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EPA Exec Wehrum Resigns
6/27/2019Bill Wehrum, who has headed the U.S. Environmental Protection Agency’s air quality department, resigned yesterday amid allegations of ethics violations.
Tesla Developing Its Own Battery Tech?
6/27/2019Tesla Inc. has established a small “skunkworks” team to develop its own batteries, sources tell CNBC.
Report: Mitsubishi Developing Next-Gen Lancer Evolution
6/27/2019Mitsubishi Motors Corp. is developing a new version of its Lancer Evolution sports sedan, Autocar reports.
Boeing Partners with Air Taxi Startup
6/27/2019Aerospace giant Boeing Co. has formed a strategic partnership with Silicon Valley-based startup Kitty Hawk Corp. to commercialize air taxi applications.
Nissan Cuts Compensation for Ghosn, Saikawa
6/27/2019Nissan Motor Co. paid then-Chairman Carlos Ghosn 1.65 billion yen ($15.3 million) in the fiscal year ended March 2018, down 42% from the previous year.
U.K. Car Output Falls 16%
6/27/2019Car production in Britain plunged 16% to 116,000 units in May, the Society of Motor Manufacturers and Traders reports.
BMW: EV Margins Will Match Those of Piston Cars by 2025
6/27/2019BMW AG tells the Financial Times that its profit margins on the sale of electric vehicles should equal those of the company’s current piston-powered models by 2025.
California, Canada to Partner on EVs, Clean Fuel
6/27/2019The governments of Canada and California have agreed to swap environmental technical data, share methods of promoting low-carbon fuels and coordinate efforts to push the sale of zero-emission vehicles.
U.S. Car Market Slowdown Builds Momentum
6/26/2019U.S. new-car sales, which totaled 17.3 million units last year, will slide to 6.8 million this year and 16.5 million in 2020, Cox Automotive Inc. forecasts.
VW Sets Traton IPO Share Price at €27-€28
6/26/2019Volkswagen AG’s Traton commercial truck unit will offer 10% of its equity in an initial public offering at a range of €27-€28 ($31-$32) per share.