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Ride-Hailing Drivers Protest in San Francisco
7/19/2019San Francisco-based drivers for ride-hailing rivals Uber Technologies Inc. and Lyft Inc. are conducting a work stoppage today to protest pay rates and other contract terms.
Turo Lands $250 Million in New Funding
7/19/2019InterActiveCorp is investing $250 million in Turo Inc., a San Francisco-based peer-to-peer car-sharing company.
Cummins Offers to Buy VW’s Big-Diesel Unit
7/19/2019U.S. diesel maker Cummins Inc. has offered to buy a unit of Volkswagen AG that makes huge diesels for ships and electrical generating stations, sources tell Reuters.
Chery Teams Up with Quanergy on Lidar, Smart City Tech
7/19/2019China’s Chery Automobile Co. has selected Sunnyvale, Calif.-based Quanergy Systems Inc. to be its lidar partner for future autonomous vehicles.
Gentex Hikes Outlook as Sales Rise
7/19/2019Gentex Corp. reports that its second-quarter revenue rose 3% to $469 million—even though vehicle auto output fell 8% worldwide—because of a richer product mix.
Aston Martin’s Top Investor May Raise Stake
7/19/2019Italy’s Investindustrial, which owns 31% of Aston Martin Lagonda Ltd., has offered to raise its stake by another three points.
Autoliv Cuts Outlook as Profits Plummet
7/19/2019Swedish safety systems supplier Autoliv Inc. has slashed its outlook for 2019 after the company’s second-quarter net income plunged 43%.
Toyota, BYD to Co-Develop EVs for China
7/19/2019Toyota Motor Corp. and BYD Co. have agreed to co-develop all-electric cars and SUVs that will be marketed under Toyota’s name in China.
BMW, Tencent Partner on Self-Driving Cars for China
7/19/2019BMW AG and Tencent Holdings Ltd. are collaborating on autonomous-vehicle technology for the Chinese market.
New Mid-Engine Vette Is Here!
7/19/2019General Motors Co.’s all-new mid-engine Chevrolet Corvette, which was unveiled Thursday night in Los Angeles, features a cab-forward design and a host of advanced technologies.