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VW in Talks with Tata on Joint Vehicle Programs
2/23/2017Volkswagen AG is in advanced negotiations with Tata Motors Ltd. about jointly developing inexpensive cars for emerging markets, sources tell Bloomberg News.
Ghosn Steps Down as CEO at Nissan
2/23/2017Carlos Ghosn has turned over his role as CEO at Nissan Motor Co. to Hiroto Saikawa, who has been the company’s co-CEO since last October.
PSA Targets €2 Billion Savings in Opel Acquisition
2/22/2017PSA Group estimates that acquiring Adam Opel AG from General Motors Co. will hike the company’s global car sales to 5 million units and save the two operations as much as €2 billion ($2.1 billion) per year, sources tell Reuters.
Eaton Adds Supercharger Oomph
2/22/2017Eaton Corp. has expanded its supercharger line with the new TVS R2650 unit, which the company says is larger, more powerful and more efficient than previous devices.
Lawmakers Question Abrupt Exit of VW Compliance Chief
2/22/2017German lawmakers are calling for an investigation into the sudden departure of Volkswagen AG’s chief compliance officer last month, only a year after she was hired, Spiegel Online reports.
Ford Gets Emotional with Advanced Tech
2/22/2017Ford Motor Co. says it is developing new sensors and software that could enable next-generation vehicles to act as pro-active personal assistants or provide friendly support based on a driver’s mood and needs.
Lexus, Porsche Top J.D. Power Dependability Ratings
2/22/2017Lexus and Porsche have tied as the U.S. market’s most reliable car brands in this year’s J.D. Power Vehicle Dependability Study. Lexus has topped the ratings for the past six years.
VW Boosts Output of e-Golf Electric Car
2/22/2017Volkswagen AG says the 2017 e-Golf electric vehicle will generate 134 hp and 214 lb-ft of torque, up 16% and 8%, respectively, compared with the outgoing model.
Oil Producers Fall Short of Pledges to Cut Production
2/22/2017A group of 11 non-OPEC oil producers appears to be about 50% short of its pledge to reduce petroleum production by 558,000 barrels per day.
The Buzz about Ford’s Honeycomb Storage Shelf
2/22/2017Ford Motor Co. says it will add a 6-lb rear storage shelf to the U.S. variant of its EcoSport compact SUV that can support as much as 700 lbs, thanks to the use of a honeycomb-like design.