The world is witnessing unprecedented levels of both collaboration and competition between traditional automotive companies and high-tech newcomers such as Google, Uber and Tesla, which increasingly share a conviction that an opportunity has arrived to make transportation safer, cleaner and more accessible.
Just three months after Hyundai Motor Co. launched a clean-sheet redesign of the Elantra sedan, its best-selling car in the U.S. last year, sales of the compact car plunged 44 percent in April, suggesting the Korean automaker may have hit a snag in a market segment that has recently been among its strongest.
Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.
BMW's ReachNow will start as a classic point-to-point car-sharing service, with 370 vehicles — a mix of 3-series sedans, i3 electric cars and Mini Coopers — spread across central Seattle. Users reserve a car by smartphone, pick it up on the street, drive to their destination and then park on the street nearby.