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Automotive Hall of Fame Steers Toward Detroit
7/22/2016The Automotive Hall of Fame plans to move to downtown Detroit from its current location in Dearborn, Mich., where it has struggled to attract visitors.
BMW to Join EV Racing Series
7/22/2016BMW AG confirms it is working with a current Formula E electric vehicle racing team.
Volvo Cars Triples Operating Income in First Half
7/22/2016Volvo Car Group reports its operating income zoomed to 5.6 billion kronor ($650 million) in the first half of 2016 from 1.7 billion kronor in the same period last year.
Daimler’s Second-Quarter Profit Rises 3%
7/22/2016Daimler AG reports its second-quarter revenue and net profit each advanced 3% to €38.6 billion ($42.6 billion) and €2.5 billion ($2.7 million), respectively.
BMW Appoints New Purchasing Chief
7/22/2016BMW AG has named Markus Duesmann to head its purchasing and supplier network, effective Oct. 1.
DOE Offers Loan Guarantees to Bolster EV Charging Stations
7/22/2016The U.S. Dept. of Energy has broadened its loan guarantee program to include support for electric vehicle charging stations, including associated hardware and software.
Samsung Buys Stake in Chinese EV Maker BYD
7/21/2016Shanghai Samsung Semiconductor, a unit of Samsung Electronics Co., has acquired a 3 billion-won ($449 million) stake in electric carmaker BYD Co.
GM May Recall Another 4.3 Million Takata Airbag Inflators
7/21/2016General Motors Co. says it may need to widen a previous recall of 2.5 million Takata Corp. airbag inflators by an additional 4.3 million units to satisfy the National Highway Traffic Safety Administration.
Dana Drops “Holding Corp.” from Its Name
7/21/2016Dana Holding Corp.’s name will change to Dana Inc., effective Aug. 1.
JCI’s Automotive Unit Posts Record Quarterly Results
7/21/2016The automotive seating and interiors operations of Johnson Controls Inc. netted a record $344 million in the fiscal third quarter ended June 30, up 1% from year-earlier results.