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Imported EVs Won’t Benefit from China Incentives After All
7/22/2014Earlier this month China announced it will waive the purchase tax on electric cars purchased between Sept. 1 and the end of 2017.
GM Turns Over European Operations to New Opel Group
7/22/2014General Motors Co. has combined its Opel, Vauxhall, GM Europe and Russian operations into a new organization called Opel Group GmbH.
Nissan to Launch Its Own Minicar Production
7/21/2014Nissan Motor Co. tells The Nikkei it plans to build a new minicar model in its own factory.
Opel to Drop Slow-Selling Ampera Hybrid?
7/21/2014Adam Opel AG plans next year to discontinue its Ampera extended-range hybrid sedan because of poor sales, unidentified sources tell Automotive News Europe.
Tesla Suspends Production to Prepare for Electric SUV
7/21/2014Tesla Motors Inc. has halted production at its Model S electric sedan plant to prepare the facility to also make the Model X SUV/crossover EV.
Severstal Sells Rouge Steel Unit, Exits U.S. Market
7/21/2014Russian steelmaker OAO Severstal, which spent $2 billion over the past decade establishing a presence in the U.S., is selling off all its American operations for about $2.3 billion.
GM Plans New Line of Low-Price Cars for Europe
7/21/2014Opel CEO Karl-Thomas Neumann tells the Financial Times that General Motors Co. is "definitely" looking at the European market for entry-level cars.
PSA to Assemble Cars in Nigeria
7/21/2014PSA Peugeot Citroen says it will begin assembling its Peugeot 301 in Nigeria later this year.
Mitsubishi Joins Takata Airbag Recall
7/21/2014Mitsubishi Motors Corp. has agreed to recall an unspecified number of certain 2004-2005 Lancer sedans so dealers can replace defective airbag inflators supplied by Takata Corp.
Japan Plans Nearly 30% Discount for Fuel Cell Cars
7/21/2014Japan Prime Minister Shinzo Abe says the country's government will offer subsidies of at least 2 million yen ($19,800) to buyers of fuel cell-powered cars.