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New-Vehicle Leases Reach Record High in U.S.
7/29/2016U.S. consumers leased a record 2.2 million new vehicles in the first half of 2016, up 13% over the same period in 2015, according to online auto data provider Edmunds.com.
Mazda’s Earnings Plunge 42%
7/29/2016Mazda Motor Corp. says its consolidated net income in April-June plunged to 21.2 billion yen ($208 million) from 36.8 billion yen in the same period last year.
Washington State Fines VW $176 Million for Rigged Diesels
7/29/2016The state of Washington has levied a $176 million (€158 million) fine against Volkswagen AG for manipulating 21,000 diesels sold there to evade federal emission limits.
Daimler Plans Second Mercedes Plant in Hungary
7/29/2016Daimler AG says it will invest about €1 billion ($1.1 billion) to build a next-generation “flex-plant” to make front- and rear-drive Mercedes-Benz vehicles at its manufacturing complex in Kecskemet, Hungary.
Electric Corvette Tops 200 mph to Break Its Own Speed Record
7/29/2016Rockville, Md-based Genovation Cars this week set a new speed record of 205.6 mph for a street-legal electric vehicle with a heavily modified sixth-generation Chevrolet Corvette Z06.
U.S. Economy Expands 1.2%
7/29/2016Real gross domestic product in the U.S. expanded at an annualized 1.2% from the first to second quarter of 2016, according to an early estimate by the Bureau of Economic Analysis.
F-Series Work Truck’s Cupholders Runneth Over
7/29/2016Ford Motor Co. is introducing a 'four-barrel' cupholder system in its 2017 F-Series Super Duty trucks.
Cooper Standard Posts Record Sales
7/29/2016Cooper-Standard Holdings Inc.’s revenue in the second quarter rose 2% to a record $879 million, and net income gained 12% to $40.9 million.
Apple Hires QNX Auto Software Chief
7/29/2016Apple Inc. has hired Dan Dodge, who founded and formerly headed in-car operating system developer QNX Software Systems Ltd., to be part of its Project Titan car project, sources tell Bloomberg News.
Car Production Rises 10% in U.K.
7/29/2016The British auto industry produced 158,600 vehicles in June, up 10% from a year earlier.