Uber has recently received proposals from banks for an initial public offering valuing the ride-hailing company at as much as $120 billion, The Wall Street Journal reported.
Mitsubishi Motors' local joint venture has started production of the new full EV variant of the Eupheme SUV in China. A PHEV version was launched earlier.
Wind River, a company delivering IoT software for safety-critical domains including automotive, has announced that Ford Motor Company is using Wind River over-the-air (OTA) update technology.
Silicon Mobility, a full stack semiconductor technology player powering control solutions for smarter mobility, has announced the completion of its US$10m Series B funding led by Capital-E and Cipio Partners including undisclosed private industry investors.
A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private.
VW Group will overhaul its dealership and sales organization by early 2020 to enable online sales and over-the-air software updates for its new electric "ID" family which will debut in 2020.
VW Group will overhaul its dealership and sales organization by early 2020 to enable online sales and over-the-air software updates for its new I.D. family of electric vehicles that will start to debut in 2020.
Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world.
Ford China has launched its new Territory mid-size sport utility vehicle.
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.
A new chip that improves Autopilot features will be available six months in advance to people who ordered the full self-driving version of the electric cars.
Ford, while unveiling the new Territory crossover, said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market beginning next year.
News
22 Oct, 2018
Auto Express has gained a new sister site that offers the complete guide to the world of pure electric cars and hybrids.
Dutch navigation firm TomTom said it had lost a contract with Volvo. The company said the contract to provide location and navigation services to the automaker, which was announced in 2016, had been ended before it was due to go into force in 2019.
That fed into concerns of critics who said a deal Google made last month with Renault, another TomTom customer, meant the company risked being relegated to third place in its main market.
Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses Car2Go and DriveNow, the European Commission said.
Volkswagen Group China has announced the deliveries for the first nine months of 2018: with its Chinese joint venture partners, SAIC Volkswagen and FAW Volkswagen, the Group delivered 3.04m (2.90m, +5.0%) vehicles to customers in mainland China and Hong Kong, including 137,600 imported vehicles.
Porsche SE said the EUR800m fine imposed by German authorities on Volkswagen Group premium brand Audi would have a "negative impact" on its earnings for full year 2018.
VW CEO Herbert Diess says that Germany's automakers have a only 50 percent chance of remaining leading players in the fast-changing auto industry.
Ford has a named a new head of North American manufacturing operations and a member of the founding Ford family as chief customer experience officer "responsible for creating a world-class customer experience spanning across the entire ownership cycle".
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