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FCA to Complete Ferrari Spinoff in First Week of January
12/22/2015Fiat Chrysler Automobiles NV confirms it will distribute its 80% stake in Ferrari SpA to FCA shareholders during the first week of January.
BMW, Nissan Partner on Fast Chargers
12/22/2015Nissan Motor Co. and BMW AG are working together to launch a network of fast-charging stations across the U.S.
U.S. Economic Growth Slows as Corporate Profits Sag
12/22/2015America’s real gross domestic product expanded 2.0% in the third quarter, down from 3.9% in the second quarter and 0.1 point lower than previously estimated, according to the U.S. Dept. of Commerce.
VW Drops “Das Auto” Slogan In Quest for More Humble Image
12/22/2015Volkswagen AG is scrapping its 8-year-old “Das Auto” advertising slogan and switching to a more humble “Volkswagen” tagline, Reuters reports.
Supplier Steers Toward Autonomous Vehicles
12/22/2015Japan’s Jtekt Corp., which is credited with inventing electric power steering nearly 30 years ago, now is focusing its development efforts on steer-by-wire systems for self-driving cars.
Ford Readies 313,000-Car Recall to Replace Lighting Control Units
12/22/2015Ford Motor Co. plans to recall about 313,000 of its 2003-2005 model Ford Crown Victoria and Mercury Grand Marquis large sedans because their headlamps could stop working.
New Bimmer Models in the Works?
12/22/2015BMW AG is moving forward with plans for two new cars—an all-electric sedan and a top-end 9 Series—both of which could be introduced by 2020, according to media reports.
Hyundai EV Gets Aerodynamic Design
12/22/2015Hyundai Motor Co. says its upcoming Ioniq compact electrified car will have best-in-class aerodynamic characteristics to further improve the vehicle’s fuel efficiency.
Honda Waives Labor Costs to Fix Flooded Cars in India
12/22/2015Honda Motor Co.’s India unit is offering to repair customer cars damaged by extensive flooding in Chennai by waiving labor costs and discounting replacement part prices 10%. The company also is cutting prices 50% on such add-ons as paint protection and antirust coatings.
Moro to Head Mazda’s N. American Unit
12/22/2015Mazda Motor Corp. has appointed Masahiro Moro president and CEO of its North American operations, effective Jan. 1.