PSA Group is suspending all joint venture activity in Iran, following the withdrawal of the US government from a three-year-old multilateral pact aimed at curbing Iran’s nuclear ambitions. The agreement, otherwise known as the Joint Comprehensive Plan of Action (JCPOA), was signed on July 14 2015 between Iran, the five permanent members of the UN Security Read More..
CHENGDU, China — China is committed to opening its market to global competition, as shown by the announcement last week that it will lower import tariffs and remove a two-decade old regulation restricting foreign carmakers to making cars there only as part of a joint venture with a Chinese company. And according to speakers at this week’s Read More..
BMW became the latest major car brand to offer a subscription to its vehicles rather than selling or leasing them to customers. The German premium brand said it had launched a pilot program in Nashville, Tennessee, to see whether subscriptions are a viable business model in today’s car market. Mercedes-Benz, Porsche and other brands are Read More..
A German poll finds that many companies feel they still don’t need help with digital transformation. But there are indications that more will be recruiting consultants in the near term.
Cox Automotive has launched a new connected retail platform that offers a set of online tools to improve the car buying process. The US car retailer said the platform, which is called Accelerate, will make car buying faster, easier and more enjoyable. It will also save consumers time at the dealership, Cox said. Accelerate is Read More..
Mercedes-Benz will offer a flat rate to customers wanting to switch cars during the year, in a pilot project with two German dealer groups, Lueg and Beresa. The German premium car brand said the rate, which includes insurance, maintenance, repair and tires, will let customers drive as many as 36,000 kilometers a year in up Read More..
LAS VEGAS — Toyota Motor unveiled a versatile electric concept vehicle for multimodal transportation and announced it was teaming up with Amazon, Didi, Uber and other partners to form a new mobility alliance. On the eve of the annual CES high-tech fair here, Toyota said its e-Palette concept vehicle marks an important step in the Read More..
Delphi on Tuesday officially spun off its powertrain division and launched Aptiv, which groups the US supplier’s connectivity operations. A second company, Delphi Technologies, will henceforth include all powertrain-related components and systems. Aptiv, which will be headquartered in Gillingham, England, and employ 147,000 people worldwide, will be headed by former Delphi CEO Kevin Clark. The Read More..
MUNICH — Judging by the enthusiasm of the 304 exhibitors at this year’s eMove360 trade fair, electric vehicles have arrived. Granted, there weren’t any automaker stands at the annual show. But that absence was compensated by technology providers whose EV prototypes, charging stations, battery packs and other associated products and services dominated the 20,000 square Read More..
FRANKFURT — Daimler’s compliance chief said customer confidence is key for the success of autonomous and connected driving. Speaking at the carIT Congress here, Olaf Schick said drivers of Daimler’s Mercedes-Benz cars can decide for themselves what data they want to share. “When it comes to data, the principle of self-determination rules,” he said. Earlier, Read More..