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VW Ponders Huge Battery Plant Project in Germany
6/1/2016Volkswagen AG tells analysts it is studying a plan to erect a giant factory in Germany to make battery cells, presumably for electric vehicles.
Executives Bullish about Mergers, Alliances
6/1/2016Half of CEOs responding to EY’s latest Capital Confidence Barometer survey say their companies expect to actively pursue acquisitions in the next 12 months, and 40% plan to enter an alliance with another company.
Honda to Open Artificial Intelligence Lab in Tokyo
6/1/2016Honda Motor Co. is opening a center in Tokyo to develop artificial intelligence technologies in such areas as speech recognition and software control that can be applied to everything from robotics to self-driving cars.
Tesla Says Software Will Fix Model X Door Glitch
6/1/2016Tesla Motors Inc. says a pair of software updates should fix complaints that the “falcon-wing” doors on its $80,000 Model X electric crossover don’t work properly.
VW Has Fixed only 50,000 Cheater Diesels in Europe
5/31/2016Volkswagen AG says it has repaired only 50,000 of 8.5 million diesel-powered cars in Europe it illegally equipped with software to evade emission tests, Reuters reports.
Suzuki Chairman: “Cheating is Cheating”
5/31/2016Suzuki Motor Corp. Chairman Osamu Suzuki vows to remedy faulty test procedures on 26 minicar models it makes for the Japanese market, declaring “Cheating is cheating.”
Special Items Boost VW Group’s Quarterly Operating Profit
5/31/2016Volkswagen Group reports that special items—mostly related to exchange rates for €16 billion set aside to pay for its diesel cheating scandal—increased the company’s operating profit 3% to €3.4 billion ($2.7 billion) in the first quarter of 2016.
Supplier Plant Blast Disrupts Toyota Production in Japan
5/31/2016Toyota Motor Corp. has again idled some of its plants in Japan because of a problem with one of its domestic suppliers.
Ford Touts Fusion Hybrid’s 610-Mile Range
5/31/2016Ford Motor Co. says the driving range of its Fusion Energi plug-in hybrid sedan has been extended 60 miles to a class-leading 610 miles for the 2017 model year.
Mazzanti Evantra Supercar Joins 1,000-hp Club
5/31/2016Italy’s Mazzanti Automobili says its upcoming Evantra Millecavalli supercar will be equipped with a twin-turbocharged 7.2-liter V-8 that generates 1,000 hp and 885 lb-ft of torque.