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Toyota Partners with Kymeta on In-Vehicle Satellite Antenna Technology
1/14/2016Toyota Motor Corp. is investing $5 million in Redmond, Wash.-based Kymeta Corp. and signed an exclusive agreement to develop and test the startup company’s flat satellite antenna technology for automotive applications.
EIB Bans Further Loans to VW Because of Diesel Scandal
1/14/2016The European Investment Bank says it will extend no further loans to Volkswagen Group until it can confirm the carmaker didn’t use a portion of previous loans for work on systems designed to cheat diesel emission tests.
European Parliament Delays Vote on New Emission Limits
1/14/2016The European Parliament agreed today to delay a vote on tougher emission laws for cars until February.
Renault Offices Raided in Emissions Probe
1/14/2016Renault SA says its headquarters and two technical centers near Paris have been raided by French investigators who are conducting a probe into vehicle emission testing.
VLF Powers Up Viper-Based Supercar
1/14/2016Michigan-based VLF Automotive says its new Force 1 supercar’s 8.4-liter V-10 engine can generate 745 hp and 638 lb-ft of torque.
Ward’s 10 Best Engines List Includes 3 Hybrids
1/14/2016Three of WardsAuto’s 10 Best Engines for 2016 are hybrid-electric powertrains: those used in the Chevrolet Volt extended-range hybrid, Hyundai Sonata plug-in hybrid and Toyota Prius.
Hyundai Targets First-Year Ioniq Hybrid Sales of 30,000
1/14/2016Hyundai Motor Corp. says it aims this year to sell 30,000 hybrid versions of its new Ioniq sedan—half of them outside South Korea.
Bridgestone Plans 15% Expansion for U.S. Sales Network
1/14/2016Bridgestone Corp. plans by 2020 to enlarge its U.S. network of tire retailers to 6,000 from about 5,200 today.
Naysayer Sees Peril in Carmaker Alliance with Tech Companies
1/14/2016Carmakers would be wise to consider tech companies such as Google Inc. as lethal threats rather than partners for sustained growth, warns Morgan Stanley analyst Adam Jonas, Bloomberg News reports.
GM: Trends Point to Another Record Sales Year in 2016
1/14/2016General Motors Co. says easy credit, cheap fuel, a growing economy and an improving job market will combine to deliver another sales volume record in 2016 for the U.S. auto market.