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Tesla Hires Audi Exec to Head Production
5/16/2016Tesla Motors Inc. has hired Peter Hochholdinger, former senior production director at Audi AG, to lead the company's goal of hiking output of its electric cars nearly 10-fold by 2018.
GM Halts Sale of SUVs with Inflated Mileage Stickers
5/13/2016General Motors Co. has ordered U.S. dealers to stop selling 59,800 fullsize crossover vehicles because they carry labels that overstate their official fuel economy ratings.
VW Group Sales Stalled in April
5/13/2016Volkswagen AG says worldwide deliveries by its 12 vehicle brands were flat at 853,300 units last month.
Recalls Push Honda into Quarterly Loss
5/13/2016Honda Motor Co. hiked car sales 11% to 980,000 units in the fiscal fourth quarter ended March 31, and its revenue grew 5% to 3.7 trillion yen ($34 billion).
Apple Invests in Chinese Uber Rival
5/13/2016Apple Inc. is investing $1 billion in Xiaoju Kuaizhi Inc.’s Didi Chuxing ride service operations, which competes against Uber Technologies Inc. in China.
April Sales in Europe Up 9%
5/13/2016Carmakers delivered 1.32 million vehicles across Europe last month compared with 1.21 million units in April 2015, the ACEA trade group reports.
Schaeffler’s Earnings Surge 52%
5/13/2016Bearing supplier Schaeffler Group reports its net income in the first quarter of 2016 jumped to €253 million ($286 million) from €167 million in the same period last year.
BMW Sales Rise 2%
5/13/2016BMW AG’s group car sales grew 2% to a record 179,300 units in April. Deliveries through the first four months of 2016 totaled 736,900 cars and crossovers, up 5%.
Magna Steyr to Build New BMW, Toyota Roadsters?
5/13/2016The new roadsters being jointly developed by BMW AG and Toyota Motor Corp. will be produced at Magna Steyr’s plant in Graz, Austria, reports Kleine Zeitung.
Honda CEO: Fuel Cells and EVs to “Dominate” Sales by 2050
5/13/2016Honda Motor Co. CEO Takahiro Hachigo expects pure electric vehicles and fuel cell-powered models to account for a combined 15% of the carmaker’s global sales by 2030 and become the “dominate” vehicle type by 2050.