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Valeo, Siemens Finalize EV Motor Venture
12/1/2016Today Siemens AG and Valeo SA officially launched the joint venture they announced in April to make electric motors and other components for hybrid and all-electric vehicles.
Ford Expands Cylinder Deactivation to Tiny EcoBoost Engine
12/1/2016Ford Motor Co. has adapted its cylinder deactivation technology for use in the 1.0‑liter turbocharged 3-cylinder EcoBoost engine the carmaker offers in Europe.
PSA Plans Pickup Truck Factory in Tunisia
12/1/2016PSA Group and import partner STAFIM will begin assembling pickup trucks in Tunisia in mid-2018.
China Imposes 10% Sales Tax on Ultra-Luxury Cars
12/1/2016Today China began levying a 10% tax on luxury vehicles that retail for at least 1.3 million yuan ($188,900), Bloomberg News reports.
Volvo Redefines Busload
12/1/2016Truckmaker AB Volvo has unveiled a 30-meter-long (98-ft) bus capable of carrying 300 passengers, which the company says sets world records for length and capacity.
Audi Renames Performance Unit, Plans New Models
12/1/2016Audi AG is renaming its 33-year-old Quattro GmbH division Audi Sport GmbH to better reflect the group’s overall performance mandate and avoid confusion with the carmaker’s signature “quattro” all-wheel-drive technology.
Adient Picks Detroit for Global Headquarters
12/1/2016Adient plc, the former automotive seating business of Johnson Controls Inc., will establish its global headquarters in Detroit’s historic Marquette Building.
Ford Will Ask U.K. for Equal Treatment on Brexit Aid
12/1/2016Ford of Europe CEO Jim Farley says he will ask the British government this week to treat all carmakers equally in countering any negative financial effects of the country’s vote to leave the European Union.
Chrysler Hybrid Minivan Rated at 84 mpg
12/1/2016Fiat Chrysler Automobiles NV says the plug-in hybrid version of its 2017 model Chrysler Pacifica minivan has a U.S. fuel economy rating of 32 mpg in hybrid mode and the equivalent of 84 mpg under all-electric power.
Oil Prices Jump as OPEC Agrees to Curb Production
12/1/2016The price of crude oil rose 10% on Wednesday after the Organization of the Petroleum Exporting Countries finally agreed to trim output, but only if other producers do so too.