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Tesla Sketches Plan for Giant EV Battery Factory
2/26/2014Tesla Motors Inc. plans this spring to begin construction of a huge "gigafactory" capable of building enough lithium-ion batteries to power 500,000 electric cars per year by 2020.
Google Pushing to Block Laws Banning Wearable Displays
2/26/2014Google Inc. is lobbying state legislators to scrap plans to outlaw the use of displays such as Google Glass while driving, Reuters reports.
Magna Unveils Super-Green Mini MPV Concept
2/26/2014Magna International Inc. says its MILA Blue concept vehicle weighs 300 kg (661 lbs) less than a conventionally built A-segment vehicle and emits as little as 36 grams per kilometer of carbon dioxide.
VW Recalls 589,000 Delivery Vans Worldwide
2/26/2014Volkswagen AG says it will launch a global recall involving 589,000 of its Caddy small delivery vans to replace faulty gas struts that support the tailgate.
Ford to Expand Its Lines of Credit
2/26/2014Ford Motor Co. hopes to add $1.3 billion to its existing $10.7 billion in credit lines, according to Bloomberg News.
Toyota Latest to Test Myanmar Car Market
2/26/2014Toyota Motor Corp. has joined at least three other carmakers who are testing the potential for new-car sales in Myanmar, The Nikkei reports.
U.S. Home Sales Surge to 66-Month High
2/26/2014Sales of new homes in the U.S. grew 10% to a seasonally adjusted annual rate of 468,000 units in January, the highest volume since July 2008, according to the Dept. of Commerce.
VW to Cut Worker Bonuses as Profits Slip
2/26/2014Volkswagen AG says it will pay its workers in Germany bonuses of €6,200 each for their service in 2013, down from €7,200 in 2013 and €7,500 in 2012.
Hyundai Will Start Slowly with Luxury Genesis Model
2/26/2014Hyundai Motors Corp. will debut its new Genesis luxury sedan to the European market next week at the Geneva auto show.
Toyota Names Design Chief to Head Lexus
2/26/2014Toyota Motor Corp. has appointed Tokuo Fukuichi, chief officer of the company's global design group, to the additional role of president of its Lexus luxury car unit, effective April 1.