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Faurecia Takes Control of Danish Diesel Emissions Control Company
12/14/2016Faurecia SA has hiked its stake in Amminex Emissions Technology A/S to 91.5% from 42% to help accelerate commercialization of the Danish company’s diesel emissions aftertreatment technology.
Report: China to Trim Tax Break on Small Cars
12/14/2016In January China’s central government will shrink the sales tax break on small cars it introduced last year, sources tell Bloomberg News.
Uber Expands Self-Driving Car Tests to San Francisco
12/14/2016Uber Technologies Inc. has extended to San Francisco the public tests of autonomous vehicles it began in Pittsburgh three months ago.
Opel Prices Ampera-e EV at €35,400
12/14/2016The Opel Ampera-e electric sedan—Europe’s version of General Motors Co.’s Chevrolet Bolt—will go on sale in Norway next spring at a price of 299,900 crowns ($35,400), according to the company.
Germany To Help Make Fuel Cells Ready for Mass Production
12/14/2016Germany’s transport ministry plans to spend €250 million ($266 million) over the next two years to help commercialize fuel cell technology for mass-produced passenger vehicles, according to Die Welt.
China Prepares to Sanction U.S. Carmaker for Price Fixing
12/14/2016China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
Hertz Installs New CEO, Trims Board
12/14/2016Hertz Global Holdings Inc. has named Kathryn Marinello to take over as its president and CEO on Jan. 3 in an effort to reverse three years of sagging financial results.
U.K. Claims No Liability in Brexit Assurances to Nissan
12/14/2016The head of U.K.’s National Audit Office says the country faces no liability if Nissan Motor Co. investments in the U.K. become less competitive after the country leaves the European Union.
GM Asks Supreme Court to Overturn Ignition Switch Ruling
12/14/2016General Motors Co. has petitioned the U.S. Supreme Court to overturn an appellate court ruling in July that left the company exposed to certain pre-bankruptcy claims about its defective ignition switches.
Economic Outlook in Germany Unchanged
12/14/2016Confidence among financial experts about Germany’s economic outlook remains steady in December, the ZEW economic research group says.