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Car Sales in Russia Plunge 29%
10/9/2015Carmakers in Russia delivered 140,900 cars and light commercial vehicles last month compared with 197,200 in September 2014, according to the Moscow-based Assn. of European Businesses.
Mercedes to Add Coupe-Like C-Class Sedan?
10/9/2015Daimler AG's Mercedes-Benz unit is developing a sedan with coupe-like styling that could be introduced by 2020, reports Auto Bild.
China Will Hike Support for EV Charging Infrastructure
10/9/2015China's central government plans to increase subsidies by an unspecified amount to create a network of charging stations big enough to support a fleet of 5 million plug-in hybrid vehicles by 2020.
IPO Could Value Ferrari at €11 Billion
10/9/2015Fiat Chrysler Automobiles NV may value its Ferrari SpA supercar unit as much as €11 billion when it sets a price range for the initial public offering it plans early next year, sources tell Bloomberg News.
Investigators Raid VW Headquarters, Residences
10/9/2015Three prosecutors and a team of about 50 police officers have swept through Volkswagen AG's German headquarters in search of evidence about VW's admitted cheating on diesel emission tests, Automotive News Europe reports.
VW’s U.S. Boss Offers Apology, Shows Anger at Diesel Cheating
10/9/2015On Thursday Michael Horn, CEO of Volkswagen AG's American unit, became the company's first executive to give sworn testimony about software VW used to cheat government emission tests for 482,000 diesel-powered vehicles in the U.S.
Volkswagen to Recall Cheater Diesels in Australia
10/8/2015Volkswagen AG's Australian unit confirms it will recall about 96,000 diesel-powered vehicles that had been rigged by the company to cheat emission standards, Reuters reports.
France Plans to End Tax Breaks for Diesel Fuel
10/8/2015French government officials have agreed to begin equalizing taxes on diesel fuel and gasoline that would erase the current tax advantage for diesel in 5-7 years, Bloomberg News reports.
Grand Jury Indicts Three Japanese Execs for Price Fixing
10/8/2015A federal grand jury in Kentucky has indicted three former or current Japanese executives for conspiring to fix prices on rubber seals and weather stripping sold to Honda Motor Co. and Toyota Motor Corp.
New FCA-UAW Labor Deal Would Raise Tier-Two Wage Cap
10/8/2015Fiat Chrysler Automobile NV's tentative new contract with the United Auto Workers union would raise the hourly wage cap on tier-two employees to $29 from the $25 rejected by workers last week, sources tell Bloomberg News.