News Releases

  • Mazda to Unveil Mazda HAZUMI Concept at Geneva Motor Show

    Mazda Motor Corporation will premiere the Mazda HAZUMI next-generation subcompact car concept at the Geneva Motor Show which opens on March 6 and runs through March 16, 2014.*1 The name HAZUMI is a Japanese word meaning to ‘bound or spring up.’ Chosen to convey the image of an untamed animal…

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  • New 1.6-litre Energy dCi 160 Twin Turbo engine: the feel of a 2-litre engine, a 25% fuel-consumption saving

    RENAULT, engine manufacturer par excellence, rises to the challenge of energy efficiency in 2014. As a successful engine maker in the world of F1, Renault makes full use of its experience by continuously refining the energy efficiency of its road car engines to deliver even greater driving enjoyment. The latest…

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  • Scania acquitted of suspected violation of UN’s sanctions

    Scania was acquitted on all counts in the state prosecutor’s indictment regarding violation of the United Nations sanctions provisions in connection with deliveries to Iraq during the years 2001-2003. This was the verdict given by Södertälje district court today. “I welcome the district court’s verdict of acquittal. The ruling is…

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  • Allison Transmission declares quarterly dividend

    Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial-duty fully automatic transmissions, today announced that its board of directors declared a cash dividend of $0.12 per share on the Company’s common stock and non-voting common stock for the first quarter of 2014. Payment will be made on March 25, 2014, to stockholders…

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  • DENSO to test wireless charging system

    Wireless charging used to power on-board refrigerators of commercial vehicles – Global automotive supplier DENSO Corporation will begin a ten-month field test of its wireless battery charging system in Toyota City, Aichi Prefecture, Japan. The field test is intended to identify any potential operational issues and also look at ways…

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  • Mitsubishi Electric appoints new President & CEO, Chairman

    Mitsubishi Electric Corporation (TOKYO: 6503) today appointed Masaki Sakuyama as the company’s new President & CEO, effective April 1, 2014. Sakuyama will replace  Kenichiro Yamanishi, who will assume the position of Chairman. Sakuyama was born in Hyogo Prefecture in 1952. Joining Mitsubishi Electric Corporation in 1977, he first served as…

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  • Honda performance development unveils 3.5-litre prototype engine

    Starworks Motorsport to Debut HR35TT at Sebring Latest Racing Application of Production-Based Honda V6 Engine Two-Team HPD Effort In TUDOR United SportsCar Championship Honda Performance Development Thursday announced a new, 3.5-liter racing application for the versatile, production-based Honda V6 engine found in a wide range of Honda/Acura passenger cars and…

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  • Government must reverse EV benefit-in-kind tax rise to encourage company car demand, ACFO seminar told

    Government to retain electric vehicle purchase incentives 2015-2020 Electric vehicles can benefit many fleets with varying profiles Fleets can still benefit from Plugged-in-Fleets Initiative Drivers key to successful fleet implementation of electric vehicles EV residual value setting is single biggest leasing industry challenge Ambitious Government plans to make the UK…

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  • Tesla releases fourth quarter & full year 2013 financial results

     Tesla (NASDAQ: TSLA) today released its financial results for the fourth quarter and full year ended December 31, 2013, by posting the current Shareholder Letter on its website. Please visit the investor relations section of the Tesla website at http://ir.teslamotors.com to view the letter and results. As previously announced, Tesla management will…

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  • Matti Alahuhta, James W. Griffith and Kathryn V. Marinello nominated to AB Volvo Board

    The Election Committee of AB Volvo proposes the election of Matti Alahuhta, James W. Griffith and Kathryn V. Marinello as new Board members at the Annual General Meeting on April 2 2014. The Election Committee also proposes re-election of Board members Jean-Baptiste Duzan, Hanne de Mora, Anders Nyrén, Olof Peon,…

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  • University of Delaware: EV charging station expansion

    Charging stations for electric vehicles will be strategically placed at key locations in Delaware to enable long trips in the state by next year, through a new collaborative research agreement between the University of Delaware and the Delaware Department of Natural Resources and Environmental Control (DNREC). UD researchers are in…

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  • Kerry Lauds Foton-Cummins plant in China for producing cleaner engines

    US Secretary of State John Kerry hailed the new Beijing Foton-Cummins heavy duty engine production facility as a vivid example of mutually beneficial collaboration between China and industries in the United States. “I just toured this amazing facility, what you have built here is really the blueprint for the businesses…

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  • Cummins-Peterbilt SuperTruck achieves 10.7 MPG in latest test

    Cummins Inc. (NYSE: CMI) and Peterbilt Motors Co., a division of PACCAR (NASDAQ: PCAR), announced today that the latest version of their SuperTruck demonstration tractor-trailer achieved 10.7 mpg last month under real-world driving conditions. Developing a truck that could meet or exceed 10 mpg when fully loaded was considered unlikely, if not impossible, just a…

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