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Ferrari Revs Up Electrification Plans
11/8/2016Ferrari NV CEO Sergio Marchionne says virtually all the company’s supercars will use some sort of hybrid-electric powertrain by 2019.
Haldex Cautiously Backs Knorr-Bremse Bid
11/8/2016Swedish brake systems supplier Haldex SA has recommended its shareholders accept a tender offer from German competitor Knorr-Bremse AG.
Buick Previews Plug-In Hybrid Concept for China
11/8/2016General Motors Co. has released a teaser image of the Buick Velite plug-in hybrid concept car ahead of the vehicle’s debut next week at the Guangzhou auto show.
Toyota’s Operating Profit Plummets 43%
11/8/2016Toyota Motor Corp. blames a strengthening Japanese yen and shifting consumer preferences for sharp profit declines in the fiscal second quarter ended Sept. 30.
Motor Trend Announces Vehicle-of-the-Year Finalists
11/8/2016Motor Trend has narrowed the list of candidates for its annual vehicle of the year awards to nine models across three categories.
California Steps Up Search for Emission-Test Cheaters
11/8/2016The California Air Resources Board says it will use newly expanded testing capabilities to look for carmakers that use secret software to evade emission laws, Bloomberg News reports.
Tesla to Buy Germany’s Grohmann Engineering
11/8/2016Tesla Motors Inc. has agreed to buy Germany’s Grohmann Engineering GmbH to help the carmaker ramp up its production capabilities ahead of the planned launch of the high-volume Model 3 midsize electric sedan next year.
Car Sales in China Jump 20%
11/8/2016Retail sales of passenger vehicles in China surged 20% to 2.2 million units in October, according to the China Passenger Car Assn.
EC Queries UK Over Assurances Given to Nissan
11/8/2016The European Commission says it has asked the U.K. for details about the assurances it gave last month to soothe Nissan Motor Co.’s concerns regarding the impact of the country’s vote to exit the EU.
Tesla Phases Out Free Supercharger Use for New Customers
11/8/2016In January Tesla Motors Inc. will stop providing all owners of its electric vehicles unlimited free access to its network of quick-charge Supercharger stations.