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EU Fines Commercial Truckmakers €2.9 Billion for Price Fixing
7/20/2016Five commercial truckmakers have agreed to pay a combined €2.9 billion ($3.2 billion) for conspiring to fix prices on medium- and heavy-duty commercial trucks for more than a decade.
Brexit Fears Dent Economic Sentiment in Germany
7/19/2016Financial market experts have turned significantly less optimistic in the wake of the U.K.’s vote to exit the EU, according to Germany’s closely watched ZEW indicators of economic sentiment.
FCA Hints Again About Ram-Based SUV
7/19/2016Fiat Chrysler Automobiles NV continues to evaluate the potential of a full-size SUV based on the next-generation Ram 1500 pickup truck due in 2018.
NY Lawsuit Revives Claims that Top VW Execs Knew of Diesel Cheating
7/19/2016A lawsuit filed by the state of New York against Volkswagen AG revives claims that top VW executives knew for a decade or more that the company was rigging diesels to cheat on emission tests.
VW in Talks to Settle Diesel Claims in Canada
7/19/2016Volkswagen AG is in discussions to settle claims in Canada about roughly 100,000 diesels it sold there that had been rigged to avoid emission standards, Handelsblatt reports.
U.S. Wireless Charging Supplier Forms China JV
7/19/2016Richmond, Va.-based Evatran Group Inc. has formed a joint venture with China’s Zhejiang VIE Science and Technology Co. with a combined $5 million investment to market and produce Evatran’s Plugless wireless electric vehicle charging system in China.
Audi Making Big Commitment to Advanced Mobility
7/19/2016About one-third of Audi AG’s research and development budget will be allocated to automated vehicle technologies, electric cars and digital services through 2025.
Volvo Trucks Cuts N. American Sales Outlook
7/19/2016Swedish truckmaker AB Volvo has trimmed its sales forecast for North American for the third time as its new truck orders in the region sagged 29% in the second quarter of 2016.
Uber Tops 2 Billion Rides
7/19/2016Uber Technologies Inc. says it has surpassed 2 million cumulative rides worldwide since launching its ride-hailing service six years ago.
China Bans Road Tests of Self-Driving Cars Pending Safety Rules
7/19/2016China has warned carmakers they cannot evaluate self-driving vehicles on public roadways until the government sets standards for the tests.