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Report: Nissan Drops Out of Luxury Car Project with Mercedes
1/5/2017Nissan Motor Co. is abandoning plans to develop luxury vehicles jointly with Daimler AG’s Mercedes-Benz unit, sources tell Reuters.
Toyota Cautious About Timetable for Fully Automated Cars
1/5/2017Toyota Motor Corp. says it will equip its vehicles with driver aids but is in no rush to embrace fully self-driving vehicles.
Intel Launches GO Auto Brand, Readies 5G Modem
1/5/2017Intel Corp. debuted a new automotive brand and announced plans to launch a 5G modem chip this week at the CES electronics show in Las Vegas.
Hyundai Confirms Plans for New Fuel Cell Vehicle
1/5/2017Hyundai Motor Co. says it will launch an all-new fuel cell-powered crossover vehicle in 2018.
VW Ordered to Face U.S. Investor Lawsuit Over Diesel Scandal
1/5/2017A California judge has ruled that plaintiffs may move forward with lawsuits claiming Volkswagen AG committed securities fraud when it rigged diesels to evade emission tests but touted them as “clean” engines, Reuters reports.
December Car Sales Climb in Major European Markets
1/5/2017Four of Europe’s largest car markets report hefty gains in December and full-year 2016.
U.S. Car Sales Set Another Record
1/4/2017Car and light-truck sales in the U.S. climbed to a record 17.55 million units in 2016, surpassing the all-time high of 17.48 million vehicles sold in 2015, Autodata Corp. reports.
VW's Board, CEO to Shun Detroit Auto Show
1/4/2017Volkswagen AG says neither CEO Matthias Mueller nor many other board members will appear at next week’s Detroit auto show.
Intel to Take Stake in HERE Mapping Company
1/4/2017Silicon Valley chipmaker Intel Corp. says it will acquire a 15% stake in digital mapping company HERE, which Audi, BMW and Daimler purchased from Nokia in 2015.
Eurozone Inflation Climbs to 1.1%
1/4/2017Inflation in the eurozone rose in December to an annualized 1.1%, the highest monthly rate since September 2013, according to an initial estimate by Eurostat.