations for unspecified personal reasons.
Study: Dealers, Carmakers Must Step Up on EVs
8/19/2019Car makers and their dealers need to step up their efforts to explain electric vehicles to skeptical consumers, says a survey by Cox Automotive.
Gloomy Results for French Solar Road
8/19/2019The 1-km (0.6-mile) solar road installed in late 2016 in northwest France has failed to meet expectations for the project, reports Le Monde.
EV Maker Nio Cuts 1,000 Jobs as Sales Slide
8/19/2019Shanghai-based Nio Ltd. has eliminated 10% of its workforce, shedding 1,000 jobs as demand for its electric vehicles falls.