Martes, Setyembre 29, 2020

German suppliers Brose, Kiekert fined $21M over bid-rigging in Europe

The suppliers took part in bid-rigging activity, or cartels, with Magna to supply parts for Mercedes and BMW cars. Magna escaped a fine for informing the EU.



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Ford F-150 hybrid to produce 430 hp, record 570 lb-ft of torque

The redesigned pickup, on sale in November, will be able to tow up to 14,000 pounds and haul 3,325 pounds. Ford says both figures will top the light duty fullsize pickup segment.



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Key Nissan witness in Kelly trial admits trying to conceal Ghosn compensation

Toshiaki Ohnuma , who managed Nissan’s secretariat overseeing executive compensation, is one of at least two employees who took a plea bargain to escape prosecution in exchange for testifying against Greg Kelly and Carlos Ghosn.



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Lunes, Setyembre 28, 2020

EPA chief pans Calif. effort to mandate zero emission vehicles in 2035

EPA Administrator Andrew Wheeler said the plan "raises serious questions regarding its legality and practicality" and said it could impact the state's electrical grid.



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Uber weighs purchase of BMW-Daimler ride-hailing venture, report says

Uber expressed interest in a potential acquisition of Free Now after the venture’s efforts to attract additional investors struggled to gain traction amid the coronavirus pandemic, Bloomberg reported.



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Toyota launches ad campaign for 2021 Venza

A TV spot called "Lifesaver" features the crossover's performance capabilities with a couple trying to save their runaway dog as they maneuver through a city in the rain.



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Ford's 3-year labor contract in Canada ratified by Unifor members

Unifor said 81 percent of workers who participated voted in favor of the contract. Workers voted virtually on the deal Sunday through Monday morning.



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