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VW Group Sales Revive in January
2/12/2016Volkswagen AG, whose group sales slid 4% in 2015, reports its year-on-year deliveries advanced 4% to 847,800 vehicles in January.
China’s BYD to Supply Electric Buses to California
2/12/2016BYD Motors Inc. has won a contract to supply as many as 85 electric buses to the Antelope Valley Transit Authority (AVTA) in Southern California over the next five years.
UPDATE: AvtoVAZ Seeks Aid As Losses Triple
2/12/2016Russia’s largest carmaker, OAO AvtoVAZ, says its net loss tripled to 74 billion rubles ($932 million) in 2015.
Kia Targets 50 mpg for New Niro Hybrid
2/12/2016Kia Motor Corp.’s expects its new Niro hybrid crossover vehicle to earn a 50 mpg combined city/highway fuel efficiency rating from the Environmental Protection Agency when it hits the streets late this year.
Renault’s Net Income Jumps 48%
2/12/2016Renault SA reports its revenue in 2015 rose 10% to €45.3 billion ($51.3 billion), and net income grew to nearly €3 billion ($3.3 billion) from €2 billion in 2014.
U.S. Fuel Price Average Drops to $1.70 Per Gallon
2/12/2016The average price of a gallon of gasoline in the U.S. are ending the workweek at $1.70, down from $1.77 a week ago, according to the AAA Daily Fuel Gauge Report.
Google’s Autonomous Car Project Looks for Production Experts
2/12/2016Google Inc. is looking for engineers and manufacturing experts for its Google X self-driving car project, Reuters reports.
Mercedes Bets €2.6 Billion on Diesels
2/11/2016Next month Daimler AG’s Mercedes-Benz Car’s unit will begin to roll out a new family of 4-cylinder diesels that are as much as 13% more fuel efficient and 80% cleaner than the units they replace.
Vietnam’s Car Market Surged 55% in 2015
2/11/2016Car sales in Vietnam zoomed 55% to a record 245,000 units last year, Thanh Nien News reports.
Daimler to Name New R&D Chief?
2/11/2016Daimler AG will announce on Tuesday that Ola Kaellenius, currently in charge of marketing and sales for Mercedes-Benz Cars, will take over as head of the unit’s research and development activities, sources tell Handelsblatt.