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Tesla Hires Apple Exec to Help with Autopilot System
1/11/2017Chris Lattner, a longtime software expert at Apple Inc., is joining Tesla Motors Inc. to head the carmaker’s efforts to refine its controversial Autopilot self-driving system, Bloomberg News reports.
GM Boosts Profit Forecast, Ford Doesn't
1/10/2017A bullish General Motors Co. says its profits in 2016 will come in at the top end of its guidance, with further growth expected this year.
Lexus Repositions LS500 Flagship Sedan
1/10/2017Toyota Motor Corp.’s Lexus unit is taking its LS sedan—the model that launched the luxury division 28 years ago—in a sportier direction with the 2018 LS 500 unveiled on Monday at the Detroit auto show.
Honda to Launch New Hybrid Next Year
1/10/2017Honda Motor Co. says it will introduce an all-new dedicated hybrid next year that will be built and sold in the U.S.
Vehicle Sales in India Plummet on Demonetization Woes
1/10/2017Disruptions caused by India’s sudden decision to replace 86% of its bank notes caused demand for cars and two-wheelers in the country to shrink 19% in December, according to the Society of Indian Automobile Manufacturers.
UPDATE: VW Reaches $4.3 Billion Deal to Settle U.S. Criminal Charges in Diesel Scandal
1/10/2017Volkswagen AG says it has negotiated a $4.3 billion (€4.1 billion) settlement covering civil and criminal charges stemming from its diesel emission cheating scandal.
VW Sets Sales Record for 2016
1/10/2017Sales by Volkswagen Group grew 4% to a record 10.31 million units in 2016. The gain is expected to be enough to enable the company to surpass Toyota Motor Corp. and become the world’s biggest carmaker.
Retail Car Sales in China Surged 16% in 2016
1/10/2017Deliveries of cars, crossovers, multipurpose vehicles and SUVs in China climbed 16% to a record 23.9 million units in 2016, according to the China Passenger Car Assn.
Toyota Plans Another $10 Billion Investment in U.S.
1/10/2017Toyota Motor Corp. says it will invest another $10 billion on U.S. facilities over the next five years, the same pace of spending during the previous five-year period.
Mercedes Surpasses BMW as Top Luxury Brand
1/10/2017Daimler AG’s Mercedes-Benz brand ended BMW’s 11-year reign as the world’s top-selling luxury brand last year by boosting its worldwide car and crossover sales 11% to 2.08 million units.