29 Apr Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market. Read more...
29 Apr Fiat Chrysler CEO Mike Manley ‘100% Sure’ Carmaker Can Survive Tech Disruption Fiat Chrysler Automobiles NV is a “house of brands,” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to CEO Mike Manley. Read more...
29 Apr Optimism High Ahead of Leaders’ Infrastructure Meeting At White House Members of Congress return to Capitol Hill to find their leaders pursuing an agenda that’s not about immigration or impeachment politics. President Donald Trump is expected to break from his Mueller report victory lap for a meeting April 30 with Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer (D) to tackle infrastructure. Read more...
29 Apr C.R. England Settles Lawsuit Over Lease-to-Own Program C.R. England Inc. has reached a settlement with a group of drivers who claim the company fraudulently recruited them to participate in a truck lease-to-own program and then saddled them with high-interest loans that made it difficult to succeed. Read more...
29 Apr Bosch, Powercell Partner to Bring Fuel Cells to Trucks, Cars Automotive supplier Bosch announced it formed an alliance with Powercell Sweden AB, the Swedish manufacturer of fuel cell stacks. Read more...
29 Apr KeepTruckin Gets $149 Million Investment From Greenoaks Capital KeepTruckin, a fleet-management company specializing in connectivity, secured $149 million in an investment led by Greenoaks Capital, with participation from existing investors IVP, GV, Index Ventures and Scale Venture Partners. Read more...
29 Apr Renault-Nissan Set to Enter Auto Elite if Alliance Can Become Merger A merger between longtime alliance partners Renault SA and Nissan Motor Co. would codify a global automotive pecking order dominated by three megaplayers, putting pressure on everyone else to bulk up or risk being left behind. They just need to find a way to agree. Read more...
29 Apr March Consumer Spending Jumps as Core Inflation Eases U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up. Read more...
29 Apr Adoption of FA-4 Engine Oils Has Been Slow, but Early Tests May Point to Future Acceptance The American Petroleum Institute’s latest heavy-duty engine oil standards, designated CK-4 and FA-4, have been on the market for more than two years, but only CK-4 lubricants have by and large replaced the previous CJ-4 formulation. Read more...
26 Apr Used Class 8 Demand in March Remains Strong The market for used Class 8s in March continued to butt heads with a lack of inventory amid still-strong demand. Sales slipped, and prices rose. Read more...