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Small role in Tesla plan for Saudi fund

Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private....

August 16, 2018, Thursday


SK to ban driving recalled BMWs

South Korea will ban driving recalled BMWs that haven’t received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component....

August 15, 2018, Wednesday


Special body to study Tesla going private

Tesla’s board of directors said yesterday it formed a special committee to study CEO Elon Musk’s proposal to take the electric auto giant private....

August 15, 2018, Wednesday


NIO files US$1.8b IPO in US

Chinese electric carmaker NIO has filed for a US$1.8 billion initial public offering in the United States as the burgeoning company seeks to compete with US rival Tesla....

August 15, 2018, Wednesday


Mazda, Suzuki, Yamaha apologize over improper emissions testing

Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said yesterday, revealing fresh cases of compliance failures by...

August 10, 2018, Friday


Honda announces another SUV recall

Honda Motor Co Ltd will recall 69,090 UR-V sport utility vehicles in China, market regulators said yesterday, a result of a cold-climate engine problem that has already forced the recall of hundreds of...

August 10, 2018, Friday


Report: SEC probes Musk tweet

US regulators are asking Tesla Inc why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported...

August 10, 2018, Friday


New Audi China chief to start Q4

Thomas Owsianski has been appointed president of Audi China from the fourth quarter, the German luxury carmaker said yesterday....

August 2, 2018, Thursday


BMW says to invest US$1.2b in Hungary

BMW said yesterday it will invest a billion euros (US$1.2 billion) in a new factory in Hungary, as it follows its fellow German automakers into building cars in lower-wage central Europe....

August 1, 2018, Wednesday


Honda profits jump 17.8%

Honda Motor Co profits jumped 17.8 percent in the latest quarter, driven by strong auto sales in North America and motorcycle sales in Asia, the company said yesterday....

August 1, 2018, Wednesday




 

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