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VW Confirms European Diesel Recall Will Begin in Late January
12/17/2015Volkswagen AG verifies it will begin in late January to recall EA189 series diesels in Germany that were equipped with software designed to cheat emission control tests.
Truck Boom Stalls U.S. Fuel Economy Gains
12/16/2015Surging truck sales in the U.S. left the country’s new-car fuel economy average stalled at 24.3 mpg in 2014, unchanged from the upwardly revised average for 2013, the Environmental Protection Agency reports.
VW Drops Slow-Selling Phaeton Sedan
12/16/2015Volkswagen AG says it will stop making its €90,000 ($98,000) Phaeton sedan at the end of March.
California Proposes Restrictions on Autonomous Cars
12/16/2015California’s Department of Motor Vehicles has proposed new rules to restrict the use of autonomous vehicles on the state’s public roads.
Fed Raises Interest Rates at Last
12/16/2015The Federal Reserve will increase its benchmark interest rate to between 0.25% and 0.50% on Thursday.
Ford GT Gets Gorilla Glass Windshield
12/16/2015Ford Motor Co. says its upcoming GT supercar will be fitted with “Gorilla Glass” windshields that are 30% lighter, saving 12 lbs, than conventional glass units.
Report: Google to Launch Driverless Car Service in 2016
12/16/2015Google Inc. plans to create a new company in 2016 that will offer shuttle services using cars that drive themselves, a source tells Bloomberg News.
Chinese Environmental Group Sues VW Over Diesel Rigging
12/16/2015A Beijing-based environmental group has filed a lawsuit against Volkswagen AG for using secret software to evade emission standards in 11 million of its diesel-powered vehicles.
Bank Freezes Loan for VW Factory in Poland
12/16/2015The European Bank for Reconstruction and Development has suspended €250 million ($274 million) in funding for a new Volkswagen AG van plant in Wrzesnia, Poland, sources tell Reuters.
Ford Will Test Self-Driving Cars in California in 2016
12/16/2015Ford Motor Co. says it will begin on-road tests of its self-driving Fusion Hybrid sedan in California in 2016 after joining the state’s autonomous vehicle testing program.