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Oil Prices Drop as Inventories Remain High
7/8/2016Oil futures fell almost 5% on Thursday after the Energy Information Administration reported that U.S. inventories of oil and gasoline are dropping less than expected.
VW Will Pay $86 Million to Settle California’s Civil Claims Over Diesels
7/8/2016Volkswagen AG has agreed to pay an $86 million penalty to cover costs associated with California’s investigation of the carmaker’s diesel emission cheating, Reuters reports.
Mercedes Sales Climbed 11% in June
7/7/2016Global sales of Mercedes-Benz passenger vehicles grew 11% to 188,400 units, aided by a 43% jump in demand for SUV/crossover vehicles, Daimler AG reports.
Korean Court Sets Aside Nissan Sales Ban
7/7/2016An administrative court in Seoul has suspended a ban by South Korea’s environment ministry that would have blocked Nissan Motor Co. from selling diesel-powered Qashqai crossover vehicles in the country.
VW Likely to Avoid Fines in Germany for Cheater Diesels
7/7/2016Volkswagen AG appears likely to avoid any fines in Germany for doctoring millions of diesels to evade the country’s emission standards—as long as it completes a series of recalls to bring the cheater engines into compliance.
S&P Lowers U.S. Car Sales Forecast
7/7/2016Standard & Poor’s Global Ratings now predicts full-year car sales in the U.S. will reach 17.5 million units this year, down from its previous forecast for 17.8 million passenger vehicles.
June Car Sales Dip in U.K.
7/6/2016New-car registrations in the U.K. slipped 1% to 255,800 vehicles last month compared with June 2015, the Society of Motor Manufacturers and Traders reports.
VW, LG Partner on Connected-Car Platform
7/6/2016Volkswagen AG and LG Electronics Inc. have agreed to co-develop a communications platform that will enable vehicles to swap data with their surroundings.
Mazda Recalls 74,300 Takata Airbags in China
7/6/2016Mazda Motor Corp. says its Chinese venture with Chongqing Changan Automobile Co. will recall 74,300 Mazda2 small cars to replace Takata Corp. airbag inflators that could explode in a crash.
43 Models Vie for Top Vehicle Awards in N. America
7/6/2016The organizers of the North American Car, Truck and SUV of the Year awards announced the preliminary list of 43 vehicles they’ll be considering for the 2017 competition.