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VW Asks U.S. Court to Dismiss Investor Lawsuit
8/3/2016Volkswagen AG has petitioned a U.S. district court in California to dismiss a class-action lawsuit on behalf of investors whose VW shares lost value after the company admitted rigging 11 million diesel engines to cheat on emission tests.
Tesla’s Losses Deepen As Revenue Soars
8/3/2016Tesla Motors Inc.’s total revenue in the second quarter of 2016 jumped by one-third to $1.8 billion. But the electric-car maker’s net loss widened to $293 million from $184 million in the same period last year.
Nissan: EV Charging Stations in the U.K. to Surpass Fuel Stations by 2020
8/3/2016Within four years there will be more public locations to charge electric and plug-in hybrid cars in the U.K. than the number of traditional fuel stations there, according to Nissan Motor Co.
VW Names New U.S. Product Marketing and Strategy Chief
8/3/2016Volkswagen AG has appointed Hendrik Muth as vice president of product marketing and strategy in the American market.
Michigan, Ontario to Partner on Automotive Initiatives
8/3/2016Michigan Gov. Rick Snyder and Ontario Premier Kathleen Wynne are due to sign a memorandum of understanding later today to jointly promote and grow the auto industry within the state and its neighboring Canadian province.
FCA May Sell Magneti Marelli to Samsung Electronics
8/3/2016Fiat Chrysler Automobiles NV is in talks to sell all or part of its Magneti Marelli parts business to Samsung Electronics Co., sources tell Bloomberg News.
Toyota Delays Launch of Prius Plug-In Hybrid
8/3/2016Toyota Motor Corp. says it is pushing back the launch of the new Prius Prime plug-in hybrid model by several months in Japan to late this year or early 2017.
Panel: U.S. Car Sales Boom Is Ending, But When?
8/3/2016U.S. car sales could set another record this year, but analysts say a downturn looms.
VW Pushes China to Extend Tax Cut on Car Sales
8/3/2016Volkswagen AG tells reporters it has joined with the state-backed China Assn. of Automobile Manufacturers to lobby the country’s government to extend a tax cut on new vehicles with small engines.
Report: Mitsubishi Didn’t Learn from Past Scandals
8/3/2016Mitsubishi Motors Corp. responded to scandals over the past 15 years with well-constructed prevention measures.