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Ferrari’s Quarterly Profit Jumps 19% to Record High
5/3/2016Net profits for Ferrari NV climbed 19% to a record €78 million ($90 million) in January-March, the supercar company’s first quarter as an independent company.
Daimler Hires Deloitte to Aid Diesel Emission Audit
5/3/2016Daimler AG says it has hired Deloitte Touche Tohmatsu to help conduct an audit of its diesel emission control systems that was requested by the U.S.
UAW, Volkswagen Agree to Discuss Tenn. Plant Labor Rift
5/2/2016The United Auto Workers union will meet later this month with Volkswagen AG representatives in Germany in hopes of resolving their labor dispute over workers at VW’s assembly plant in Chattanooga, Tenn.
Four Turbos Are Better than Three in New Bimmer Diesel
5/2/2016BMW AG is introducing a new diesel engine with four turbochargers that kicks out 394 hp and 561 lb-ft of torque, both of which are up about 3% over the carmaker’s outgoing tri-turbo diesel.
FCA Eyes Chinese Market for Alfa Brand
5/2/2016Fiat Chrysler Automobiles NV will test the Chinese market for its relaunched Alfa Romeo brand a year from now, says CEO Sergio Marchionne.
Italian Design House Readies Modified Tesla, Limited-Edition EVs
5/2/2016Italian designer Umberto Palermo has launched a new company called Mole that plans to produce its own high-end electric vehicles along with customized versions of existing models such as the Tesla Model S.
Takata Adds $189 Million to Its Airbag Recall Fund
5/2/2016Takata Corp. has added another 20.1 billion yen ($189 million) to cover the costs of remedying flawed airbag inflators blamed for 11 deaths and more than 130 injuries worldwide.
Marchionne Named CEO of Ferrari
5/2/2016Fiat Chrysler Automobiles CEO Sergio Marchionne, 63, has been named CEO of the company’s former Ferrari NV unit.
Bosch Opens Tech Center in Sweden
5/2/2016Robert Bosch GmbH has opened a new innovation center in Lund, Sweden, that will focus on developing software and hardware for next-generation connectivity and security systems.
BMW i3 Gets Bigger Battery, 40% Longer Range
5/2/2016BMW AG is replacing the 22-kWh lithium-ion battery in its i3 compact electric vehicle with a 33-kWh unit in the 2017 model, boosting the car’s driving range by 41% to an estimated 114 miles.