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Oil Prices Dip Below $40 Per Barrel
12/3/2015Crude oil futures fell slightly below $40 per barrel on Wednesday, their lowest price since the global economic crisis six years ago, as producers continue to outpace demand.
GM Starts Aluminum Repair Network for Caddy CT6
12/3/2015General Motors Co. is launching a new repair service and training program for the aluminum-bodied Cadillac CT6 sedan that is due to bow in the first quarter of 2016.
Nissan Readies Extended-Range Hybrid Model
12/3/2015Nissan Motor Co. is developing a range-extended hybrid vehicle. The yet-to-be-named model is expected to be unveiled next year.
VW Reportedly Has Finalized €20 Billion in Bridge Loans
12/3/2015Volkswagen Group has completed an agreement with 13 banks for about €20 billion ($21 billion) in bridge loans, sources tell Reuters.
Mercedes Sales in U.S. Plunged 13% in November
12/3/2015Daimler AG’s Mercedes-Benz Cars unit sold 30,000 vehicles in the U.S. in November compared with a record 34,600 units a year earlier.
JLR to Bid for Silverstone F1 Circuit?
12/3/2015Jaguar Land Rover Ltd. has offered to buy the U.K.’s famous Silverstone racing circuit from the British Racing Drivers Club for about £23 million ($34 million), the Financial Times reports.
UPDATE: Record Rainfall Continues to Batter India’s Auto Output
12/3/2015India’s carmaking center in Chennai is bracing for at least two more days of record-level monsoon rains that have forced Ford, Daimler and Nissan to suspend production since Monday.
VW’s Controlling Family Calls for Calm, Vows to Shield Jobs Amid Diesel Scandal
12/3/2015The Porsche-Piech family that controls Volkswagen AG advised the company’s workers yesterday not to “panic” and suggested their jobs would be protected as VW struggles with its array of emission test cheating scandals.
Nissan Seeks Limits on France’s Role in Renault Alliance
12/2/2015Nissan Motor Co. has requested several measures to limit the ability of the French government to influence business decisions by the company’s alliance with Renault SA, sources tell Reuters.
Self-Driving Car Races to Start Next Year
12/2/2015Vehicles, start yourselves. The organizers of Formula One’s Formula E electric car racing series plan to launch a new offshoot series for autonomous vehicles late next year in conjunction with the third season of Formula E.