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Ford, MIT Partner on Research for Autonomous Shuttles
7/27/2016Ford Motor Co. and the Massachusetts Institute of Technology have launched a research project that aims to optimize autonomous shuttle services based on passenger demand.
FCA’s Earnings Soar 25%
7/27/2016Second-quarter net profits for Fiat Chrysler Automobiles NV jumped 25% to €321 million ($353 million). Adjusted earnings before interest and taxes climbed 16% to €1.6 billion ($1.8 billion).
Nissan’s Profits Slide 11%
7/27/2016Nissan Motor Co. says Japan's strengthening yen cut the company's net income in April-June 11% to 136.4 billion yen ($1.3 billion).
Mercedes Targets Electric Heavy Trucks
7/27/2016Daimler AG’s Mercedes-Benz unit is developing an all-electric heavy-duty truck for city applications and plans to launch it early next decade.
Musk: Upcoming Model 3 Could Generate $20 Billion Per Year
7/27/2016The Model 3 electric sedan Tesla Motors Inc. aims to begin building late next year could generate $20 billion in annual revenue and $5 billion in gross profit for the company, CEO Elon Musk predicts.
Prosecutors Widen VW Diesel Probe in Germany
7/27/2016German prosecutors in the state of Lower Saxony are now investigating 21 current and former Volkswagen AG employees about their possible role in the company’s diesel engine emission cheating scandal, Handelsblatt reports.
Mobileye Signals End of Work on Tesla’s Self-Driving System
7/27/2016Mobileye NV, the Jerusalem-based maker of computer chips and software used to manage autonomous driving systems, say it work with Tesla Motors Inc. won’t continue beyond Tesla’s controversial Autopilot feature.
VW Gets Court Okay for Diesel Cheating Settlement
7/26/2016A federal district judge in San Francisco has granted preliminary approval for Volkswagen AG’s $10 billion plan to buy back or fix 475,000 diesel-powered vehicles in the U.S. that were rigged to sidestep emission standards.
Lotus Readies New Elise Sport Car
7/26/2016Group Lotus plc plans to launch the next-generation Elise coupe in 2020.
FCA Updates U.S. Sales Reporting Process
7/26/2016Fiat Chrysler Automobiles NV promises more transparency in the way it reports monthly sales in the U.S., beginning with its July report next week.