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Bavaria to Sue VW Over Cheater Diesel Scandal
8/3/2016Bavaria expects next month to become the first of Germany’s 16 federal states to sue Volkswagen AG for damages linked to the carmaker’s diesel emissions cheating scandal, Reuters reports.
U.S. Car Sales Growth Pace Slows to 1%
8/2/2016Carmakers sold 1.52 million light vehicles in the U.S. last month, only 11,000 more than in July 2015, reports Autodata Corp.
Parents of “Star Trek” Actor Sue FCA for His Rollaway Death
8/2/2016The parents of 27-year-old actor “Star Trek” actor Anton Yelchin have sued Fiat Chrysler Automobiles NV for negligence and product liability surrounding his death in mid-June.
Honda’s Revenue, Profits Fall
8/2/2016Unfavorable exchange rates cut Honda Motor Co.’s revenue in April-June 6% to 3.5 trillion yen ($35 billion). Net profit was hurt by higher taxes, dropping 6% to 175 trillion yen ($1.7 billion) from the same period last year.
Ferrari Posts 29% Profit Gain
8/2/2016Ferrari NV generated a record second-quarter profit of €97 million ($109 million) in the second quarter, up 30% year on year.
Chevy Volt Sales Top 100,000 Mark
8/2/2016General Motors Co. says cumulative sales of its Chevrolet Volt plug-in hybrid car have surpassed 100,000 units since the vehicle was launched in 2010.
ZF Buys Stake in Lidar Supplier
8/2/2016ZF Friedrichshafen AG has acquired a 40% stake in Ibeo Automotive Systems GmbH, a Hamburg, Germany-based supplier of lidar and other technologies aimed at self-driving vehicles.
BMW Profits Climb 11%
8/2/2016BMW AG’s net profit in the second quarter of 2016 grew to €1.9 billion ($2.1 billion) from €1.7 billion in the same period last year.
Skoda Confirms EV, Hybrid Plans
8/2/2016Volkswagen AG’s Skoda unit will launch its first hybrid and full-electric vehicles in three years as part of a new “green” initiative, Handelsblatt reports.
VIEWPOINT | TAKING BACK CONTROL OF THE AUTOMOTIVE SUPPLY CHAIN
8/2/2016Managing a global supply chain is a major challenge for any carmaker. But being able to analyze a supply disruption in context to quickly find alternative sources for critical components is even more difficult.