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Fed Lowers Interest Rate by One-Quarter Point
8/1/2019The Federal Reserve lowered its benchmark lending rate by 0.25 point yesterday, marking the central bank’s first decrease since 2008.
FCA Remains Open to Merger Options
7/31/2019Fiat Chrysler Automobiles CEO Mike Manley tells analysts the company remains open to revive merger talks with Renault or begin them with another partner.
Toyota to Use Mazda HCCI Engine?
7/31/2019Mazda Motor Corp. will supply a version of its SkyActiv-X engine, which combines attributes of gasoline and diesel units, to Toyota Motor Corp., BestCar reports.
Musk Vows to Reveal Tesla Pickup This Year
7/31/2019Tesla Inc. CEO Elon Musk says the company will unveil its upcoming electric pickup truck later this year.
Hyundai to Standardize Rear-Seat Reminder
7/31/2019Hyundai Motor Co. plans to standardize its rear occupant alert system on all 2022-model vehicles sold in the U.S.
Ford Buys Software Developer Journey Holding
7/31/2019Ford Motor Co. is buying Journey Holding Corp., a developer of vehicle location and other services for “smart” transport systems.
Hamburg to Test Autonomous Shuttle Bus
7/31/2019The Hamburg Electric Autonomous Transportation (HEAT) coalition plans to begin testing a self-driving shuttle bus on public streets in August.
Ex-Audi Chief Stadler Charged in Diesel Scandal
7/31/2019Rupert Stadler, the former CEO of Audi AG, has been charged by prosecutors in Munich of covering up the company’s cheating on diesel emission certification tests.
Pagani Revs Up Huayra Roadster
7/31/2019Italian supercar maker Pagani Automobili SpA is introducing a limited-edition version of its Huayra roadster that is lighter, sleeker and more powerful than the base model.
FCA’s Second-Quarter Profit Jumps 14%
7/31/2019Fiat Chrysler Automobiles NV’s reports a 14% gain in net profit in April-June, even though unit sales and revenue fell.